Highest member rebate
Do it Best Corp. proudly returns the highest, most consistent shareholder rebate to the members of our co-op. Our dedicated efforts make this high rebate possible:
- Low cost of operations
- High employee productivity
- No national advertising costs
- Efficient distribution systems
- A corporate culture that values member growth
Last year’s rebate, in excess of $105 million, was the largest member rebate paid in the industry! The portion of our rebate paid out in cash was also the highest at $83.6 million, which represented almost 80% of our total member rebate!
The year end rebate isn’t the only benefit from joining Do it Best Corp. We offer a 2% cash discount on all retail service center invoices. This is money that will go back to your bottom line every week.
| Member Rebate |
$105,793,000 |
$69,854,000 |
$57,108,000 |
|---|
Rebate Percent of Total Sales |
4.5% |
2.0% |
3.2% |
|---|
| Cash Portion of Rebate |
$83,600,000 |
$28,514,000 |
$23,391,000 |
|---|
Lowest operating overhead
With an operating overhead of only 2.55%, Do it Best Corp. continuously maintains the lowest cost of operations in the industry. We work hard to keep expenses low so we can provide our members with the industry’s highest rebate. We’ve kept our operating overhead below 3% for more than a decade!
Our employees play a major role in successfully keeping our overhead costs down. Our entire staff is dedicated to helping our members grow their business. Our sales per employee – more than $1.7 million – is by far the highest in the industry. When you call or visit with a member of our team, you can expect the most dedicated, responsive, and well-trained staff in the industry. Just another way we live out our philosophy of serving others like we would want to be served.
Our operating overhead is further reduced because we carry no long-term debt. Our members are not burdened with interest payments from prior spending. We completely own and operate our modern distribution centers and our corporate headquarters.
Operating Expense |
2.55% |
9.66% |
8.32% |
|---|
| Sales per Employee |
$1,731,320 |
$706,146 |
$601,339 |
|---|
No long term debt
We chose long ago not tie our members down to millions of dollars of loans and interest payments to banks. We believe our member’s investment should go towards products, programs, and services that will help them grow. We take the interest payments most co-ops pay to banks and return it to our members in the form of an industry-leading year-end rebate.
| Total Bank Debt |
$0 |
$319 million |
$137 million |
|---|
| Interest Expense |
$0 |
$35 million |
$7.5 million |
|---|
Consistent sales growth
The number one goal at Do it Best Corp. is to help our members grow. And we’ve been achieving consistent growth for decades. We are the second largest co-op in the industry with 4,000 members across the United States and 47 countries.
| Net Revenue |
$2,328,626,000 |
$3,530,731,000 |
$1,804,018,000 |
|---|
Low up-front pricing
Our low up-front pricing is a key building block to our members’ success. We have more than 100 merchandise team members in our hardware, lumber, and building material departments working to ensure our members continue to enjoy the lowest up-front pricing available. Joining Do it Best Corp. means joining a buying group with more than $4 billion in buying power, assuring you the competitive pricing you deserve.
Do it Best Corp. also offers many other buying advantages. We offer a 2% cash discount on every warehouse invoice. This is money that goes straight to your bottom line every week. Our year-end rebate, which correlates to your purchases, is the highest and most consistent in the industry.
Do it Best Corp. members enjoy a significant advantage on drop ship purchases. We have negotiated zero-adders with thousands of national vendors. And we pass on all vendor discounts and extended terms offered by vendors to our members.
Our large assortment of private label and global sourced merchandise is exclusive to your store and delivers strong margins while offering the quality your customers expect. Our exclusive Channellock partnership offers your store products with a nationally renowned name that no other store – big box or independent – has access to.
We deliver many buying opportunities that offer great margins for your store. Our May and October markets offer the best deals of the year. During our Friday Night Sneak Peek® at each market, selected vendors offer their best specials on high-margin products designed to drive traffic to your store. Our promotional pricing is available on all products to members who participate in our flexible advertising program. Our eFLASH℠ program provides a one-stop location for merchandising, including monthly specials, power aisle displays, end caps, pallet specials, vendor POP displays, and so much more.
We are glad to offer price comparisons to those who may be buying through another co-op or distributor. These comparisons show the cost advantage our members receive by utilizing our low up-front pricing, cash discount, and industry-leading year-end rebate.