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RE:  Neighborhood Hardware Store W/ Lumber Yard Contact:  Bobbi Coffey
Owner Financing is Available!
Owner Terms:$50,000.00 Interest:10% Term Months:18

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $174,000
Total Debt: Not Disclosed
FF&E: 150,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 11
BBN Listing #: 266144107
Broker Reference #: 76931-920675

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Business Overview:

HUGE POTENTIAL. There is room on the property to expand the lumber portion, or add on other construction related components lacking in the area.

Real estate is required to be sold in addition to the business. List price for real estate is an additional $1,550,000. Business will be cash only; bank lending accepted for real estate component (non-SBA).

This neighborhood hardware store has been existence for 50 years with no immediate competition in the area. It currently operates under a branded co-op relationship. There is opportunity to either

1) retain existing co-op relationship or
2) convert to another hardware partnership / co-op or franchise, or
3) run an independent operation.

The sellers are beyond retirement age and are ready to move on to the next phase of life. Business listing price is LESS THAN INVENTORY AT COST, but besides inventory, a buyer will receive a turnkey, operating, profitable business with employees, reputation, charge accounts, convenience and goodwill. Plenty of opportunity to freshen the place up and attract even higher revenues by targeting the market demand in this rural area.

Sellers data indicates an approx. annual owner benefit of $170,000. Industry multiples range from 3 to 3.5x SDE, plus inventory - this is priced to sell! ONLY CASH BUYERS for the business. The business is not eligible for bank financing - no buyer seeking a loan for the business will be considered. The real estate, however, is lendable and will support an appraisal.

The Real Estate, in addition to the business, is $1.550M. Sellers are not interested in being landlords - only buyers for both the business and real estate will be considered. The real estate consists of five existing congruent parcels and encompass the entire block except for one small section (non owned - residential) for a total of /- 1.58 acres. The business is operating on the front street facing section (5 separate structures, including a 14,400 SF building), and there is ample space for expansion of existing operations or addition of expanded services or product lines on the rear of the property that is mostly under utilized.

Revenues are about $1.5M annually. An experienced, multi-hardware owner could substantially increase that and drive traffic. Located in a growing area, limited restrictions. The potential is there for the right buyer.

Some seller financing towards the business may be available, depending on buyer qualifications.

Contact BOBBI COFFEY at Transworld Business Advisors of Houston 832-481-4406.

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Property Features and Assets:

Facilities:1.578 Acres including 3 buildings - 60x80 Metal Buildings and attached lumber yard owned by Seller. FF&E Overview: New office / breakroom section built out in 2021 at cost of over $30k and POS implemented in March, 2021, also $30k.

Market Competition and Expansion:

There is no competition in at least a 5-7 mile radius. In early 2021 a new point of sale system was installed as well as a new interior office space and breakroom was 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, nationwide advertising and growth plans.

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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