Lumber and building materials retail store.

TYPE OF BUSINESS: Lumber and building materials retail store. The current owner has been selling quality lumber and building materials to the surrounding area for over 13 years. The company is a contractor/homeowner supply business with a sales breakdown of 65% contractors, 25% homeowners, and 10% DIY projects.

They provide everything the contractor/homeowner needs, such as professional design & drafting, decking, cabinetry, windows, doors, millwork, roofing, and assorted tools available for sale and rent, to name a few. They work with approximately 40 major vendors every week and another 40 minor vendors 10 -20 times a year. The owner is willing to stay on staff for some time to ensure a smooth transition.

The hours of the operation are 7:30 a.m. – 4:30 p.m. Monday – Friday.

 

FACILITY:  The first building is a 3,360 sq. ft. showroom and office. The second building is an 11,928 sq. ft. warehouse built in 2016. The property is serviced by private water and sewer.

 

EMPLOYEES: Owner-operator with a full-time store manager (10 + years), and 8 full-time staff.  Most employees have been with the company for several years.

 

GROSS SALES/CASH FLOW:  The gross sales for 2023 were $4,541,081, cash flow was approx. $421,960. 2022 gross sales were $5,548,387, cash flow was approx.$383,470. 2021 gross sales were $5,332,889, cash flow was approx. $348,217.

 

ASKING PRICE: The asking price for the business is $1,050,000. This includes equipment, furniture, and fixtures estimated at $320,000. Inventory is not included, valued at approx. $300,000. The asking price for the buildings and 4 acres of property is $1,450,000. Bank financing for the business and buildings is available to a qualified buyer.

 

REASON FOR SALE:  Retirement wanting to spend more time with family.

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to identify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 30 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 32 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.