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Hardware Store: Retail of Lumber & Building Supplies

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Virginia |  Home and Garden  – Hardware and DIY Retailing |  Retail Stores  – Other Retail Stores

Asking Price:
 Not Disclosed
Gross Revenue:
$5,000,000
Cash Flow:
$517,000
Inventory:
$683,000
included in asking price

FF&E:
$250,000
included in asking price

Real Estate:
$2,000,000
not included in asking price

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Business Description

This fine retail building supply business was
founded by the current owner in 1999 and has
been serving their regional area with pride and a
great reputation ever since. After years of hard work
and loyal customers standing true throughout the
years, the current owners are ready to retire and
see a new owner take this hardware store to the
next level. This Virginia based company offers a
new owner growing sales, expanding customer
base and an excellent location just to mention a
few. This business for sale maintains an extensive
base of accounts in their city and surrounding
communities. This is a fantastic opportunity to buy
and own a solid cash flow business that is located
in a high traffic location.
This fine building supply business services
contractors, residential home owners, business
owners, schools and manufacturers. They can
deliver supplies to a 50 to 100 mile radius! Name,
recognition, reputation, profitability, established
patronage, growth capabilities, diversity, location,
and priced to sell all of these attributes make this
offering a sound venture for the fortunate party who
acquires it. This Virginia based business for sale
takes pride in their work and it shows in the way the
store is maintained as well as the quality service
that continues to bring customers in again and
again. Call today for all the great details!
The gross percentages towards the primary
business activities are as follows: lumber and
building supplies are 60%, paint & brushes are
10%, hardware 10%, mulch, stone & gravel 10%,
and plumbing supplies and misc are 10%.
Inventory, equipment, vehicles are included in the
sale.

About the Business

Year Established:
1999
Number of Employees:
20ft
Facilities:
The building is 15,000 sq ft and located on 3+acres of land.
The retail area is 7500 sq ft, the office is 200 sq ft and the
shop is 7,500 sq ft. There is a separate building in front that is
1200 sq ft. A newer storage area of 1200 sq ft and a place for
storage of lumber, plywood, sheet rock and etc is 12,000 sq
ft. A 135 ft long, 20 ft tall lumber rack is also a recent addition
to the property. Property owned with option to purchase at $2
Million.
Market Outlook/
Competition:
To grow, expand and increase profits, a new owner could add
lawn care products and plants, storage buildings and sheds
for retail sale. Also, a new owner could easily expand
business hours. The possibilities are endless for a creative
buyer. With some local competition, this fine retail establishment is
located in an excellent, convenient location for it's customers.
They have expanded their product line and yard and offers
the customers good service and a clean and neat area to
shop in.

About the Sale

Reason For Selling:
Approaching retirement
Training/Support:
Owner will stay on for a smooth transition and if new owner
wants, will stay longer in a consultative position. Key
employees will most likely stay on after the sale.
Cash Flow Comments:
EBITDA: $417,000
Seller Financing:
Current owner would prefer no financing or very little.

Listing Info

BizQuest Listing ID:
1102892
Ad Detail Views:
962

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Business Listed by
Jason Hullender
IAG

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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. See our full Terms & Conditions.