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Lumber Yard And Hardware Store In Salida For Sale

Salida, Colorado, US
Asking Price:
$4,100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$6,266,000
Cash Flow:
$684,894

A full-service building supply company with extensive lumber yard, retail hardware store, custom metal and wood shop located in a growing rural Central Colorado community. A profitable & growing business that services a large geographical region. Outstanding reputation and strong relationships with contractors, developers, consumers and businesses in the region. With limited competition and chains out of area, this is a fantastic opportunity to own a successful business in a world class location. Business is located in a prime location walking distance to downtown Salida. Opportunity for future re-development of multi-unit housing, condos and / or live workspace or retail expansion.
Voted one of the top small towns in the country by several publications. Located in Salida, CO in the heart of the Colorado Rocky Mountains and Upper Arkansas River - with world class fishing, skiing, biking, rafting and outdoor adventure.

This business has a 50-year history in the area and well positioned for a new owner to grow or expand to the next level with a dedicated, knowledgeable staff and loyal customer base.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Two homes utilized as rental property included in the sale. 2nd home expected completion date of Feb 2020 with anticipated rents short or long term at $1600 per month.

Location:

Business is located in a prime location walking distance to downtown Salida. Opportunity for future re-development of multi-unit housing, condos and / or live workspace or retail expansion.

Premises Details:

Large lumber yard, retail hardware store, wood shop and metal shop and two residence. • Retail Storefront 5,084 Sq. Ft. • Wood Shop Manufacturing 4,650 Sq. Ft. • Metal Shop Manufacturing 7,500 Sq. Ft. • Lumber Storage Area 12,861 Sq. Ft. • Storage Warehouse 2,266 Sq. Ft. • Rental Residential 1,600 Sq. Ft. - New Build Under Construction 2/2020 • Rental Residential 800 Sq. Ft.

Size in square feet:
100,188

Business Operation

Expansion Potential:

Adding additional services, inventory and improved marketing this business is poised to take advantage of the tremendous growth in new home & commercial construction in the area. The business is located in the largest historical district in Colorado which provides a constant demand for supplies and services to support consumers and contractors in home improvement and remodel projects. Prime redevelopment opportunity with the real estate included in the purchase.

Competition / Market:

There are three local competitors: ACE hardware, True Value and an independent lumber yard. This business is the most established and largest in size and market share. The closest national chain lumber store is 1.5 hours away

Reasons for selling:

Retirement

Trading hours:

Monday through Saturday

Employees:
15
Years established:
53

Other Information

Support & training:

The seller will provide an appropriate amount of transition training and support to facilitate a smooth transfer of ownership.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$350,000 - included in the asking price
Inventory / Stock value:
$675,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact First Colorado Land Office

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