Building Materials and Hardware Stores
Independent Coastal Supplier of Diverse Workspace and Storage Solutions
Listing ID: WORKSPACE1
Annual Sales: $1,141,933
Seller Discretionary Earnings: $206,648
Year Established: 2006
Days & Hours of Operation: M – F 8 – 5. Showroom by Appointment
Reason For Sale: True Retirement
Listing Status: New
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. Additional residential product offerings include 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 derives a portion of revenue acting as a supplier and distributor of industry related products. The business has exclusive distribution/sales rights in certain markets.
The unique product mix, vendor redundancy, distribution capabilities, installation and service lines provide the owners a diverse, high-margin income stream.
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 & 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.
Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Principal Broker – Raleigh, NC
Office: (919) 341-1100
Cell: (919) 624-1124
Contact Listing Broker
Real Estate Transaction Handled by
2009 Caminos Drive, Raleigh, NC 27607Real estate agent's disclosure Form
Location: Coastal North Carolina
Facilities Type: Commercial Center
Monthly Rent: $1,500
Building Square Feet: 1,500
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.
Full-time Employees: 5
Support & 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 & Training:Seller will provide 80 hours of transition assistance included in the purchase price.