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.
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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.