True Value Hardware Store With Rental

Business Overview:

Located in South Jersey, this is a busy True Value hardware store with substantial rental business. Cost of rental equipment is $687K and inventory is $500K, both included in the sale price. The business consists of a manager for the hardware store and a manager for the rental business as well as an additional 9 employees. The business is well-positioned to take advantage of growth opportunities.

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Property Features and Assets:

Monthly Rent: $13,067.00 Square Units (Foot, Meter): 11,200 Lease Expiration Date: May 30, 2028, 9:00:00 PM Terms Options: Additional 5 year option

Market Competition and Expansion:

There are several opportunities for growth of this business. True Value offers incentives to update and reset merchandising which the new owner can take advantage of. A local competitor in the rental business went into bankruptcy last summer and the rental business is experiencing a growth in this area too, with new customers placing orders for event products and rentals. Since 2018 the shopping center has had major face lifts and occupancy has increased to new highs resulting in more exposure to the business.

Reason for Selling:

Retiring

Additional Details:

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