Established Neighborhood Hardware Store and Equipment Rental Company

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Asking Price:
$355,000

Gross Revenue:
$575,000
Cash Flow:
 Not Disclosed
EBITDA:
$76,600
Inventory:
$205,000
included in asking price

FF&E:
$150,000
included in asking price

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Business Description

This business is a retail hardware store established in the neighborhood since 1926. The client base is very loyal, sales are increasing, and store longevity has been proven for over 90 years. Approximately 18% of revenue is comprised of equipment rental and other ancillary services. Included in the offering is a second business with an online presence and an established base of commercial clients. The secondary business operates out the hardware store location and offers the potential for significant growth.

About the Business

Year Established:
1926
Number of Employees:
7
Real Estate:
Leased
Facilities:
The store operates in a leased location from the previous owner. The store has a footprint of 6,450 square feet, including two 900 square foot back rooms and a 4,500 square foot basement. There is a 5 year option to extend beginning in 2020 and is assignable.
Growth & Expansion:
New owner can extend hours, increase advertising, target additional commercial accounts, grow online presence of add-on company, and add additional ancillary services.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will fully train new owner.
Seller Financing:
Seller will finance a portion of the sale

Listing Info

ID:
1517850
Ad Detail Views:
784

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Business Listed by

Mac Thelen

Opportunities In Business

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Sponsoring Broker:

Thomas Green
Opportunities In Business
License# 102872

U.S. Census Data for Dakota, Hennepin, Ramsey and Washington Counties, MN
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Dakota, Hennepin, Ramsey and Washington Counties, MN
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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