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Commercial And Residential Lumber Supply
Location North Dakota,United States
Asking Price Range $10.0M - $20.0M
Gross Revenues $15331000
Net Profit / Cash Flow $2340000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1948
Number of Employees 10 - 19
Relocatable Yes
Number of Employees 10 - 19
Real Estate Owned
Training The owner has agreed to remain for a reasonable transition period. There is a management team in place that will stay on after the sale along with most key employees.
Reason for Sale Retirement is the reason this owner is selling.
Description This listing details a local family owned enterprise which serves the surrounding communities in a beautiful area of North Dakota. With the largest selections of building materials and supplies the novice and the seasoned handyman can find the right tools and materials to get the job done. The Company provides quality engineered lumber products, materials for windows, doors and cabinets, siding and roofing, decking and other general hardware supplies. Drafting and Design planning is also provided for those desiring a more organized project approach. They also offer free estimates and free local delivery.
Operating out of two convenient locations, this business has been thriving since its start in 1948. The buildings and lumber yards have been well kept over the years and are in excellent condition. The surrounding area of North Dakota is a popular place for outdoor recreational activities like swimming, fishing, boating and hiking. The community is rapidly growing, bringing greater demands for this company's products and services. The team of experienced personnel are well organized to provide impeccable service to their clients. This management team will be staying with the company after the sale in order to keep the business running smoothly. The current owner is retiring and wishes to see the business placed in capable hands. For more details on this listing feel free to contact our offices today!
According to management, 65% of revenues are attributable to contractor sales and 35% to the general public.
Gross income could easily be increased for this business by offering more installation services, expanding the drafting and design services and/or offering rental equipment sales. Also, adding additional outside sales personnel, expanding hours to include weekends or creating a stronger brand identity would also lead to greater income for a new owner.
Owner financing is negotiable up to 20% and all equipment, inventory and property is included in the sale.!
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