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Business For Sale
HOME IMPROVEMENT AND BUILDING SUPPLIES RETAILER
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Retail: Hardware Stores, Garden Centers
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Year Established:
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1946 |
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# of Employees:
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12 |
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Yearly Revenues:
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$3,900,000 |
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Yearly EBITDA:
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$111,000 |
Business for Sale Overview:
The March Group, LLC currently represents for acquisition a successful and long standing building materials and supply center, ideally located within a well established and ever-growing Southeastern community. Both contractors and DIYers alike turn to the firm for its comprehensive selection, knowledgeable sales advice and guaranteed ability to deliver on very short notice. Sales have grown from $2.7 MM as of FYE 30-June-2005 to nearly $3.9 MM for FY 2007, which represents a Compound Annual Growth Rate of 20.3%. Carries a wide variety of building materials including lumber (approximately 55% of revenues), doors (30%), and room fittings and interior trim (15%). Commercial accounts, comprised heavily of custom home builders with whom the Company has a long-established relationship, account for nearly 85% of revenues, with retail sales generating the remainder. Located in a growing suburban community which is slated as the next project site for a leading development group. Available for long term lease or acquisition along with the business, the Company’s facilities cover six buildings encompassing 32,000 sq. ft. - 8,000 of which is dedicated sales floor - situated on two and three-quarters acres. Generates sales from a very localized client base, drawn primarily from within a 20 mile radius of the retail outlet – presenting a ripe and viable opportunity for geographic market expansion. Originally founded in the mid-part of the last century, the Company’s current owner has been with the firm since the early 1960s, engendering tremendous loyalty from local business people and area residents. Strong middle management team anchors the Company’s staff of 12 and would remain post-acquisition.
Property Features and Assets:
Available for long term lease or acquisition along with the business, the Company’s facilities cover six buildings encompassing 32,000 sq. ft. - 8,000 of which is dedicated sales floor - situated on two and three-quarters acres. Current facilities offer ample opportunity for continued growth and expansion.
Market Competition and Expansion:
Given the Company’s proven business model and superior reputation, there are exciting opportunities to increase market share. More aggressive business development efforts, geographic expansion, and increasing product and service offerings present exciting areas to pursue immediate growth for more aggressive management.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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