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Washington
This company is a wholesale provider of upscale commodity and building materials to luxury home developers and contractors. They specialize in windows, interior and exterior doors, cabinetry, finish hardware, specialty trim work, and plumbing fixtures. The business also offers design assistance and logistics management.
Their long-term customers are resistant to fluctuations in economic conditions since they are construction companies and manufacturers of luxury, new-build, single-family homes for affluent homebuyers with significant personal assets. The locale offers unique market conditions, such as the appeal of the climate, and the international allure of being a destination location for second homes, factors that help the housing market remain more stable in this state than in other markets. There is limited competition in this unique market area, and this business has the confidence of long-term, repeat customers and a solid reputation for providing high-quality products, reliable expert services, and logistics management that allows for just-in-time management for their customers.
The business has contracts in place with their largest, long-term customers who contract for building 15-20 houses at a time and remain under contract for materials for the entire period of time it takes to build and finish that number of houses. This ensures that the same aesthetic and finishes on homes are consistent throughout a new housing division. This business does not place orders for materials or incur any major expenses without having a contract in place, thus providing a lean operation with a good cash flow cycle. The company has long-standing relationships with its customers and regular repeat business.
The business has a 5-year lease and can remain in its prime location with easy interstate access, or it can be relocated. The owners are ready to begin their shift into retirement but are willing to make it a slow shift and remain on hand long-term to ensure a smooth and successful transition. The business is easily scalable, with opportunities to expand into new markets, increase sales and marketing efforts, add new product lines, and increase the staff from its current level of 5 full-time employees.
This is an established business. This is not a franchise or start-up opportunity.
NEXT STEPS: If you’re interested in this business, please fill out the contact form and we will email you an NDA to e-sign. Please look for an email with the subject “Morgan & Westfield – Building Materials Wholesaler to Contractors/Developers”. You can access more information on this business after e-signing our NDA.
Financial Information
Asking Price
$ 0
Gross Revenue
$ 7,129,040
Annual Cash Flow
$ 1,113,202
Seller Financing
Yes
Inventory
$ 200,000 - $ 600,000+ (varies based on project work)
Inventory Included in price
No
Business Information
Location
Washington
Real Estate
Leased
Home Based
No
Relocatable
Yes, anywhere on the West Coast (near Seattle, the Bay area, or Los Angeles)
Franchise
No
Employees
5 Full-Time | 0 Part-Time
Year Established
2013
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