Ripley Hardware

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Established Business - Motivated Seller!!!
Asking Price:
$125,000

Gross Revenue:
$150,000
Cash Flow:
$56,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
$54,800
included in asking price

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Business Description

Turn key hardware store business, complete with $75,000 of inventory, plus recently added engine repair shop (most of equipment included). Also included in the sale is a second house, formerly a 1845 sq ft 2 family home now used for storage. Owner has worked diligently to restore this mainstay of Ripley...new rubber and metal roofs, updated electric added inventory, hired a full time mechanic for the newly created "Small Engine Service & Repair Shop", new signage and more. Complete inspection report is available for review

About the Business

Location:
Ripley, New York
Year Established:
1900
Number of Employees:
1 FTE, 1 PTE
Facilities:
Main building of 7304 sq ft has two stories and a full basement. Engine repair shop added on the original building. Two story house, formally a two family, not in condition to rent, used for storage.
Market Outlook/
Competition:
There is no competition in the area. The nearest hardware stores would be between 8 - 12 miles away. This has been a viable, small town business for over a century that the local communtiy reply on!
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About the Sale

Reason For Selling:
Now living in Buffalo and involved in a new business venture .... the hardware store is too far away - 175 miles round trip daily
Training/Support:
2 weeks

Listing Info

Keywords:
Hardware, retail, Erie, Findley Lake, established business
ID:
1447412
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  20190404175530099 (1).pdf (2 MB)
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Business Listed by
Sandra Calalesina, Licensed RE Assocaite Broker

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U.S. Census Data for Chautauqua County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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

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