Downtown Hardware Store With Real Estate

Thomasville, AL Clarke County

Asking Price: $525,000

Annual Revenue: $792,000

Retail: Hardware, Bldg. Materials, Garden Center

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Downtown Hardware Store with Real Estate

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RE: Downtown Hardware Store With Real Estate
Contact: Gene Townley

Owner Financing is Available!

Quick Facts

	Asking Price:	$525,000
	Annual Revenue:	$792,000
	Net Profit:	Not Disclosed
	Cash Flow:	$90,000
	Total Debt:	Not Disclosed
	FF&E:	$375,000
	Real Estate:	$275,000
	Year Established:	1986
	Employees:	3
	BBN Listing #:	900663250
	Broker Reference #:	1-31

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Business Overview:

Real Estate and Inventory is Valued More Than Asking
This business has been in the family for 2 generations. Lots of hard work has built this business. The owner says it is time to retire. Buy a business that is a staple to the community. They sell tools, hardware, plants, paint, grills and smokers, outdoor items, lawn and garden, building supplies, lumber, plumbing, electrical, and hvac. They are open 6 days a week and have an amazing following in the community. There is room for growth and improvements. The name brand supplier will participate in an upgrade at 50%.

FFE: $50,000
Inventory: $325,000
Land: $275,000

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Property Features and Assets:

This building is 2 story and has a gift shop upstairs that comes with the business. The tax value of the real estate which is normally low is $275,000. Wholesale inventory is currently $325,000. Business can sell with or without real estate. Supplier has program to participate with new owner to bring the store up to 2022 and will share 50 % of the cost.

Market Competition and Expansion:

Current owner doesn't even have a website for the business. There is a lot of growth that can be achieved by a presence on the web.

Reason for Selling:

Retirement

Additional Details:

The property is owned.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is a franchise resale opportunity

Relevant Links:

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