Leading Midwest Building Materials Whsl/Retailer

OH (Relocatable)

Seller Financing Available
Leading Midwest Building Materials Whsl/Retailer
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Asking Price: N/A

Cash Flow: $284,000

Gross Revenue: $7,213,000

EBITDA: $161,000

FF&E: $315,000

Inventory: $1,500,000

Established: 1909

Leading Midwest Building Materials Whsl/Retailer

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Business Description

The company is a premier Midwest wholesale/retail provider of building materials, hardware and in-house design and installation services to commercial contractors and homeowners. Voted the top lumber dealer in the area for 11 years running. Owned with a lease or purchase option, the company operates out of one central location with a total of 19 structures. Of which, approximately 11,600 square feet are climate controlled. 49,000 SF are enclosed for storage, and about another 12,000 SF is storage under roof only. Annual sales by product type include: lumber (30%), building supplies (60%), and hardware (10%). Approximately 70% of the company’s revenue is derived from contractors with the remainder of business generated from retail sales to homeowners. They have 32 full-time and eight part-time nonunion employees, with an average length of Approximately 25 years. In 2016, the company generated $7.2 million in sales. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.
Consistent topline revenue above $7 million - Strong track record of profitability - 11 decade reputation for quality and service - Market leader in Southwestern Ohio - 90% repeat business - $1.5M inventory included - Equipment & vehicles: $315k included - Property valued at $286k Optional - 32 nonunion full-time employees - Strong web ecommerce presence - Leading design services - Owner transition period: 3 to 6 months ideal, would consider staying longer. Asking Price Range: $3.0 to $5.0 million.

Detailed Information

Inventory:
Included in asking price
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
negotiable for the right buyer
Reason for Selling:
Other interests
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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