NOT DISCLOSED, Utah
| Asking Price |
$3,595,000 |
Year Established |
1914 |
|
| Annual Revenue |
$2,863,581 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$1,174,783 |
Attention |
Kathy Sturzenegger |
|
| Annual Cash Flow |
$349,167 |
Listing Number |
1015587 |
|
| # of Employees |
13 |
Business Category |
Retail: General Merchandise - Retail |
|
Business Overview:
This iconic local business presents a rare opportunity to acquire a long-established specialty retailer together with its owner-user real estate in a growing Northern Utah market. Founded in 1914, the business has built a loyal customer base and a strong reputation as a destination for hardware, farm and ranch supplies, western wear, outdoor products, housewares, toys, lawn and garden products, and other hard-to-find merchandise.
Highlights
- Over 100 years of operating history and brand recognition
- Approximately $3.1 million historical annual revenue (three-year average)
- Roughly 26,000 square feet of retail and storage space
- Established supplier and buying-group relationships supporting purchasing power and inventory access
- Diversified product mix serving agricultural, rural lifestyle, home improvement, and recreational customers
- Significant potential upside through ecommerce, digital marketing, email marketing and social media, which remain largely undeveloped
- Additional upside through stronger category management, merchandising, and operating efficiencies
The business is ideally suited for an owner-operator, strategic acquirer, regional retailer, or investor seeking a stable operating platform with real estate ownership, a loyal customer base, and meaningful growth opportunities. Ownership is pursuing a retirement transition.
Property Features and Assets:
<p>The company operates from approximately 26,000 square feet of retail and storage facilities located in a highly visible downtown location. The property includes the primary retail store and supporting storage buildings, creating operational efficiencies and providing inventory capacity that would be difficult to replicate today.<br></p>
Market Competition and Expansion:
<p>The business has a long history and reputation as a one-stop retail destination offering a broad mix of products. The company differentiates itself through:</p><ul><li>Guaranteed value pricing supported by national buying-group affiliations</li><li>Strong local reputation and customer loyalty</li><li>Broad inventory unavailable through many competitors</li><li>Personalized service and project support</li><li>Convenience and accessibility for local consumers</li></ul><p>While national retailers may offer greater scale and distribution capabilities, the company's community relationships, product diversity, and customer-focused approach provide a durable competitive advantage.<br></p><p>Opportunities for growth include:</p><ul><li>Expand ecommerce and digital marketing</li><li>Increase engagement with younger consumer demographics</li><li>Develop community events, loyalty programs, and branded merchandise</li><li>Broaden regional market penetration through targeted marketing efforts</li></ul>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity