Lumber Retailer & Building Components Manufacturer in Southwestern Ontario
In business for over 50 years, this business has been a fixture in its community, specializing in retail sales of top quality lumber and hardware, providing design services plus value-added B2B services as a building components manufacturer supplying contractors and a dealer network. The business has a loyal repeat customer base already in its third generation. Staff is highly trained and have an average tenure of over 15 years.
The sale of shares and related party debt at $2,195,000 includes all real estate, equipment and working capital of $750,000. Comprehensive training, if required, will be provided by the owners to ensure a smooth transition. The real estate, recently appraised at $1,275,000, includes well maintained structures and excellent heavy load surfaces on approximately three acres of land. The equipment includes all necessary rolling stock, both manual and automated CAD equipment, along with supporting software. The replacement value of equipment is $713,000. Vendor will provide a reasonable VTB.
This is an ideal opportunity for either a strategic industry buyer or a well-financed individual investor with experience in the retail lumber industry. This well-established, profitable business may also appeal to a buyer who has previous experience with pre-manufactured building components and who seeks to become an independent business owner.
Working capital (included): $750,000
Equipment and goodwill (included): $547,500
Asking price (business): $1,297,500
Real estate: $897,000
Asking price (business & real estate): $2,195,000
Seller’s Discretionary Earnings: $434,200
Normalized EBITDA: $376,000
For Further Information Please Contact:
Mike Evans Salesperson 519-673-2156 firstname.lastname@example.org
Rick Odegaard Broker of Record 519-854-4661 email@example.com
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