Hardware, Home Improvement, Tire and Auto Services

Not Disclosed, NC


Asking Price: Annual Revenue:
$1,475,000 $2,091,715

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Hardware, Home Improvement, Tire and Auto Services Broker: Tully Ryan
Owner Financing is Available!
$147,500 down/ $221,250 over 120 mos. @ 5.25%/ Other Financing.

Quick Facts

Asking Price: $1,475,000
Annual Revenue: $2,091,715
Net Profit: Not Disclosed
Cash Flow: $469,834
Total Debt: Not Disclosed
FF&E: $155,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 8
BBN Listing #: 66564955
Broker Reference #: 1206-16406

Email or Print Listing

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Business Overview:

Great opportunity to own a multi-generational business that began in 1980 in its existing location. This hardware, home improvement, tire, and auto services store has withstood the test of time and continues growing serving its rural Eastern North Carolina community. The customer base is extremely loyal with shopping local rather than frequenting the big box stores located more than 30 miles away. Multiple revenue streams from hardware, tools and equipment, plumbing fixtures and fittings, electrical supplies, paint, lawn and gardening products which include power equipment, housewares, pet products, and appliance sales.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

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Property Features and Assets:

The main store is in a strip shopping center and is supported by two buildings used for warehousing and storage and a stand-alone 4 bay auto service center. The Company leases approximately 12,882 square feet of retail space, which includes the main retail store (7,170 square feet) the tire and auto service center (4,066 square feet). There are two warehouses and a mower workshop that supports the operations (6,261 square feet). The Lease will run the length of the 10-year Loan. Assets = $705,000.

Market Competition and Expansion:

The company faces the normal competitors: Home Depot and Lowe's, Independent Hardware, Appliances, Home and Gardening Stores, E-Commerce, and Mail Order. Store profits are expected to increase marginally over the next five years as continued demand for products, equipment and services and overall economic recovery from the pandemic. The new owner will likely adapt by further expanding product offerings, develop product niches but generally rely on marginal growth in demand to generate revenue.

Reason for Selling:

Retirement.

Additional Details:

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

Relevant Links:

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