Listing Number: 76931-742742
EVEN STRONGER this year than last in spite of the COVID shutdown. Sales have remained strong at this business with no indication of slowing down! Texas continues to open up and is coming back strong.
This building supplies and hardware store was founded over 40 years ago and is well located in east-central Texas (Houston-Austin-San Antonio triangle) to serve a number of developing communities increasingly in demand by city dwellers seeking a weekend getaway or slower paced lifestyle, yet still less than a 2 hour drive from some of Texas' largest and favorite cities. This plays extremely well into the macro trend of people moving away from urban and even suburban areas and into smaller towns.
Independently owned, it operates within a nationally branded cooperative enabling it to benefit from its buying power for competitive materials costs, fast delivery and a wide product selection. Over the past 5 years, revenues and profits have been very steady averaging annual sales of over $4.5MM and total cash flow of over $600k . This is a great opportunity for a regional brand to expand its footprint or an owner/operator wanting a very profitable business with the slower pace of a small Texas town.
Real estate is valued separately but will be part of the transaction. SBA financing is available for qualified buyers. Seller's will consider partial financing if not subject to standby.
- Price: $2,799,000
- Down Payment: $2,799,000
- Sellers Discretionary Earnings: $666,300
- Total Sales: $4,867,000
- Location: Texas
- Inventory: $563,000
- FF&E: $168,000
- Employees: 5
- Reason for Selling: Retirement
- Category: Building Materials