Retail/Wholesale Paint Store in Bronx County, NY - 28158

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Asking Price:
$189,000

Gross Revenue:
$500,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$120,000
not included in asking price

FF&E:
$80,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

RETAIL/WHOLESALE PAINT STORE AND MORE: OWNER RETIRING. GROWTH WAITING. Neighborhood fixture, 87-year-old Bronx paint and hardware store near the Westchester border, with both a retail and wholesale following. Store does an even mix of walk-in and email sales, from individual customers to corporate, institutional and government clients, on paints and coatings, window treatments (a highly popular offering with particularly large margins), radiator covers, and much more. Although highly-successful throughout its history, the store has not been aggressively marketed in recent years. Enormous opportunities for future growth exist with the addition of an outside sales force to pursue the considerable potential for wholesale business in the Westchester area, plus many more counties, and ongoing telemarketing effort, direct mail advertising, a detailed catalog, an updated website, Sunday hours, etc. Another area for growth exists in sales across multiple categories. As an example, a paint purchaser in the midst of redecorating is often a prospect for window treatments and many other related products. Current owner plans to retire, but can stay on to train a new owner in all aspects of the business. An experienced, loyal staff of two-to-five, an inventory that averages about $100,000 and products that never go out of style increase the appeal of this unique opportunity. Total price is $189,000, with $135,000 down. Please contact the broker at 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

About the Business

Number of Employees:
3
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
Selling due to personal matters.
Training/Support:
Yes
Seller Financing:
135,000.00 Down & Finance balance of $54,000

Listing Info

ID:
1570708
Ad Detail Views:
44

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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U.S. Census Data for Bronx County, NY
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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 Bronx County, NY
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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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Report an Issue 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.
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