Hardware and houseware 100 year history

Opelousas, LA
St. Landry Parish

Downtown


Asking Price: Annual Revenue:
$400,000 $575,000

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Hardware and houseware 100 year history Broker: David Kellenberger

Quick Facts

Asking Price: $400,000
Annual Revenue: $575,000
Net Profit: $1
Cash Flow: $1
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: $400,000
Year Established: 1900
Employees: 6
BBN Listing #: 103229905
Broker Reference #: Hardware O

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Business Overview:

This business has been a landmark and the go-to business for this community for 150 years! Great name and huge inventory of everything hardware and household related. Owners at retirement age and ready to give up the business for less than the value of the inventory and real estate. Antiques and history going back 150 years.

Competition with big box like Loes has resulted in declining sales and cash flow is only break-even but a new buyer with energy will add a POS system, expand lines, add rental, or use the large and nice building of 20,000 square feet for additional uses. Building alone may be worth the asking price but the price includes $200,000 worth of inventory! Buyer might add tractors, lawn mowers and equipment, Boats, ATVs, Cycles, or even used cars as there is space to expand. Consignment sales would be a great addition.

This is a piece of history in the area and a really good value for a new buyer with some ideas and energy.

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Property Features and Assets:

A full block downtown on the major street. Includes 20,000 square feet building with lots of display windows, warehouse, and a lot of additional land which would be used to add another building, storage buildings, rental equipment, etc. The building got a new roof recently for around $100,000 and the price for this to include this real estate is untouchable! Building would be great as a museum or event center or dance studio or gym should an owner decide to change course. Real estate sale will be handled through NAI Latter & Blum, Lafayette, LA

Market Competition and Expansion:

The problem is competition from Lowes, but the knowledge and service provided along with the diverse line of products makes this the go-to location for the community. Sales and inventory systems might be upgraded and additional lines or rental that don't directly compete with Walmart or Lowes could be added.

Reason for Selling:

Retiring

Additional Details:

  • 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.

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