Description

Established Builder’s Supply Company

Established in 1990, this outstanding and successful building products supply company has been the go-to place for home remodelers, contractors and do – it yourselfers for over 26 years. It provides quality cabinets (both kitchen and bathroom), windows, interior and exterior doors, mill work, stair systems, closet systems, and hardware. It also does quality professional pre-finishing of the products. For over 26 years it has focused on the single family home remodeler and do-it yourselfer. The business has only recently ventured out to work in the commercial side with apartment and condo projects– this will greatly increase the revenues and profits. The new owner could also bring in developers with large single family plats they are building. The business primarily focuses on Snohomish County; however the new owner could expand the services to King and Skagit Counties. The current owner bought this business in 2012, but unfortunately, had no experience in this type of business. Due to his lack of knowledge and contacts in this field he has not maximized the potential of this well known and respected company. He has relied upon the company’s reputation and customer base to keep the revenues flowing. There has been minimal advertising and promotion and the company does not even have an active website, yet it produces over $3.5 million in revenues. This is a gold mine waiting for the right prospector to find it.
The business occupies over 22,000 square feet in two separate buildings. One building houses the show room and about 6,000 square feet of office space and the other building houses the pre-finishing and mill work areas of the business. The base monthly rent will be $18,000 plus NNN charges of approximately $2,000 per month. The lease will be for 5 years with a 5 year option to extend.
There are several other millwork and cabinet/door companies in the Everett area – but none with the longevity and the customer following of this company. The company has a solid reputation for quality service, consistent high quality product, and fair pricing. This company, because of its size and volume, can be more responsive to a customer’s needs and time frame. This separates it from its competitors.
The business has only recently ventured out to work in the commercial side with apartment and condo projects– this will greatly increase the revenues and profits. This area could be expanded to a much greater degree. The new owner could also bring in developers with large single family plats they are building. The business primarily focuses on Snohomish County; however the new owner could expand the services to King and Skagit Counties. The current business does not utilize social media to any great extent and the new owner could easily gain more recognition and customers from beefing up the social media. This well established company only needs someone who is familiar with this type of business to maximize its potential and growth.
The Seller is selling due to not knowing this business well enough to expand the company. He feels that someone with knowledge in this field could take this company to the next level.
The Seller will provide 2 weeks of onsite training on the day to operation of the business, operation of the machinery, and introduction to vendors.
Windows, doors, cabinets, kitchen remodeling, bathroom remodeling, remodeling, millwork, distributor, construction, construction supplies, rem

Posted Apr 7, 2016

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