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Price Reduced - This lumberyard offers the opportunity to buy a stable and growing business that generates a high income. Over the past 3 years, the business has averaged $8,850,000 in revenues and $792,000 in owner’s cash flow. This business has served the area where it is located for decades and is known by customers for its attention to customer service. In addition to buying the business, the real estate is also available for sale.
The building industry has been strong and is expected to continue to grow. This business had its best year in 2020 and strong sales are expected to continue in 2021. The company serves a wide customer base that includes contractors, homeowners, businesses, and movie sets in the Greater Boston and New Hampshire regions.
For this business, the owner requires us to get verification from buyers that they have the funds necessary for a typical down payment to finance the purchase of the business. The amount of money we are asking buyers to verify is $400,000. If you are interested in also purchasing the real estate, the down payment requested is $600,000. Please attach copies of bank, stock, or mutual fund account statements showing that you have at least this amount available. After we receive this, we can send you the full report about the business.
The owners are actively involved in the management of the business. In addition to the owners, the company employs a number of full-time employees including a sales manager. The employees are responsible for counter sales, yard work, and delivery. An admin handles payables and receivables. Most have been with the business for over 10 years.
The business is located in an urban area. The property is under an acre and includes 3 buildings. The property, buildings, and related equipment are in good condition. Due to the size of the property, the business turns over its inventory frequently. This property would work well for another lumberyard to use with its primary location elsewhere.
Real Estate Price: $1,300,000
With more marketing and sales and a larger facility, the growth potential is excellent.
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