Please ensure Javascript is enabled for purposes of website accessibility Hardware Store w/ Lumber Yard - Motivated Seller! | Transworld Business Advisors Houston UA-80176035-1

Hardware Store w/ Lumber Yard - Motivated Seller!

Listing Number: 76931-920675

Description

Price reduction on established neighborhood hardware store with attached lumber yard. Business price is equal to inventory plus 1.5x SDE. Sellers data indicates a minimum annual owner benefit of approx. $180,000. Industry multiples range from 3 to 3.5x SDE, plus inventory - this is priced to sell!

Real Estate, in addition to the business, is $1.695M. Sellers are not interested in being landlords - only buyers for both the business and real estate will be considered. The real estate consists of five existing congruent parcels and encompass the entire block except for one small section (non owned - residential) for a total of +/- 1.58 acres. The business is operating on the front street facing section (5 separate structures, including a 14,400 SF building), and there is ample space for expansion of existing operations or addition of expanded services or product lines on the rear of the property that is mostly under utilized.

Only cash buyers for the business - the business is NOT eligible for traditional or SBA bank lending. A commercial real estate loan is expected for the property itself but will likely rely on the strength of the buyer. Only buyers acquiring both the business and real estate will be considered at this time.

Established in 1972, this family-owned hardware business is celebrating its 50th year! This neighborhood supply store with lumberyard has been a staple in its community and is located on the main strip, on almost 1.6 acres of property (available for an additional $1,695,000). Its customers are made up of local and neighboring residents, tradesmen, builders, and commercial clients,

In addition to the existing land improvements and FFE that will transfer with the business, a new POS system ($30k) was installed in March, 2021, and reflects a minimum of $1.5M in annualized sales. The business has been operating very comfortably under existing ownership, and while a new office space and breakroom was added last year (at a cost of $30,000+) not much else has been done to modernize the business. According to the co-op, they are not tapping into the product demands of the local clientele and there is substantial opportunity for a new owner to enhance offerings expand product lines. Sellers are fully supportive and cognizant of this, but have no interest in developing the business to the next level, and are ready to retire!

Listing price was determined using a multiple of annual owners benefit, plus inventory at cost (which was recently valued by an independent third party, for $665k). Inventory will be confirmed immediately prior to Closing, which may increase - or decrease - the final sales price.

Contact BOBBI COFFEY at Transworld Business Advisors of Houston 832-481-4406.

Listing Details

  • Price: $ 935,000
  • Down Payment: $800,000
  • Sellers Discretionary Earnings: $ 180,000
  • Total Sales: $ 1,500,000
  • Location: Galveston County, Texas

  • Inventory: $ 665,323
  • FF&E: $ 150,000
  • Employees: 11
  • Year Established: 1972
  • Reason for Selling: Retirement
  • Category: Building Materials
Hardware Store w/ Lumber Yard - Motivated Seller!

Business Listed By:

Bobbi Coffey
Want to save this listing? Sign Up Now