Business For Sale

Business Overview:

REDUCED FROM $400,000 TO $275,000 (OBO). This business was started over 17 years ago (in a rural area), as a convenience store with a few household necessities. Today, the population has grown and diversified with the addition of new subdivisions, schools and the expansion of a regional airport. The little convenience store has expanded into a full blown hardware store (only one around for 12+ miles). They prepared for the areas growth by applying for a development plan several years ago. The development plan has finally been approved that allows for the construction of a 7,200 sq. ft. building. During this waiting period the owners were contemplating expanding the business or selling it. NOW, they have chosen to let the new owner decide when they chose to take it to the next level. The sales price has been slashed to motivate buyers who are fearful of the economy, fearful of success (be safe continue to work for someone else), and fearful of making a decision to be there own boss. Yes. We have had wonderful buyers who wanted this business, but could not qualify for a loan for one reason or another. Or, raise the money for a down payment where the seller would feel comfortable in carrying the paper. Consider this picture of the lowered sales price, for an existing business, that is associated with a hardware association for purchasing inventory, automated systems (from inventory control, to ordering inventory to point of sale terminals), security cameras, and QuickBooks for up to date financials. There is no blue sky listed. The sellers have chosen to sell at a much reduced price. They feel they can move back to Wisconsin and also buy or build at a much reduced price. Net income for the period January through November 2009 is up over $3,000 for the same period last year. Tax returns and current profit and loss statements are available for the buyer with a signed confidentially agreement.

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 approximately 1 acre that is fenced and has security cameras. The hardware business is currently housed in a single building with protected storage facilities for large items (plywood, cement, pipe, steel, etc) outside. The business has expanded to include rental equipment, propane, and related hardware and lumber products that include cement blocks etc. There is ample parking in the front with an alley to accommodate large delivery trucks. Support/Training: The seller will provide training and support for a period of 30 days.

Market Competition and Expansion:

Competition: Their business has grown to the point they have chosen to sell rather than expand to meet the growing needs of the area. The nearest hardware store is over 12 miles away. They buy from a hardware supply company and use an automated ordering system that is connected to their financial accounting and inventory program. They also use a point of sale to tie into the QuickBooks accounting program. Their inventory is balanced between what is on hand to what the customers want. Growth/Expansion: The owners have spent over $25,000 to have plans drawn and finally approved for future expansion that will include a 7,200 square foot building. The current facility is projected to be turned into a garden shop with the hardware business to be moved into the new building. Call for additional information and an architect{s drawing of the new site.

Reason for Selling:

Retiring & moving to WI.

Additional Details:

Resources: