Owner Financing is Available!
A significant presence in town for over 85 years, this affiliate of one of the major hardware cooperatives has operated under the direct leadership of the Sellers for 21 years. Management: Sales revenues have increased in 16 of 18 years since 1994, and gross margins have averaged 40.5%. A net profit was realized each year. 2012 sales average was $102,603.00 per month. Inventory is managed to fit the well-defined seasonal pattern. Revenue history: $1,231,241 (2011), $1,240,753 (2010), $1,143,084 (2009), $1,114,108 (2008), $1,110,607 (2007). Staffing: 3 seasoned department managers who handle scheduling (HR), operations/inventory, and receiving/stocking. Their efforts are complemented by nine professional sales associates. Benefits for full-time employees are health insurance (75% company paid), vacation, sick leave, paid holidays, and store discounts.
Operating departments: builder's hardware, building specialties, tools, plumbing & heating, electrical supplies, automotive, housewares, electronics, lawn & garden, paint, outdoor living, giftware & souvenirs, toys, holiday, home/office supplies and retail shipping.
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:
Facilities: Facilities include approx. 13,000 sq.ft. in the midst of town. Significant physical assets include large windows for displays, original display fixtures from previous businesses, ample well-lighted retail and storage space, basement receiving area, upstairs employee kitchen/break room, rear entrance and dedicated parking. Traffic count is 16,000 cars/day. Real Estate available at current appraisal at time of sale.
Market Competition and Expansion:
Competition: A major hardware/general store business presence in the center of town characterized by competitive pricing, exceptional customer service, long-term employees and ample inventory. Marketing strategy: catering to 3 primary customer groups: local residents, part-time (summer) residents, and a sizable tourist group. Big box retailers Lowes and Home Depot are a 20 minute commute. There is one other smaller hardware retailer within 5 miles, with limited inventory and service. Growth/Expansion: 1. Ample room for expansion in easily accessible second floor and basement space. 2. Increasing the web presence for additional internet business. 3. Increased social media-based promotions. 4. Expansion of business to additional satellite locations.
Reason for Selling:
- 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.