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Business Listed by

Sunbelt West Virginia & Western Maryland

Contact: Maxwell Knapp
Office Phone: 304-276-1880
Mobile Phone: 304-531-1014
Listing ID: WESTOWV001-N73

Building Supply and Home Center, with $550K Included

Financial Information

  • Asking Price: $1,050,000
  • Gross Revenue: $3,198,500
  • Cash Flow: $245,000
  • Down Payment: $525,000
  • FF&E (Included): $400,000
  • Inventory: $550,000
  • Financing: Yes

Business Location

  • Mercer
  • Confidential
  • West Virginia
Primary Business Category:

A very well respected business that has remained profitable through very challenging economic times, This business is expected to continue to serve the community, providing a gainful living for its employees and return a handsome profit for the new owners. This is being offered at a very reasonable price and terms for the owner/operator who can take the next step to manage and grow the business into the future.


Competition Description

This business has coexisted with big box retailers located outside of town for several years. This business has not only survived but has thrived by working closely with contractors and providing exceptionally knowledgeable customer service.


Growth / Expansion overview

Opportunity to expand in other location as well as opportunity to carry addition products in current location. Owner feels that building supply segment can grow with a more aggressive marketing campaign. The ownership by one family for multiple generations has resulted in a great deal of history, goodwill and nostalgia. Many traditional practices are expected to change with new ownership in the future.


Support / Training Comments

Seller is willing to remain for three months as needed, to help train and assist new owner to assure a smooth transition. The seller also has a very well trained and experienced staff that will be available to work with the new owner.


Financing Comments

Seller or Third Party Financing available for a qualified buyer


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1907
  • Franchise: No
  • Year Acquired: 1907
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $500,000
  • Real Estate Asking: $500,000
  • Days Open: Monday-Saturday
  • Hours Open: M-F 7:30- 5:00, Sat 8-12
  • Fulltime Employees: 13
  • Part time Employees: 12
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 70,000 sq ft
  • Parking: Street or back lot
  • Monthly Rent: $4,500
  • Lease Expires: 12/31/2024
  • Lease Terms: Available for lease or purchase

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