Business Summary:
After decades as the owner of this successful West Michigan distributor of specialty lumber, windows, doors, and log home products, the founder is thinking retirement.
With a solid gross margin approaching 30% on sales exceeding $2.0 million, this business cash flows nearly $200,000. Serving a very broad base of customers, the company derives 30% of its revenue from out of state sales, and the largest customer accounts for less than 5% of revenues. The business operates with a small but efficient group of employees including three experienced salesmen with over 40 combined years of tenure with the company. An outstanding and busy website in conjunction with the experienced and sophisticated sales staff insures a steady flow of customer activity.
The business is located in a series of attractive, interesting buildings, warehouses, and yards located on three acres and comprising 17,000 total square feet. The total real estate package is owned by the seller and leased to the business for $8000 monthly which is a competitive 4.5% of sales. In addition, the business has an excellent and high visibility road frontage on a major expressway. The business has the signage rights for its land along the expressway.
The business is being offered for $650,000 which includes $170,000 of inventory. Also included are assets with a cost basis of $175,000, of which over $100,000 represents trucks, trailers, fork lifts, and a variety of woodworking equipment. For an enthusiastic though undercapitalized buyer, meaningful seller paper could be available. For more information on this outstanding business opportunity, please call Mike Greengard (616-450-0707) or Ken George (616-648-1132).
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