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Asking Price:	$695,000 USD USA Dollars
Business for Sale Industry:	Retail: Hardware Stores, Garden Centers
Reason for Selling:	Owner to concentrate on other business interests.
Year Established:	1895
# of Employees:	10
Yearly Revenues:	$3,000,000
Yearly Cash Flow:	$250,000

Business for Sale Overview:

Founded over 100 years ago! This successful lumberyard and general home center is a mainstay of a quaint northern Vermont community; it is located in the center of town in a complex of 9 buildings (15,000 sq. ft. in total) on approximately 3 ½ acres of land. The business has a loyal customer base, most of whom are local contractors who ensure a steady stream of business. Products sold by the business include lumber, hardware, plumbing equipment, tools, paint, kitchen and bath fixtures, and lawn and garden equipment. The nearest lumberyard and home center is located in another town, making the business the primary source of lumber for many of its customers, who prefer a convenient location. The sale includes a new forklift and 3 trucks ($100,000 value). The asking price does not include the inventory (>$300,000 value). The business generates 80% of its sales through the lumberyard (15% to 25% markup) and the balance through highly-profitable retail sales (35% to 50% markup). There are seven employees, including a manager who runs the operation. The asking price is well justified by the company’s high cash flow, long history and reputation for excellent quality products. This is a tremendous opportunity for someone interested in entering the lumber/home center business or for a strategic buyer seeking to expand its operations.

Property Features and Assets:

The business is located on main street in the center of town. There is a complex of 9 buildings (15,000 sq. ft. in total) on approximately 3 ½ acres of land. The sale includes a new forklift and 3 trucks ($100,000 value). The asking price does not include the inventory (>$300,000 value).

Market Competition and Expansion:

There are no similar businesses in the immediate area; the closest competitor is located in another town. The business has significant growth opportunities. The company has little direct sales effort, so the addition of a salesman to go to the construction sites and take orders from the customers would boost sales. Also, increasing the hours that the business is open (currently the business is closed on Sundays) would lead to greater sales.

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.