Wholesale/Retail Building Materials Supplier in North Baltimore

Listing Number: 76551-518634

Description

This 25+ year-old wholesale products company in the flooring space benefits from steady growth, stagnant competition, and specialized product lines purchased directly from manufacturers. Customers include flooring contractors, general contractors, and property owners for both residential and commercial construction and remodeling. Mark-up on most of this product is around 145% and customers can pick-up or have delivered to their location. New owner does not necessarily need any industry experience to run this business, the secret-sauce can be learned in a short amount of time.

Covid update, with the exception of the screeching halt that happened in March-April, business is back on track as usual. As of August, wood supply is short, but prices and margins are higher.

•100-150 customers
•Competition is sparse and spread out. Home Depot does not carry this high-end materials. 4-5 competitors are spread out throughout Maryland.
•7 employees- easy to manage. 3 are FT delivery drivers.
•Long-term lease available with good terms at $6,500 per month. Property consists of office, showroom, and warehouse.
•Owner selling because he and wife want to retire and relocate. Willing to train at no additional cost- only takes a couple weeks.

Listing Details

• Price: DH 750,000
• Down Payment: --
• Sellers Discretionary Earnings: DH 153,000
• Total Sales: DH 1,471,000
• Location: Baltimore County, Maryland


• Inventory: DH 250,000
• FF&E: DH 100,000
• Employees:
• Reason for Selling: Owner Retiring
• Category: Building Materials,Flooring,Distribution