Business for Sale Overview:
Company Overview and History The “Company”, is a full-service retailer in the building supplies market. In addition to presenting a strong inventory of lumber and lumber products, the Company also offers a complete line of building supplies ranging from siding, windows and doors to hardware, fasteners and other sundries. The Company operates from excellent facilities that are to be sold with the business. The owner established the “Company” in July 1998. The Company’s success is based on a solid history of quality products, fair and honest dealing, and competitive pricing. After more than 10 years in the business and with the Company at a steady operational level, the owner would now like to pursue other opportunities. Accordingly, the owner desires to identify a new owner to build on what the “Company” has already established and implement any or all of several expansion opportunities to grow the Company to its next level of success and profitability. Financial History The “Company” operates entirely on its generated cash flow, and the Company has shown solid sales. Operating Revenue for the year 2005 was $4,428.5M, for the year 2006 was $4,787.6M, for 2007 was $5,039.0M, 2008 - $4,129.3M 2009 - through July 22, $1,486.1M. Further, the Owner has identified several ideas that a new owner might consider to take the Company to the next level of success (see Section 1.4 Growth Opportunities). Assets, to be sold with the company, are comprised of real property, accounts receivable, fixed assets, and inventory. The estimated fair market value of these assets as of June 30, 2008 is $4,744.5M (see Section 3.6.2). Competitive Advantages and Markets The Company is positioned for significant and immediate growth. The “Company” has a proven reputation for offering an expansive line of quality products and superior customer service. Additionally, the Company has the space to maintain on-hand inventory and the equipment to provide crane services that some competitors cannot offer. Please see Section 1.5.3 Competitive Advantages and Section 1.5.4 Barriers to Competition for more information. The Company draws its customers primarily from within a 35-mile radius – a region that offers a customer base of approximately 65,000 and is increasing daily. Although the owner estimates that the Company currently serves 60-65% of the market in the immediate area, it is clear there is potential for growth. One can immediately see the possibilities. Transition of Ownership, Management Succession and Opportunity Predictability for a buyer is very important. The Company’s outstanding reputation has been key to the success of the business; it is important for future success that a new owner maintains this same level of product offering and service quality. The current operation is strong, and all processes are in place. The Company has a history of steady growth, and demand for its products and services remain solid in the local market. The Seller is committed to seeing that a smooth transition of ownership takes place. A new owner could potentially implement an aggressive growth strategy based on the ideas identified in section 1.4 Growth Opportunities and reasonably expect a significant increase in revenue and profitability.
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Reason for Selling:
Other Business interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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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