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Wholesaler For Sale - Maryland, MD |
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| PROFILE: Specialized, Non-Residential Lumber / Building Materials Wholesaler. |
| Status: |
Off The Market |
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| State: |
Maryland |
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| Location: |
Maryland |
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| County: |
None Given |
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| City: |
None Given |
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| Primary Category: |
Wholesale/Distribution |
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| Alternate Category: |
None Given |
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| Asking Price: |
$1,600,000 |
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| Down Payment: |
Call/Email |
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| Annual Revenue: |
$4,145,578 |
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| Annual Adjusted Net: |
$608,699 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: Located In Central Maryland, This Longstanding, Very Profitable Company Is A Building Materials, Lumber, Plywood And Hardware Wholesaler Specializing In The Sale Of Quality, Hard To Find Sizes And Grades Of Lumber And Plywood. The Business Caters To The Best Non-Residential Commercial Contractors And A Number Of Industrial Customers In The Greater Washington – Baltimore Region Extending From Northern Virginia To Southern Pennsylvania. Its Customers Value The Quality Of The Products, The Number Of Hard-To-Find Products In Stock And The Knowledge And Service Of Its Employees. The Company’s Market Area Is Nearly Recession Proof And Is Expected To Continue Its Long Term Growth. The Metropolitan Area Of Washington Is The Fourth Largest In The Country And Leads All The Major Metropolitan Areas Over The Last 5 Years In Employment Growth. In Addition, The Recommendations Of The Department Of Defense Base Realignment And Closure Commission (Brac) Will Generate An Additional 40-60,000 High Paying Defense And Contractor Jobs In Maryland Over The Next 4 Years On Top Of The Underlying Growth Rate. After Growing Both Its Top And Bottom Line In The Boom Years Of 2004 & 2005, The Company Sales Contracted And Then Stabilized In Line With The Overall Demand For Building Materials – With Some Of The Decline Due Pricing And Some Due To Volume. Fiscal 2007 Is Projected To Be Very Similar To 2006. However, Due To Its Market Niche, The Company Has Maintained Both Its Gross And Net Margins. The Company Does No Marketing Or Outside Selling And The Current Owner Has Not Been At All Aggressive In Courting New Business Due To His Desire To Retire.
Facilities: Company Operates From A One Acre Property With About 15,000 Sq Ft Of Combined Office And Warehouse Space In A Central Location Convenient To Suppliers, Customers And Interstate Highways. Facility Is Leased From An Entity Controlled By The Business Owner And The Property Is Not Included In The Business Sale But Is Available For Lease Or Sale. An Acre Of Adjacent Property Is Also Available.
Reason For Sale: Owner Is Ready To Retire After 45+ Years In The Industry. He Will Stay As Long As Needed For An Orderly Transition But Would Rather Leave As Soon As This Is Accomplished. The Owner Will Entertain Offers Of Varying Financial And Legal Structures And Each Will Be Evaluated On It Own Merits And In Relation To Other Offers. Seller Financing Is Possible For A Qualified Buyer. |
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