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Lumberyard/building Supplies For Consumers And Builders (17890) For Sale

North Central IA, Iowa, US
Freehold Price:
$1,140,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$807,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,911,064
Cash Flow:
$236,638

Situated in North Central Iowa, hardware store sells quality lumber, roofing, and home improvement materials, from paneling, paints, and electrical products to specialized flooring, plumbing, and supplies for contractors. Powered by high visibility from a well-located shop, residential walk-ins for remodels are popular due to special, custom orders, as a large repeating customer base continues to back ongoing referrals, ratings and strong reputations. Through almost six decades of experience connecting vendors with clients needing new projects, this listing has flexibilities for optimizations that don’t compromise profits, such as streamlining potentials and partnerships. Thanks to a constant-moving inventory and its debt-free nature, 2023 forecasts surpass $2 Million in Sales with $300K Discretionary Earnings, after Revenues reached $1,911,064 in 2022 holding Discretionary Earnings of $236,638! Knowledgeable and long-standing team of five nonunion workers are likely to stay post-sale, with one key employee ready to train for owner-absentee management. The seller will transition smoothly under current roles. Three buildings (open storefront, machine shed, and retail facility) measure around 27,180 square feet and feature office space and ample spacing for warehouse use. Preferably sold alongside the business, property and 1.9 acre. values up to $335K. Found in excellent condition after six years of renovations, including electrical and buildout upgrades in 2022. With light marketing, new promotive efforts such as a developed website, more online engagement, and digital marketing could help maximize client outreach. While a 40% majority of income stems from contractors, and the top products provided are lumber/wood and building materials, further market command is possible by adding pet supplies. Benefiting from multiple retailer networks, growth opportunities also exist with a garden center and yarding equipment as profitable product lines. Positioned to sell, the financials based on independent evaluation!

Property Information

Real Estate:

Available as lease or with real property included

Location:

Complete purchase is available for $1,140,000 with Land of 1.9 acres & Building included!

Premises Details:

Business can be run Owner-Absentee post-sale!

Size in square feet:
27,180+/-

Business Operation

Reasons for selling:

Approaching retirement.

Trading hours:

Monday to Friday 8AM - 4:30PM and Saturdays from 8AM - 12PM.

Employees:
5 nonunion.
Years established:
1964

Other Information

Support & training:

Key employee ready to train for streamlined management after a smooth Owner Transition with kept current roles.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$141,492 - included in the asking price
Inventory / Stock value:
$210,000 - included in the asking price
Lease asking price:
$807,500 - Furniture / Fixtures and Inventory / Stock included