High Cashflow Lake Area Hardware &Lumber Store2753

Not Disclosed, TX Freestone County

Asking Price: $2,200,000

Annual Revenue: $2,404,953

Retail: Hardware, Bldg. Materials, Garden Center

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High Cashflow Lake Area Hardware &Lumber Store2753

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RE: High Cashflow Lake Area Hardware &Lumber Store2753
Contact: Office Manager

Quick Facts

	Asking Price:	$2,200,000
	Annual Revenue:	$2,404,953
	Net Profit:	$619
	Cash Flow:	$619,143
	Total Debt:	Not Disclosed
	FF&E:	$160,000
	Real Estate:	$400,000
	Year Established:	1986
	Employees:	6
	BBN Listing #:	185232042
	Broker Reference #:	2753

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Business Overview:

The owner runs a semi-absentee very popular and profitable, full-service hardware and lumber business that has been highly reliable for customers in and around a thriving lake-bound community for over 30 years. Cash flow is upward trending and 2022 adjusted seller discretionary earnings are approximately $620,000 and 2023 is projected to be approximately $730,000! In addition, approximately $550,000 of inventory is included in the price. This includes lumber, hardware, fasteners, paint, supplies, plumbing, electrical, lawn and garden as well as hand and power tools and various stone. FF&E is close to $100,000 which includes trucks, forklifts, security systems, POS systems, and more. Also included in this valuable business is close to 2 acres of prime land which has two buildings with a living quarter and a parking lot all in very good condition. Located within a few hundred yards of a thriving lake community where many of the owners purchase lumber and hardware as well and home builders purchase many products for new builds/remodels. It has been the go-to business for thousands of quality products, reliable service, and expert advice. A new savvy owner can add an online presence.

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Property Features and Assets:

Real Estate is for sale with the business. The close-to-two-acre land sits close to a thriving lake community with multiple buildings and a parking lot. All are in very good condition with little to no capital expenditures needed. The main building downstairs is approximately 4800 sq ft and an upstairs living quarter with multiple bedrooms, a bathroom, and a full kitchen which is 1500 sq ft. The seller completed construction of a new building in May of this year which spans 1200 sq ft , 2 rollup doors and a pedestrian door.

Market Competition and Expansion:

Business is well established and offers a large inventory of hardware and lumber as well as offers accessible expert advice from their knowledgeable staff to keep them a favorite for local customers. There are a couple of chain stores within 25 to 30 miles, but the level of service and variety of inventory items keeps them busy and strong. This lake is one of the largest in the state of Texas, with a large migration moving to town.

Additional Details:

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

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