Profitable Hardware Business

$359,000

Business description

Very successful, well established, family owned and operated hardware company has been in business for over 50 years. A completely new building was constructed in 2008 with 6,000 Sf of retail space. All the business systems are new and include Rocksolid computer system. Other improvements include a new phone system, 2 credit card readers (EMV compliant), new shelving throughout the store, and new LED outside sign. The business is very visible and has a fully trained and knowledgeable staff that is very capable of operating the business. This operation is technically way ahead of most stores their size in the industry. The owners have systems in place that will help a new owner continue to grow and prosper. Very competitive five year lease available.
Dennis Wheelock Listing Agent

Dennis Wheelock

office: (207) 774-7715
cell: (207) 242-5588

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  • Asking price $359,000
  • Cash flow $93,568
  • Gross Revenue $830,300
  • EBITDA N/A
  • FF&E $131,375 (included in asking price)
  • Inventory $205,000 (included in asking price)
  • Lease Rate $4.94 per SF / Year
  • Established 1911
  • Real Estate Leased
  • Building SF 9,773
  • Lease Expiration N/A
  • Employees 4
  • Facilities New 9,700+ SF building constructed in 2008 includes 6,000+/-SF retail Space, receiving room & storage with overhead door to receive freight, grain room with overhead door, and storage space.
  • Competition Heavy industry consolidation by the big boxes means that small operators must be aligned with a major franchisor. They are aligned with True Value. The hardware store industry is picking up steam and heading toward per-recessionary highs. Computerization, renovation, and innovation are a must moving forward. Convenient parking, knowledgeable staff, and quick service are far more important to today's hardware shoppers than price. Therefore, small neighborhood stores that possess those characteristics will survive the big boxes quite well. This business has done all of the previous items and will continue to grow and prosper.
  • Growth & Expansion Currently generating $140 per square foot of retail space. This is a quality store. This business has done all updates and innovations necessary and will continue to grow and prosper.
  • Support & Training Owner will stay on and train for a minimum of three 40 hour weeks and may be willing to stay on part-time 2-3 days a week for a year.
  • Reason for Selling Retirement