Business for Sale Overview:
This growing, profitable Ace hardware and home center is situated in 4-season, Vermont resort. Sales are growing will reach $2.7 million this year, and will generate an operating profit of $250,000 to the owner. The expansion into kitchens is growing quickly and will enable the business to expand into broader geographic territory. The business has been will priced at its asset value to enable the owner to pursue his other interests.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is located in a 12,000 sq. ft. building which is included in the sale. The business occupies 10,000 sq. ft, and 2,000 sq. ft is leased. In addition, there is about 9,000 sq. ft. of warehouse and lumber storage, all on 3.41 acres. The store is well organized with traditional fixtures. Various vehicles and equipment are included.
Market Competition and Expansion:
There are competing businesses in the immediate area as well as the region. One building supply business which sells hardware is a few miles away, and there is another hardware/variety business. There are other building supply businesses in the region.Revenue grew by 17% last year, and year to date financials indicate the business is growing by another 20%.
Continuing to expand the kitchen and mill work (doors and windows) trade, modernizing and expanding the store into the space leased as a professional office (May 2011), adding a tool and equipment rental department, making the business more female friendly and possibly extending hours slightly will all enhance the business.
Reason for Selling:
To pursue other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: