Business Category: Building Materials, Hardware, Garden, Durable Goods, Home Furniture & Furnishings, Miscellaneous Retail, and Wholesale & Distribution Businesses
City/Region: Ogemaw County
Listing Price: $185,000
Cash Flow: $160,421
Equipment Value: $100,000
This Company was established 70 years ago as a wholesale distributor to the plumbing and heating industry. 14 years ago, the Company expanded its business into the retail market by opening a kitchen and bath showroom focusing on cabinetry, countertops and plumbing fixtures.
The current ownership, desirous of slowing down, recognizes that it is time to pass the torch to a more energetic entrepreneur(s) who can take the business further into the internet world yet still retain a connection to the needs of the “hands-on” tradespeople and retail clients.
The real estate is owned and available for sale with the business.
Opportunities For Growth:
(1) Ambitious Owner/Operator: The current owner believes that the most important element for growth at the Company is an energetic individual(s) with the ambition and energy to reach new markets and consumers.
(2) Expansion of Product Lines: Adding additional home improvement product lines, such as, flooring, furniture, paint, doors, trim and more could expand the Company’s capabilities.
(3) Internet Marketing: Improving the Company’s web presence, advertising online, and perhaps selling products over the internet may be well worth investing in.
(4) Contract with the State: Ownership believes there is a good opportunity to pursue contractual revenue with the state and secure sales far into the future.
(1) Excellent Facility: The Company’s facilities are in perfect condition and designed precisely for its current use. Excellent infrastructure and money saving LED lighting are highly valuable.
(2) Great Location: The region has a great history, wonderful people, beautiful farms, lakes and rolling hills. The current owners feel honored that they can live and work in such an idyllic area. Both owners truly enjoy operating the business and interacting with their clientele. If it weren’t for their age, they would happily continue owning and operating the Company.
Real Estate Value: $790,000
Real Estate Available: For sale
Reason For Sale: Retirement
Number of Employees: 6