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Business For Sale
PROFITABLE BUILDING MATERIAL BIZ W/ REAL ESTATE
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Asking Price: |
$825,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Hardware Stores, Garden Centers
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Reason for Selling:
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Retirement after 25 years. |
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Year Established:
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25 |
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Yearly Revenues:
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$1,025,000 |
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Yearly Cash Flow:
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$140,000 |
Business for Sale Overview:
This very profitable discount building materials retailer has seen revenues moving up over the last few years. By maintaining low overhead and focusing on big ticket/high margin items such as windows, doors, cabinets, custom countertops, shingles and molding, the businesss has thrived because it can easily compete on price with Lowes, Home Depot or anyone in the area. Also, the business does about 30% of it's sales in highly profitable factory seconds, and is a preferred store for landlords, house flippers and small contractors (the over the shoulder/trunk slammer trade). Because the business has a reliable and knowledgeable customer base, who neeed minimal help and want good pricing, the business is able to operate with only an owner-operator and be open only 40 hours/wk. However, the business has many opportunities for growth such as carrying hardware; carrying more materials; more employees/sales people; longer hours... Also the business and property are perfect for a contractor to buy, because while the property is zoned general commercial/retail use, the large 21,000 sq. ft. building on a 1.3 acre fenced in lot has separate offices and two sizable storage areas, so a construction company can be run out of the property along with the very profitable discount building material business. Plus, the contractor can buy many of it's materials at a deep discount! Lastly, besides the cash flow generated by the business, the business can additionally support the payment of a mortgage on the property (or fair market value rent) and the cash flow advertised has already been adjusted to reflect that! Both the business and real estate are included in the purchase price; and are a bargain at $825,000! Also, $75,000 of inventory is included in the purchase price.
Property Features and Assets:
21,468 sq. ft. building, zoned C2 commercial, on a 1.3 acre lot that is fenced in. Thus it can be used for multiple purposes as described in the paragraph above.
Market Competition and Expansion:
Can be expanded into hardware sales, a construction company and many other avenues of growth.
$75,000 in inventory at a minimum is included in purchase price.
real estate and business together are being sold for way below combined market value!
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not 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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