Former Hardware and Building Supply Property- Purchase or Lease to Own

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Asking Price:
$295,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$60,000
included in asking price

FF&E:
$15,000
included in asking price

Real Estate:
$390,000
included in asking price

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Business Description

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

Location:
Weber City, Virginia
Year Established:
1968
Number of Employees:
0
Real Estate:
Owned
Building Sq. Ft.:
18,798
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Founder passed away, no immediate successors. Need to sell.
Training/Support:
Minor degree of support is possible. Relatively easy busy to understand and operate.

Listing Info

ID:
1570596
Ad Detail Views:
1437

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Business Listed by

Ramon Sanchez-Vinas

Biz Exit Brokers & Advisors

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