Independent Coastal Supplier of Diverse Workspace and Storage Solutions

Summary Information

Internal ID:
Price:
Total Sales:

FF&E:
Inventory:

Industry:
Year Established:

Franchise:
Days and Hours of Operation:
Reason for Sale:
Listing Status:

WORKSPACE1

$645,000

$1,141,933

$110,073
$33,992

Building Materials and Hardware Stores
2006

No
M – F 8 – 5. Showroom by Appointment
True Retirement
Active

Summary

Description:

This business provides a wide range of high quality storage, organizational, and workspace solutions to both residential and commercial clients locally as well as nationally and online. The owners have built a large clientele including federal / state government and local municipalities, medical/hospital/research labs, industrial, manufacturing sectors including new floor marking signage for pandemic era social distancing. The business also provides a range of applications for residential garages (including workshops), home office spaces, attics, sheds, laundry/mudrooms and closets. Another residential product category offered to residential clients are fixed and retractable screens, shades and awnings. Not only does the business sell stock, semi-stock and fully custom cabinets, work surfaces and shelving they also install the highest quality epoxy floor coating solutions in hundreds of different colors and textures. The business is a supplier and distributor of industry related products, for some of which they hold an protected territory. The unique product mix, vendor redundancy, distribution capabilities, installation and service lines provides the owners a diverse, high-margin income stream.
Inventory value as of 11-16-2021

Historical Summary:

The business was founded in 2006 by a husband and wife team who are ready to retire.

Competition:

This business provides a complimentary range of products, installation and service that is difficult to match which has resulted in sales to clients across the country. A true "one stop shop" for most projects short only of electrical and plumbing when required.

Growth and Expansion:

The business is well positioned for growth having the tools/equipment and tow vehicle/trailer to double capacity. A new energetic owner could choose to increase the number of products even further, undertake marketing in a larger geographic area, and/or increase participation in tradeshows and home shows. The new owner could also open a retail showroom location selling accessories and complete installations direct to consumer.

Location

Location:
Real-Estate:
Facilities Type:

Monthly Rent:
Building Square Feet:
Facilities Description:

Coastal North Carolina
Leased
Commercial Center

$1,500
1500

The business operates out of leased commercial space with good signage and frontage on a major thoroughfare with adequate parking. Within the facility are multiple showrooms that display many of the available products, colors and finishes available. There is also a workshop and warehouse for staging and preparing jobs for delivery and installation. Seller is currently in a month to month lease.

Support and Training

Owner qualifications:

Buyer should possess general business skills and be comfortable with basic design and installation techniques. Familiarity with general accounting, marketing, human resources, client management and sales a plus or can be hired in.

Support and Training:

Seller will provide 80 hours of transition assistance included in the purchase price

Seller Financing

Seller Financing:

Yes, Seller will provide lender required financing no more than 10%

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: WORKSPACE1
Price: $645,000
Total Sales: $1,141,933

FF&E: $110,073
Inventory: $33,992

Industry: Building Materials and Hardware Stores
Year Established: 2006

Franchise: No
Days and Hours of Operation: M – F 8 – 5. Showroom by Appointment
Reason for Sale: True Retirement
Listing Status: Active

Summary

Description:

This business provides a wide range of high quality storage, organizational, and workspace solutions to both residential and commercial clients locally as well as nationally and online. The owners have built a large clientele including federal / state government and local municipalities, medical/hospital/research labs, industrial, manufacturing sectors including new floor marking signage for pandemic era social distancing. The business also provides a range of applications for residential garages (including workshops), home office spaces, attics, sheds, laundry/mudrooms and closets. Another residential product category offered to residential clients are fixed and retractable screens, shades and awnings. Not only does the business sell stock, semi-stock and fully custom cabinets, work surfaces and shelving they also install the highest quality epoxy floor coating solutions in hundreds of different colors and textures. The business is a supplier and distributor of industry related products, for some of which they hold an protected territory. The unique product mix, vendor redundancy, distribution capabilities, installation and service lines provides the owners a diverse, high-margin income stream.
Inventory value as of 11-16-2021


Historical Summary:

The business was founded in 2006 by a husband and wife team who are ready to retire.

Competition:

This business provides a complimentary range of products, installation and service that is difficult to match which has resulted in sales to clients across the country. A true "one stop shop" for most projects short only of electrical and plumbing when required.


Growth and Expansion:

The business is well positioned for growth having the tools/equipment and tow vehicle/trailer to double capacity. A new energetic owner could choose to increase the number of products even further, undertake marketing in a larger geographic area, and/or increase participation in tradeshows and home shows. The new owner could also open a retail showroom location selling accessories and complete installations direct to consumer.

Location

Location: Coastal North Carolina
Real-Estate: Leased
Facilities Type: Commercial Center

Monthly Rent: $1,500
Building Square Feet: 1500
Facilities Description:

The business operates out of leased commercial space with good signage and frontage on a major thoroughfare with adequate parking. Within the facility are multiple showrooms that display many of the available products, colors and finishes available. There is also a workshop and warehouse for staging and preparing jobs for delivery and installation. Seller is currently in a month to month lease.

Support and Training

Owner qualifications:

Buyer should possess general business skills and be comfortable with basic design and installation techniques. Familiarity with general accounting, marketing, human resources, client management and sales a plus or can be hired in.


Support and Training: Seller will provide 80 hours of transition assistance included in the purchase price

Seller Financing

Seller Financing: Yes, Seller will provide lender required financing no more than 10%

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607