50-Yr Established Hardware Store w/ Lumber Yard

Not Disclosed, TX
Galveston County


Asking Price: Annual Revenue:
$1,308,000 $1,429,123

Retail: Hardware, Bldg. Materials, Garden Center


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RE: 50-Yr Established Hardware Store w/ Lumber Yard Broker: Bobbi Coffey
Owner Financing is Available!
$500,000.00

Quick Facts

Asking Price: $1,308,000
Annual Revenue: $1,429,123
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 11
BBN Listing #: 266144107
Broker Reference #: 76931-920675

Email or Print Listing

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Business Overview:

Established in 1972, this family-owned hardware business will celebrate 50 years next year. After operating independently its initial decade, they joined the largest hardware co-op / franchise system in the world in 1984, which has consistently been in the Top 10 of Franchise Time’s Franchises of the year, most notably reaching #4 just this year. This partnership immediately led to expansion which ultimately resulted in over 14,000 Square Feet between store and lumberyard.

This neighborhood supply store has been a staple in its community and is located on the main strip, on almost 1.6 acres of property available for an additional $1,990,000. Its customers are made up of local and neighboring residents, tradesman, builders, and commercial, including B2B accounts.

In addition to the existing leaseholds and FFE that will transfer with the business, a new office space was recently built out ($30,000+) and a new POS system implemented earlier this year ($30,000) to modernize and prepare for the future. This business is ready to be refreshed and introduce new offerings relevant to the growth and coastal location of the community. Cash buyers only for the business. Partial seller financing will be considered.

Listing price was determined using a percentage of annualized sales, plus invnentory.

Contact BOBBI COFFEY at Transworld Business Advisors of Houston.

Opened in 1972, this family-owned business has been a community staple, providing all the hardware needs of their customers for 50 years. By 1983 they added two 60x80 metal buildings followed by an attached lumber yard and currently operate out of 14,400 Square Feet. They joined a franchise co-op in 1984 which offers oustanding support yet allows for individual independence.

There is no competition in at least a 5-7 mile radius.

This year a new, point of sale system was installed as well as a new interior office space and breakroom has been built out, both in anticipation of preparing for sale. Otherwise, this business has operated much the same as what mom and dad handed down. As such there are opportunities to refresh product lines, update the presentation of the business and modernize the property to take full advantage of the surrounding commercial and residential customer base that continues to grow well above the national average. The franchisor also offers excellent support in both product/sales development and growth plans.

1.578 Acres including 2 - 60x80 Metal Buildings and attached lumber yard owned by Seller.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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