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- RE: Michigan UP Lumber And Hardware Dealer
- Contact: Nick Good
- License #: 6505363968
Quick Facts
| Asking Price: | $1,300,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | $400,000 | |
| Cash Flow: | $400,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1983 | |
| Employees: | 16 | |
| BBN Listing #: | 947988 | |
| Broker Reference #: | RA226 |
Business Overview:
This Company has provided hardware, lumber, and other building materials supply to do-it-yourselfers and contractors in the upper peninsula of Michigan for 40 years. It features a full-service hardware store, lumberyard, and overhead door offerings. Its large and stable base of customers value the Company for its excellent service, quality and thoroughness, and the combination of the three divisions benefit the Company as a whole. The Company presents a geographic growth opportunity for a buyer interested in taking over an established, successful business in an underserved region of the state. The Company currently has day-to-day management in place, and owners are willing to assist buyers through a short transition period.
Room to grow – The business is operating at less than full capacity, and its current facilities could handle additional sales volume.
Additional marketing – Current efforts are focused primarily on newspaper and radio advertising and the Company’s website.
INVESTMENT HIGHLIGHTS
Loyal customers – The Company’s reputation for high quality and customer service has won it many repeat buyers. It currently maintains approximately 250 customer accounts.
Hardware store network membership – The Company’s membership in a national hardware store cooperative provides access to more than 65,000 products.
Full-service lumberyard – The Company’s full-service lumberyard stocks and delivers everything from white wood lumber to moisture-resistant drywall.
Central location – The Company is ideally located to serve the many resorts, cottages, year-round homes, farms, businesses, and local and tribal governments in its region.
Contact the Seller:
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Property Features and Assets:
The facility, which has been the Company’s home for 40 years, consists of two buildings. The main building has about 24,000 square feet of floor space, about 7,500 square feet of loft and another 1,000 square feet of tool storage. The real estate is available for purchase but is not included in the asking price.
Market Competition and Expansion:
Reason for Selling:
Retiring. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Michigan businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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