Retail/Wholesale Paint Store in NY 28158

Not Disclosed, NY
Bronx County

Asking Price: Annual Revenue:
$189,000 $500,000

Retail: Home Improvement

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RE: Retail/Wholesale Paint Store in NY 28158 Broker: David Leventhal
Owner Financing is Available!
$135,000.00 Down & Finance balance of $54,000.

Quick Facts

Asking Price: $189,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 97794447
Broker Reference #: 28158

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Business Overview:

RETAIL/WHOLESALE PAINT STORE AND MORE: OWNER RETIRING. GROWTH WAITING. Neighborhood fixture, 87-year-old Bronx paint and hardware store near the Westchester border, with both a retail and wholesale following. Store does an even mix of walk-in and email sales, from individual customers to corporate, institutional and government clients, on paints and coatings, window treatments (a highly popular offering with particularly large margins), radiator covers, and much more. Although highly-successful throughout its history, the store has not been aggressively marketed in recent years. Enormous opportunities for future growth exist with the addition of an outside sales force to pursue the considerable potential for wholesale business in the Westchester area, plus many more counties, and ongoing telemarketing effort, direct mail advertising, a detailed catalog, an updated website, Sunday hours, etc. Another area for growth exists in sales across multiple categories. As an example, a paint purchaser in the midst of redecorating is often a prospect for window treatments and many other related products. Current owner plans to retire, but can stay on to train a new owner in all aspects of the business. An experienced, loyal staff of two-to-five, an inventory that averages about $100,000 and products that never go out of style increase the appeal of this unique opportunity. Total price is $189,000, with $135,000 down. Please contact the broker or email us for further information.

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Reason for Selling:

Selling due to personal matters.

Additional Details:

  • The property is owned.
  • The owner is not 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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