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Listed by:

Business Inquiry

Broker license number: 6505363968

Well-Established Lumber/Hardware Dealer In Upper Michigan For Sale

Michigan, US
Asking Price:
$1,300,000
Sales Revenue:
$1M - $5M
Cash Flow:
$250K - $500K

This Company has provided hardware, lumber, and other building materials supply to do-it-yourselfers and contractors in the upper peninsula of Michigan for 40 years. It features a full-service hardware store, lumberyard, and overhead door offerings. Its large and stable base of customers value the Company for its excellent service, quality and thoroughness, and the combination of the three divisions benefit the Company as a whole. The Company presents a geographic growth opportunity for a buyer interested in taking over an established, successful business in an underserved region of the state. The Company currently has day-to-day management in place, and owners are willing to assist buyers through a short transition period.

The real estate is available as part of the sale but is not included in the asking price.

Property Information

Real Estate:

Real Property Included

Location:

Chippewa County in the Upper Penninsula of Michigan

Premises Details:

The facility, which has been the Company’s home for 40 years, consists of two buildings. The main building has about 24,000 square feet of floor space, about 7,500 square feet of loft and another 1,000 square feet of tool storage.

Size in square feet:
24,000

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Room to grow – The business is operating at less than full capacity, and its current facilities could handle additional sales volume.

Additional marketing – Current efforts are focused primarily on newspaper and radio advertising and the Company’s website.

Reasons for selling:

Retirement

Trading hours:

Mon-Fri: 7a-5p
Sat: 8a-12p

Employees:
16
Years established:
43

Other Information

Support & training:

The Owners are willing to stay on for a period of time to assist the new owners with the transition.

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

The sellers are willing to provide minimal seller financing

Related Documents:

Listed by

Business Inquiry

Broker license number: 6505363968