Seller Financing
Asking Price
$625,000
Gross Revenue
Not Disclosed
Cash Flow
Not Disclosed
Overview
Business
Description
OPPORTUNITY:
Harris Siding & Supply is a 40 year old siding and building supply business that is winding down its operations. Currently, approximately $45,000 remains in inventory and the business is still operating - albeit a scaled back version. However, the business and the warehouse are for sale. If a buyer simply desires the warehouse, then the inventory can be removed and sold offsite.
Currently the equipment is included in the asking price below. This equipment includes, among other items:
1. Heavy Duty Industrial Shelving
2. Forklift - $8,500 Fair Market Value (included)
3. ’05 Box Truck - $17,900 Fair Market Value (included)
A detailed Equipment list will be provided upon disclosure. The warehouse vitals are:
a. +/- 16,975 square feet
b. Zoned Commercial / Industrial
c. 0.8 +/- acres of land
ASKING PRICE
$625,000
Real Estate = $625,000
Equipment = $95, 725 (included in Asking Price)
Growth Prospects
Depending on a buyer's anticipated usage. The business had a six-figure cash flow two years ago and has been VERY profitable over the last four decades. The business could be acquired and kick started back very easily.
The warehouse can be leased back to a tenant. The cap rate for the building is 10%. There is a high demand for commercial/industrial warehouse space and this fits the bill.
A buyer can utilize the space to relocate an existing business or asset.
Sale
Reason for Selling
Seller wishes to retire.
Training/Support
Not applicable. There is approximately $45,000 of difficult to sell inventory which can be moved off-site and sold if the warehouse is acquired.
Premises
Facilities
Square Footage = ~16,975
Lot Size = 0.8 acres (34,879 sf)
Commercial/Industrial Warehouse
Class C Building
The building was constructed in 1963 and purchased by the current owners in 1993. The concrete block constructed building sits on a concrete slab at the back of the fenced-in lot.
The front of the building features three overhead/drive-in doors, two of which are 12x14 and a third that is 10x10. The building interior is divided into 3 sections, and supported by an attractive standing-seam metal roof installed in 2016. The entire warehouse is in very good condition and very clean.
The current owner maintains the property with excellent care and attention to detail. In August of 2021 a new HVAC unit was installed by Seaton Heating & Air. In addition, new wiring and breakers were installed making the building more energy efficient moving forward.
There is also as second building on the property used purely for storage of pallets, an automobile, and other items. This goes with the property, and can be used for storage, etc.
Location
North Little Rock, AR
Contact The Seller
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