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

North Central IA, Iowa, US
Freehold Price:
$995,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$695,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,510,481
Cash Flow:
$153,823

This hardware store sells quality lumber, roofing, and home improvement materials, from paneling, paints, and flooring products to specialized electrical plumbing, and supplies for contractors. Contractors account for 40% of income and the top products provided are lumber/wood and building materials. Revenues reached $1,510,481 in 2023 holding Discretionary Earnings of $153,823. Benefiting from multiple retailer networks, growth opportunities also exist with pet supplies, a garden center, and yarding equipment as profitable product lines. Powered by high visibility from a well-located shop, residential walk-ins for remodels and special, custom orders. Situated in North Central Iowa, 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, the property and 1.9 acres value up to $335K with excellent renovations including electrical and buildout upgrades from 2022. The seller will transition smoothly under current roles. A knowledgeable and long-standing team of five nonunion workers are likely to stay post-sale, with one key employee ready to train for an owner-absentee operation. With light marketing, new promotive efforts such as a developed website, more online engagement, and digital marketing would maximize client outreach. A large repeating customer base continues to offer a great referral system, positive ratings and a strong reputation. Through six decades the company has connected vendors with clients needing new projects, this listing has flexibilities for optimizations that don’t compromise profits, such as streamlining potentials and partnerships!

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:
$195,000 - included in the asking price
Lease asking price:
$695,500 - Furniture / Fixtures and Inventory / Stock included