Well Known Profitable Hardware Business
New Jersey (Bergen County)
Home and Garden - Hardware and DIY Retailing  |  Wholesale and Distribution - Wholesale and Distributors
Asking Price:   $250,000Inventory:   $200,000 **
Gross Revenue:   $700,000Real Estate:   n/a
Cash Flow:   $149,000FF&E:   $25,000 ++
++ included in the asking price         ** not included in the asking price
This hardware business has been flourishing for 28 years and is part of one of the well know hardware cooperatives. The present owner is absentee and lives 800 miles away. The present manager has been with the business for 20 years and would like to stay on. The seller's cash flow is separate from what the manager gets paid. 85% of business is commercial which is why it closes each day at 5:00pm.. Its customer base is loyal due to the large variety of inventory and friendly service. This hardware business also has a lucrative window screen repair service. The present owner owns the real estate and is willing to give a long term lease to a buyer.
About the Business
Year Established:1980
Employees:2 full time - 1 part time
Facilities:6000 sq ft. (4000 sq ft. retail / 2000 sq ft. warehouse) on high traffic road.
Market Outlook and Competition:No other hardware store in same town. Due to variety of inventory and service competes very well with big box retailers.
About the Sale
Management Training and Support:2 weeks
Reason For Selling:Retirement

KEYWORDS: hardware, cash, retail, absentee, building, construction, repair, equipment, tools, wholesale, ace, true value


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Business Listed By
Howard Greenberg  |  AJR Business Advisors
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