Asking Price: $239,900

Gross Revenue: $455,297

Cash Flow: $95,723

Inventory: $100,000 (Included in Asking Price)

FF&E: $50,000 (Included in Asking Price)

Seller Financing: Bank Financing available to qualified buyers

A well known and frequented local hardware store located in an increasingly upscale area just outside of Charlotte, NC. The big box stores allready came in here 5 years ago and the sales have actually gone up since that time. People love to come in and shop in this family friendly hardware store. An experienced
full time manager runs the store and the current owner likes to work there as well. There are 5 other employees so the business is well staffed.
The store has 5,000 square feet inside plus warehouse and storage space and has significant additional space on the side of the building that is covered as well as a very large back lot area. These areas can be used to add a lawn & garden center, or a plant nursery, or perhaps the latest rage....outdoor living!...Bar B Q's, stone fireplace sets, patio furniture, spas, etc.
The rent is an incredibly low $1,875 per month!
The sales price of $239,900 includes $100,000 of inventory and all the fixtures and equipment!

Year Established: 1977

Employees: 1 full time - 5 part time

Facilities: 5,000 square feet store plus warehouse & storage, plus large lot in back, plus side covered area. The lease is only $1,875 per month!!!

Market Outlook and Competition: This area is growing rapidly and much of this area is upscale expensive homes. People who live in them need help to upgrade, add & change things, and maintain their homes and they cannot find the help they need in a big box store. plus, the friendliness and down home feeling of a local hardware store is preferred by many people.

Management Training and Support: Owner will train and there is an experienced manager in the business.

Reason For Selling: Owner is retiring