Wholesale Retail Paint Store Contractors Heaven High Margins For Sale

Business description

Please contact Rick Carlson of Ace Business Brokers for more details.

Summary Description

90% of sales comes from contractors, 10% from the general public. Has seen a decline in sales from building boom obviously, so this business is tied to the economy more so than others. Offers terms to customers of Net 30-60 with the average client paying Net 45. Assumable $90,000 loan paid at $2,000 per month will be transferred to the buyer and the purchase price has been discounted accordingly because the Seller would sell for $399 less and transfer the obligation to the Buyer. Average busy summer months are $70-$80k last 2 slow years, and slow winter is around $40k. Owner works about 60 hours a week, the wife works about 40 hours per week doing admin tasks such as billing and payroll. In a huge 10,500 square foot space, but did not need all of it so he subleases 4,000 and keeps the rest for the operation. NDA is required for exact business address.

General Information

Facilities: Street front warehouse.

Competition: Has been established for 8 years, steady clientele. Under-utilized space, could offer flooring, or other related home-improvement sundries etc...

Growth and Expansion: Huge space, 25 foot ceilings. Not at capacity by any means.

Support/Training: 2 weeks 40 hours.

Reason Selling: Retirement.

Year Established: 2003

Employees: 1 FT

Furniture, Fixtures & Equipment: 25,000

Inventory: 60,000 (included in price)

Property information

Real Estate:

Lease