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- RE: Long Established Rural Hardware Store (RE Avail.)
- Contact: Michael Whitesel
Quick Facts
Asking Price: | $400,000 | |
Annual Revenue: | $656,974 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $117,945 | |
Total Debt: | Not Disclosed | |
FF&E: | $85,055 | |
Real Estate: | Not Disclosed | |
Year Established: | 1925 | |
Employees: | 3 | |
BBN Listing #: | 936245 | |
Broker Reference #: | 59071-449200 |
Business Overview:
A wonderful rural community retail store selling hardware, building materials and more. The business has been in the same family since the 1970s. Inventory cost of ~$186,000 (subject to change) not included in price. Buildings and land priced separately at $1,397,700. The lumberyard part of the business has been around the small rural Washington town going back over 100 years. The owner’s parents purchased the business in the 1970s. Moving from the city, they came across the hardware store and decided that was it and ran it until the late 1990s. The current owners moved back to the area in the early 1990s, and worked there for about 7 years before purchasing the business in 1998. This hardware store has been a successful community fixture for many decades. It is the only hardware store in the county and there are no other hardware retailers within 30 minutes. Beyond the typical ups and downs of the economy, the business has built a foundation on exceptional customer service. Customers are pleased that they can come in and be helped personally in contrast to the big box stores like Lowe's or Home Depot. There are opportunities to increase revenue.
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Reason for Selling:
retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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