Hardware store with lumber yard and CRE
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Long established hardware store with additional services catering to residential home owners, large current inventory, warehouse and lumber yard for sale. The ideal buyer will have a general contractor license to provide additional services to homeowners utilizing in-house inventory to lower COGS. Business cash flow, discounted inventory, 19,150 sf of store and warehouse space with ~$350,000 in updated FF&E on 1.38 acres plus separate tax lot for 7500sf building on .79 acres.
The $4,650,000 asking price includes $2,904,850 ($109/sf) for for 26,650sf of Commercial Real Estate with ~$350,000 in updated FF&E, $411,753 in annual cash flow at 3 x multiple (semi absentee) plus $1,200,000 in current inventory discounted to $509,891 (58% discount).
Ideal expansion opportunity for a general contractor or hardware chain as the vertical integration could potentially lower COGS on lumber and fasteners by up 23%.
The $4,650,000 asking price includes $2,904,850 ($109/sf) for for 26,650sf of Commercial Real Estate with ~$350,000 in updated FF&E, $411,753 in annual cash flow at 3 x multiple (semi absentee) plus $1,200,000 in current inventory discounted to $509,891 (58% discount).
Ideal expansion opportunity for a general contractor or hardware chain as the vertical integration could potentially lower COGS on lumber and fasteners by up 23%.
About the Business
- Employees
- 29 (24 Part-time, 5 Contractors)
- Facilities & Assets
- Available under signed NDA.
- Market Outlook / Competition
- Available under signed NDA.
- Opportunities for Growth
- Available under signed NDA.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 26,650
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Available under signed NDA.
- Financing Options
- 10% down on SBA 504 , 25 year loan packages
Listing Info
- ID
- 2475073
- Listing Views
- 16
Listing ID: 2475073 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 of Use. Learn how to avoid scams.
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