Business for Sale Overview:
This business is a local, community store for a widely recognized and well-respected, national provider of home appliances, tools and lawn and garden equipment. The business was established in January 2008, experienced a good first year, and is seeing increasing sales despite the current economy. This Hometown Store allows the owner to sell everything that a large retailer can but in a smaller space and without the huge financial burden of the cost of inventory. The store serves one of the most rapidly expanding communities in the Triangle area and is poised for continued significant growth in the near term. With the business located on one of the most highly traveled highways in the Triangle, not only is it is an excellent location for exposure to this growing community, but it is also a convenient location for neighboring residences (some 20,000 of them in a 10-mile radius) to drop off product for service, when needed.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business is located on a major thoroughfare in a 4,800 square feet retail space and comes completely furnished and set-up for daily operations. Inventory is owned and provided by the major provider. The owner spent almost $70,000 to establish the business and it would take almost $90,000 to do this now. The title to the fixtures and office equipment will convey with the business. The company owns a security system, several pieces of material handling equipment, and a store full of racks, shelving and displays.
Market Competition and Expansion:
With the evolution of ‘super stores’ such as Lowes and Home Depot, most local stores are being pushed aside. And so with it goes the intimate service that consumers have received for decades. However, with the strength and backing of this large national retailer, this Hometown Store offers the variety, quality and competitive pricing of the larger stores but with the personal service that is missing from these mega stores. One of the best parts about this company is its fantastic outlook. This area of Johnston County continues to rapidly grow and much more growth is in the planning stages. The corporate retailer for this business knows this and conducts aggressive advertising and marketing campaigns on behalf of their local stores. This is a Huge benefit to a local store owner. As a result of the growing market and the ad campaigns by corporate, this business could easily triple its revenues with very little increased overhead. The outlook for this business is Tremendous!
Reason for Selling:
Health reasons and retirement
Additional Details:
- The property is leased.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.