True Value Building & Land Included

Not Disclosed, VA

Asking Price: Annual Revenue:
$995,000 $661,820

Retail: Hardware, Bldg. Materials, Garden Center

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RE: True Value Building & Land Included Broker: Richard K Halterman ll

Quick Facts

Asking Price: $995,000
Annual Revenue: $661,820
Net Profit: Not Disclosed
Cash Flow: $39,416
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: $795,000
Year Established: 1954
Employees: 12
BBN Listing #: 43064955
Broker Reference #: 2003-14506

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Business Overview:

The hardware store comes with not only a big showroom but ample space in and around the land that is owned by them to add a variety of other opportunities. Other than the existing hardware store, the facility is amply suited for other such drawing attractions as Christmas tree sales, farm related products, produce stands, flower, shrub and tree sales, farmers market and perhaps a line of small implements such as zero turn mowers, lawn mowers, weed eaters and the like. This location makes them a premier spot for convenience hardware as they have no competition within a 5 mile radius of the center of town and no competitors from the center of town and roughly 10 miles going west.

Existing ownership has grown weary in recent years and is more than ready to retire which also explains the drop in sales in recent years. New blood, new ideas and some energy would clearly bring this business back to life as it seemed to flourish in years gone by.

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Property Features and Assets:

This business covers half of a city block in faces one of the most heavily traveled roads where it resides. It not only includes a spacious showroom for hardware items but also has ancillary buildings that could be used for other purposes as explained previously. It operates out of a 12,300 square foot retail facility. The structure is a well-built commercial building with gas heat and central air. Located on roughly 1 acre in the middle of town with road frontage on 3 major streets. There is an additional 1,600 sq. ft. building on the property used as a warehouse. In addition to that there is a small storage building on-site making 3 total buildings on the 1.06-acre lot. This is a complete sale of plant, property and equipment. All shelving, copiers, electronic equipment, computers and forklift are included. Obviously building and land is part of this deal is well. Total Assets: $995,000

Market Competition and Expansion:

Other than a common business license required by the city, this business requires no specialized license with the state. As mentioned throughout, age of owners and lack of energy have contributed heavily to the dropping sales numbers. They are NOT representative of the potential in this land and building acquisition. Clearly, no one could start this business at a better price and have an existing customer base to go with it.

Reason for Selling:

Age and Retirement.

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 a franchise resale opportunity.

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