Home Town Hardware Store - Maine Lake Region
| Asking Price: | $700,000 | Inventory: | $470,000 ** |
| Gross Revenue: | $1,550,000 | Real Estate: | $430,000 ++ |
| Cash Flow: | $228,000 | FF&E: | $125,000 ++ |
| ++ included in the asking price ** not included in the asking price |
Join the folks who have discovered this scenic gem located in a quintessential New England town and experience low crime, no traffic, plenty of fresh air and the chance to enjoy life at its best! If you are ready to leave the rat race behind then this is small town living at its best, yet it is located in the center of a thriving four season recreational area.
A true neighborhood hardware store, and so much more! This business has been serving the needs of the local population for over 50 years and is the center of town activity. It is also a well established building materials dealer and home center which has differentiated itself from others by focusing on convenience and a high level of customer service. This excellent reputation is evident in its loyal customers and high 90% repeat business. The Company has demonstrated the ability to grow exponentially while providing the owners with the flexibility to enjoy the lifestyle and amenities of living in a four season recreational area.
About the Business
Year Established:1960
Employees:4 full time - 6 part time
Facilities:Modern equipment and facility well suited to business. Includes hardware store with office and showroom, and several out buildings used to house building supplies. 3 acre parcel. 5900 sq. ft. showroom, 11,000 sq. ft. storage building.
Market Outlook and Competition:Company maintains a competitive advantage by focusing on providing superior service at reasonable prices. Serves Do-It-Yourself market while also addressing the local building contractor. Many of the competitors tend to focus on either the retail Do-It-Yourself market or large building contractors. This business has achieved a solid balance of business with both target markets. Company focused on service and has developed reputation for the most knowledgeable sales staff in the area selling the highest quality products.
Long history of successful operations, the company has grown significantly in a short period of time. Well positioned for continued growth due to the unique nature of its market, its location, and seasonal housing stock. A new owner should consider adding to or supplementing a number of merchandise categories.
About the Sale
Reason For Selling:To pursue other interests.
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