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Lumber, Hardware, Building Supply Retail Operation For Sale!

Big Rapids, MI (Mecosta County)

Seller Financing Available
lumber company
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Asking Price: $2,800,000

Cash Flow: N/A

Gross Revenue: $4,500,000

EBITDA: N/A

FF&E: $600,000

Inventory: N/A

Real Estate: N/A

Established: 1981

Lumber, Hardware, Building Supply Retail Operation For Sale!

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Business Description

LUMBER, HARDWARE, BUILDING SUPPLY RETAIL OPERATION (BUILDER YARD) FOR SALE!

LUMBER, HARDWARE, BUILDING SUPPLY RETAIL OPERATION (BUILDER YARD) FOR SALE! – NORTHERN -MICHIGAN

Investment Highlights!

This contractor lumber yard has a long history of selling lumber and building materials dating back to 1905 when its operated sawmill, flooring, coal and lumber yard. They started in one of the existing buildings that the company utilizes today. Presently the company provides a wide variety of products in several departments including building products, paint, plumbing, electrical, tools, lawn & garden & hardware. The companies are a successful Builder Supply Lumber Yard.

For the last 30 years, it has carried through with its promise of quality products and service. The company is a family-owned & operated lumber yard and kitchen & bath center. They cater to both the do-it-yourself customer and the custom builder. The family has prided itself on outstanding customer service and excellent quality. They have 12 employees -- some of whom have been part of the company for over 20 years. They provide a wide variety of products in several departments, including building materials, paint, plumbing, electrical, tools, lawn & garden, and hardware.

The company offers a large selection of builder grade building products from JELD-WEN Windows, Aztec Decking, Sikkens Products, Milwaukee Products, Pasload, Weeks Forest Products, Inc., Amerhart, Biewer Lumber, Boise Cascade, Cook County Lumber, all the hardware franchised products, and many other high-quality building products.

As stated above, the company has 12 full-time employees, ’ including the owners, 3-4 additional summer help. Offer Blue Cross/Blue Shield Health Insurance, 401K, and life insurance.

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Detailed Information
Asking Price: $2,800,000.000
Total Sales: Sales are greater than $4,500,000.00 annually
Location: Northern Michigan
Inventory: Ranges between $650,000.00 to $900,000.00; Included in asking price.
Employees: 12 full time; 3-5 part-time.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price, FFE is estimated to be valued more than $600,000.00
Facilities: 27,456 square foot (total of 4 buildings); The main 6,000 sq. Foot showroom was built in 1986. Some of the other buildings are approximately 40 years old. The building is in good condition and well organized.
Competition: The community has Menards and Lowes. However, the lumber company supplies contractors, so the competitions are limited.
Growth & Expansion: Grow additional builders toward major markets located nearby and add yard. As well grow the kitchen and bath departments, add a floor covering departments.
Financing: Subject to Credit Approval of Terms and Conditions at the owner’s discretion.
Support & Training: Owners will support and train new owners.
Reason for Selling: Transition to Retirement, one owner is willing to transition for five years.

Detailed Information

Location:
Big Rapids, MI
Real Estate:
Owned
Included in asking price
Building SF:
27,456
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Subject to terms and conditions.
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(from currently available funds)
 
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Rob Anderson

Business Listed By:
Rob Anderson

Equity LTD

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