Business For Sale

Independent Benjamin Moore Retail Store For Sale

Not Disclosed, CT
Hartford County

Excellent Central Location


Asking Price: Annual Revenue:
$335,000 $697,705

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Independent Benjamin Moore Retail Store For Sale Broker: David Richman

Quick Facts

Asking Price: $335,000
Annual Revenue: $697,705
Net Profit: Not Disclosed
Cash Flow: $133,605
Total Debt: Not Disclosed
FF&E: $172,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 1
BBN Listing #: 478154665
Broker Reference #: CT-26

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Business Overview:

Richman Business Brokerage is exclusively representing an independently owned Benjamin Moore paint store centrally located in Hartford County. The business is an exclusive Benjamin Moore dealer. Benjamin Moore is an industry trendsetter with products that use their proprietary colorants and exclusive resins. The high-quality paints are only available at independently owned paint and hardware stores which limits competition for this business. Local professional painters, designers, and home owners return to this store because of the expertise of the owner and the exceptional service. The customer base is 80% residential customers, and 20% are commercial accounts. The stable business opened in 1978 in its currently location, a 2,500 sq.ft. street-front store in a full retail strip mall in a busy shopping district. To obtain new customers the store relies only on word-of-mouth referrals, national marketing and brand exposure from Benjamin Moore, and engages with the local community through charitable sponsorships. The business is successful with its current model, however a growth opportunity exists for a buyer who develops a successful marketing campaign. In addition to paint and supplies, the store also sells wallpaper and supplies needed for its application. This is a great opportunity for a buyer looking for an established and profitable business with a great reputation.

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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.

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