Lumberyard & Hardware Store w/Real Estate

Not Disclosed, NC


Asking Price: Annual Revenue:
$1,650,000 $2,636,358

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Lumberyard & Hardware Store w/Real Estate Broker: Tony/Jarma Khoury
Owner Financing is Available!
$165,000.00

Quick Facts

Asking Price: $1,650,000
Annual Revenue: $2,636,358
Net Profit: Not Disclosed
Cash Flow: $205,377
Total Debt: Not Disclosed
FF&E: $236,063
Real Estate: Not Disclosed
Year Established: 1958
Employees: 13
BBN Listing #: 11358201
Broker Reference #: 13485-230882

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Business Overview:

This family-run lumberyard, hardware store and 14,500 square feet building has been an iconic landmark in the Southeast US for over 60 years.

Nestled in an historic rural community, this area of the country is experiencing explosive growth, as families from around the US are vacating highly populated areas, moving south and enjoying a 4-season climate, at an affordable cost of living.

Perfect add on business for a residential general contractor who would like to grow and/or a family who would like to own both a business and their own real estate.

This is a true family business as it was purchased by the seller's parents in 1958, and by 1980 three of their five children were working in the business. In the beginning this was a building supply store with very little hardware. Eventually they added hardware and mill work to become a full building supply/hardware store as well as a residential and commercial building company. The construction company was eventually closed, and concentration was focused solely on the hardware and lumber business. The Lumberyard was expanded, and a new store was built. After the passing of their parents, the seller along with her two other siblings stepped up into ownership roles, and have continued to run the fantastic business that they had grown up working in.

Within the same community, there exists and ACE hardware, as well as a Lowe's Home Improvement center.

The largest area of opportunity would be to capture more of the DIY business, in addition to the contractor business. Most attention has been towards bringing in contractors with a lot of repeat business. New owners might want to consider appealing more to local residents with DIY projects.

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Property Features and Assets:

Standalone hardware store, lumberyard with both warehouse and sheds to store product.

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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