MergerPlace

Lumber Company and Hardware Store

South Dakota


  • Asking Price: $599,000
  • Gross Income: $1,382,770
  • Cash Flow: $126,712
  • Real Estate: $95,000
  • Inventory: $389,904
  • FF&E: $100,000
  • Listing ID: #202923
  • Established: 1880
  • Employees: 4 FT/1 PT

Business Description

This very well established one hundred year old business, is a lumber yard and nationally branded hardware store all in one. It serves a very loyal customer base and has been in operation at the same location for over one hundred years in SE South Dakota. This family owned business serves the community with a full range of building and hardware products. As a member of a national hardware store chain, it can deliver a full-line of hardware products in store or online. The company has a complete line of building materials and is capable of furnishing the materials needed for most any building project.


Business Details

Primary Business Category: Retail Trade - Building Material, Hardware & Garden
Location: South Dakota

Company Information

Year Established: 1880
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/1 PT

Financial Information

Asking Price: $599,000
Gross Revenue: $1,382,770
Cash Flow: $126,712
FF&E: $100,000
Inventory: $389,904
Real Estate: $95,000
Seller Financing Available: No

Property Information

Facilities:

The business has two main structures. One for the retail store and one for the cold storage of the lumber yard materials.

Growth & expansion opportunities:

A better in depth online presence with innovative marketing strategies, coupled with an energetic hard working attitude, would most certainly bring in additional revenues.

Competition:

There is always competition, but this business has been successfully operated for the past thirty years by the current owner. They deliver easy convenience, great customer service with outstanding value. This business remains competitive with the big box stores because of its memberships in national buying groups and small town customer service.

Reason for selling:

Owner(s) would like to retire.

Support & Training:

Will train for 4 weeks @ no cost. The new owner should have some building trades knowledge and be dedicated to good customer service. The seller will introduce the new buyer to the area's local contractors to ensure a smooth transition. No licenses other than the standard sales and payroll tax permits are required.

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Business Listed By:

Calvin Breske

Murphy Business Brokers