Resort Retail & Service Business, Cash Flow $250,000
| Asking Price: | $610,000 | Inventory: | $475,000 ** |
| Gross Revenue: | $2,800,000 | Real Estate: | $600,000 ++ |
| Cash Flow: | $250,000 | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price |
This growing, profitable Ace hardware and home center is situated in 4-season, Vermont resort. Sales are growing will reach $2.7 million this year, and will generate an operating profit of $250,000 to the owner. The expansion into kitchens is growing quickly and will enable the business to expand into broader geographic territory. The business has been will priced at its asset value to enable the owner to pursue his other interests.
About the Business
Year Established:1910
Employees:9 full time - 1 part time
Facilities:The business is located in a 12,000 sq. ft building which is include in the sale. The business occupies 10,000 sq. ft, and 2,000 sq. ft is leased. In addition, there is about 9,000 sq. ft of warehouse and lumber storage, all on 3.41 acres. The store is well organized with traditional fixtures. Various vehicles and equipment are included.
Market Outlook and Competition:There are competing businesses in the immediate area as well as the region. One building supply business which sells hardware is a few miles away, and there is another hardware/variety business. There are other building supply businesses in the region.Revenue grew by 17% last year, and year to date financials indicate the business is growing by another 20%.
Continuing to expand the kitchen and millwork (doors and windows) trade, modernizing and expanding the store into the space leased as a professional office (May 2011), adding a tool and equipment rental department, making the business more female friendly and possibly extending hours slightly will all enhance the business.
About the Sale
Management Training and Support:Seller will provide training, and as the hardware store, is in the “Ace” system, “Ace” provides excellent training in many aspects of operating this type of business.
Reason For Selling:The owner recently sold his propane company, and the sale of this business will enable him to pursue other interests.
Seller Financing:Will consider financing a portion of the transaction as necessary.
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