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Lumberyard & Hardware Store W / Real Estate
Location: United States -> North Carolina
Industry: Retail > Home and Garden Retail




Business Summary

This family-run lumberyard, hardware store and 14,500 sq.ft. building has been an iconic landmark in the Southeast US for over 60 years.

Nestled in an historic rural community, this area of the country is experiencing explosive growth, as families from around the US are vacating highly populated areas, moving south and enjoying a 4-season climate, at an affordable cost of living.

Perfect add on business for a residential general contractor who would like to grow and/or a family who would like to own both a business and their own real estate.

This is a true family business as it was purchased by the seller's parents in 1958, and by 1980 three of their five children were working in the business. In the beginning this was a building supply store with very little hardware. Eventually they added hardware and mill work to become a full building supply/hardware store as well as a residential and commercial building company. The construction company was eventually closed, and concentration was focused solely on the hardware and lumber business. The Lumberyard was expanded, and a new store was built. After the passing of their parents, the seller along with her two other siblings stepped up into ownership roles, and have continued to run the fantastic business that they had grown up working in.

Within the same community, there exists and ACE hardware, as well as a Lowe's Home Improvement center.

The largest area of opportunity would be to capture more of the DIY business, in addition to the contractor business. Most attention has been towards bringing in contractors with a lot of repeat business. New owners might want to consider appealing more to local residents with DIY projects.

Standalone hardware store, lumberyard with both warehouse and sheds to store product


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,636,358
Cash Flow:   $205,377
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $783,803
Seller Financing:  Yes

About The Business

Year Established:  1958
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement

Photos

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Lumberyard & Hardware Store W / Real Estate Photo 1




Print Listing Id: 700360711
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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