True Value Building & Land Included, Prominent Location

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Hardware Store, Unbelievable Location, Includes RE, Huge Upside Growth
Asking Price:
$995,000

Gross Revenue:
$661,820
Cash Flow:
$39,416
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$150,000
included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
$795,000
included in asking price

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Business Description

The hardware store comes with not only a big showroom but ample space in and around the land that is owned by them to add a variety of other opportunities. Other than the existing hardware store, the facility is amply suited for other such drawing attractions as Christmas tree sales, farm related products, produce stands, flower, shrub and tree sales, farmers market and perhaps a line of small implements such as zero turn mowers, lawn mowers, weed eaters and the like. This location makes them a premier spot for convenience hardware as they have no competition within a 5 mile radius of the center of town and no competitors from the center of town and roughly 10 miles going west.

Existing ownership has grown weary in recent years and is more than ready to retire which also explains the drop in sales in recent years. New blood, new ideas and some energy would clearly bring this business back to life as it seemed to flourish in years gone by.

About the Business

Year Established:
1954
Number of Employees:
2 FT/10 PT
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
12,300
Facilities:
This business covers half of a city block in faces one of the most heavily traveled roads where it resides. It not only includes a spacious showroom for hardware items but also has ancillary buildings that could be used for other purposes as explained previously.
It operates out of a 12,300 square foot retail facility. The structure is a well-built commercial building with gas heat and central air. Located on roughly 1 acre in the middle of town with road frontage on 3 major streets.
There is an additional 1,600 sq. ft. building on the property used as a warehouse. In addition to that there is a small storage building on-site making 3 total buildings on the 1.06-acre lot.
Market Outlook/
Competition:
Other than a common business license required by the city, this business requires no specialized license with the state.
Growth & Expansion:
As mentioned throughout, age of owners and lack of energy have contributed heavily to the dropping sales numbers. They are NOT representative of the potential in this land and building acquisition. Clearly, no one could start this business at a better price and have an existing customer base to go with it.
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About the Sale

Reason For Selling:
Age and Retirement.

Listing Info

ID:
1568201
Ad Detail Views:
50

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Business Listed by

Dick Halterman CPA

Murphy Business & Financial Corporation

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

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U.S. Community Survey Data for Virginia
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Education

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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