Asking Price: $295,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $60,000 included in asking priceFF&E: $15,000 included in asking priceReal Estate: $390,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Offered is one of the oldest and best known hardware and lumberyard businesses in the region. Closed due to the passing away of the owner, and no available successors in the family, this business has been closed for almost a year. The prime real estate that comes with it, presents a wonderful opportunity to someone who is business savvy to come in and revitalize the business and enjoy financial rewards.
The seller would love to see the business reopened and in capable hands. The possibilities to create several streams of income from one property are plentiful. As an example, a new owner could reopen the hardware or other business in the one section of the building, rent the other (separate storefront) side to another business, and lease the expansive indoor lumber storage to a third party for additional income. There is also a bonus apartment upstairs on one side of the building
This listing includes all inventory remaining at the time of transfer, the building and land, all furniture and fixtures and a Daewoo tow motor. There is a 2002 International heavy duty flat bed delivery truck that can also be purchased from the seller; it is not included at this price.
There are two options to acquire: The first is to purchase outright. The second is to lease with option to purchase. The monthly lease rate would be $3,500 per month under a lease purchase; $75,000 would be required to purchase the inventory and fixtures under this option.
About the Business
Weber City, Virginia
Number of Employees:
Building Sq. Ft.:
Huge 18,798 square foot building divided into separate retail areas and indoor lumber and building materials storage. Believe us, the ability to load materials indoors out of in climate weather, although a throwback to times past, is a nice added benefit of feature for customers. Indoor materials storage is multi-level with ability to drive up to many of the different materials sections for loading. Our confidential business summary, available only to qualified buyers who have submitted a fully executed NDA, contains extensive photos of inside and outside of the business.
The location of this business is a strong advantage. So is its name with many households in the area. Business can be taken over and immediately restarted using existing inventory and addition of depleted items to the inventory. Closest big box retail competitor is over ten miles away.
Growth & Expansion:
See confidential business summary for recommendations on capturing this opportunity and building the business.
Former Hardware and Building Supply Property- Purchase or Lease to Own
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.