Two Nationally Branded Retail Hardware Stores

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$1,100,000 $2,297,305

Retail: Hardware, Bldg. Materials, Garden Center

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RE: Two Nationally Branded Retail Hardware Stores Broker: Dale Armor

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $2,297,305
Net Profit: Not Disclosed
Cash Flow: $199,642
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1966
Employees: 18
BBN Listing #: 483811185
Broker Reference #: 170-18552

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Business Overview:

Two Nationally branded retail stores each respectively established 50+/- years. The Seller wishes to be a seasonal resident & is opening another of the same Stores out of State, opening the door for this fantastic opportunity. Each location is fully staffed with managers in place & well tenured employees. Profitability can vary depending on Owner's chosen level of involvement. Owner Benefit assumes a full time Owner/Operator shown with a $40,000 adjustment under "Other". Excellent P.O.S. system tracks sales, inventory, re-order points, cost, margins & much more. Top level Co-Op program provides plenty of support & pays Dividends of approximately $45,000+/- per year. The Co-Op also compensates Members with cumulative restricted stock shown on the Balance Sheet. Clean books & records from a high level accountant that include separate P&L's for each store. This is a really excellent legacy opportunity to acquire a stable, proven business while enjoying life in beautiful Martin County, FL.

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Property Features and Assets:

Inventory: $700,000 (included in the asking price). Lease/Month: $19,968. Square Footage: 16,000. Building Type: Retail Plazas. Terms & Options: Negotiable with Landlord. Expiration Date: 6/30/2021. Leasehold: $20,000

Reason for Selling:

Pursuing Other Business Interests Out of State.

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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