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Outstanding Hardware Store
| Asking Price: | $795,000 | Inventory: | $400,000 ++ |
| Gross Revenue: | $1,051,200 | Real Estate: | $1,700,000 ** |
| Cash Flow: | $159,000 | FF&E: | $40,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This very profitable business is one of thousands of nationally owned and investor owned cooperative stores in Southern California. There is virtually no competition and this store has professional managers and staff in place allowing the owner to be away frequently. Current owner purchased the business and property 12 years ago and is ready to relocate and retire. This well maintained store consistently receives high marks from company headquarters. It is located in a very desirable neighborhood community with no big box stores nearby. It is known to have everything for the community and local contractors with a $400,000 inventory. A new owner could easily add a rental department to increase revenues. Historical profits for the past 12 years are solid and verifiable. All prospective buyers must first be approved by the cooperative and be able to provide the ability to purchase the business prior to a review of the financials by the broker. The 10,000 square foot building can be leased or purchased.
About the Business
Year Established:1996
Employees:7 full time - 2 part time
Facilities:10,000 sq. ft. with 9,000 of selling space
Market Outlook and Competition:City is expanding and there is no other competition for dozens of miles.
About the Sale
Management Training and Support:Owner will assist for one month as needed
Reason For Selling:Retirement
Seller Financing:Seller will finance up to 30% to qualified buyer.
KEYWORDS: hardware, franchise, san diego,
Sell Your Business | This listing has been viewed 622 times
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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