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High End Construction Material Supplier

Location: Wilmington, NC

ID: (#200769)

200769
Price:$980,000
Revenue:$1,600,000
Cash Flow:$280,000
FF&E (Assets):$40,000
Inventory:$90,000
Real Estate:$0

Overview

This is a very well established retailer of high-end construction material that serves mostly architects and contractors who are looking for top-quality material for commercial and residential construction.

Lots of recurring clients in and around Wilmington. No GC license or specific experience in construction required to operate this business. Seller will train buyer to acquire the needed procurement know-how and to successfully continue all vendor and customer relations.

Possibility to employ an operations manager and either run the business absentee-owner or focus on business development and expand the client base and the geographic footprint.

Growth potential also through marketing or employing outside sales staff. Currently no marketing or sales efforts are made, all business is by word of mouth or recognition.

The success of this business is not tied to the current construction boom since the product portfolio targets primarily high net worth customers.

2021 Q1 Revenue: $550,000

*Images are stock photos and do not reflect the actual business or product line.

Details

Reason for Selling:

Retirement

Established:

2001

Employees:

2

Furniture, Fixtures, and Equipment (FF&E):

Forklift and company truck. The dollar amount listed is estimated fair market value and is included in the asking price.

Inventory:

Inventory not included in asking price. Approx. $ 90,000, actual value will be assessed at closing and sold separately at cost.

Competition:

Very limited competition. Market is continuously growing.

Opportunities for Growth:

The current owner does not do any advertising or marketing, lots of room to grow business with marketing efforts, hiring sales staff or expanding the service area.

Support and Training

The current owner is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486