Profitable Building Materials & Hardware Center - UPDATED

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Profitable Building Materials & Hardware Center - UPDATED
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Asking Price: $2,600,000

Cash Flow: N/A

Gross Revenue: $6,435,436

EBITDA: $263,817

FF&E: $300,000

Inventory: $1,600,000

Real Estate: $2,100,000

Established: N/A

Profitable Building Materials & Hardware Center - UPDATED

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Business Description

This profitable two-location Building Supply Center is well established and continually profitable, in spite of being absentee owned. Each location has been the main player in its community for over 50 years, with many experienced employees on staff. As members of the Do It Best member-owned Co-op they get all the benefits of a national brand while still being locally owned. Both locations continue to thrive as new residents build retirement homes, tourism continues to rise, and new mining operations start up in the area. The company has experienced double digit sales growth each of the last two years. Both locations operate in company-owned facilities that are clean, well maintained, and well merchandised. The company sells to the general public as well as contractors and has a diverse customer base. Competition for building materials comes primarily from out of area firms. Local competition for hardware comes from Ace Hardware, existing since 2006. The current owners are absentees with experienced on site staff running each location.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
33,500
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The larger of the two stores is 33,500 SF in size and located in a community of 3,500 residents. With a 5.2 acre lot there is more than enough room to sustain future growth. The smaller store operates in a 4,500 SF retail space with 0.85 acres of total land right in the heart of downtown. There is an additional lot and office/retail space across the street on a .449 acre lot. The current owners use this lot for parking and storage. They are also remodeling the inside to be showroom space for doors, flooring, trim, etc. An additional 10 acres of land are available for purchase and could be utilized for future expansion.
Growth & Expansion:
This would be an ideal acquisition for a current industry operator or someone new to the industry. The owners have already acquired a 10 acre parcel (not included in list price) in the same area as their smaller location. This area could be used to build a larger building materials yard, an equipment rental center, and a larger retail store.
Support & Training:
Management will stay or is willing to help assist the new owner during the transition of ownership.
Reason for Selling:
The passive owners are transitioning into retirement and would like to transfer
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Randy Limani

Business Listed By:
Arthur Berry & Company

Arthur Berry & Company

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