Old School Queens Hardware Store

Listing Number: 83341-987234

Description

Neighborhood mainstay. Busy street, corner property on the Queens Long Island Border with steady revenue. Family owned for over 30 years and now ready for the next generation. $250,000+ in inventory, fully catalogued and organized. On site parking and low rent add to the value. The store is perfect for someone that loves the nuts and bolts of the hardware biz and wants to walk into a turn key operation...and yes they make keys too. Owner will be retiring and leaving in place a dedicated staff. He will offer training as well to help in the transition. They are fully staffed, yet the payroll expense is under control. A main street business with meticulous books and a stellar reputation. This biz is too good to pass up.

Listing Details

  • Price: $600,000
  • Down Payment: $600,000
  • Sellers Discretionary Earnings: $150,000
  • Total Sales: $700,000
  • Location: Queens County, New York

  • Inventory: $350,000
  • FF&E: $0
  • Employees: 7
  • Reason for Selling: Retirement
  • Category: Hardware Ret Related
Old School Queens Hardware Store

Business Listed By:

Miles Gordon