Owner Financing is Available
Business for Sale Overview:
This business is a local Sears Hometown store providing home appliances, tools and lawn and garden equipment. This store, established in early 2008, experienced a good first year, and showed growth of almost 15% during the second year despite a tough economy. This year has seen even more growth and the store is expected to finish strong financially with the addition of a Budget Truck Rental agreement that is adding to the store’s bottom line. 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 and other overhead. The store serves one of the most rapidly expanding counties and communities in North Carolina and is poised for continued significant growth.
Having strength and support from Sears, this Hometown Store offers the variety, quality and competitive pricing of larger retailers but with the personal service that is missing from these mega stores. There are currently no other similar stores within a 10-mile radius filling a void in the market. With the area growing as it is, the future for this business is very bright.
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:
This business is located on a major thoroughfare in a 4800 sq ft retail space and comes completely furnished for daily operations. Inventory is owned and provided by Sears. The owner spent almost $70K to establish the business and it would take nearly $90K to do this now. All 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, etc.
Market Competition and Expansion:
This business has done well and has a FANTASTIC outlook. Again, the area continues to rapidly grow and much more growth is currently planned. Sears knows this and conducts aggressive marketing on behalf of their local stores to capitalize on that market. This is a HUGE benefit to a local store owner. As a result of the growing market and the ad campaigns by Sears, this business could easily double revenues with very little increased overhead. Again, the outlook 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.