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Hardware Store w/Lumber Yard & Real Estate

Listing Number: 76931-920675

Description

Business price $650,000 plus Real Estate $1,600,000 = $2,250,000

This neighborhood hardware store has been existence for 50 years with no immediate competition in the area. It currently operates under a branded co-op relationship. There is opportunity to either

1) retain existing co-op relationship or
2) convert to another hardware partnership / co-op or franchise, or
3) run an independent operation.

The price has been substantially reduced. The sellers are beyond retirement age and are ready to move on to the next phase of life. Business listing price is LESS THAN INVENTORY AT COST, but besides inventory, a buyer will receive a turnkey, operating, profitable business with employees, reputation, charge accounts, convenience and goodwill. Plenty of opportunity to freshen the place up and attract even higher revenues by targeting the market demand in this rural area.

Sellers data indicates an approx. annual owner benefit of $170,000. Industry multiples range from 3 to 3.5x SDE, plus inventory - this is priced to sell! ONLY CASH BUYERS for the business. The business is not eligible for bank financing - no buyer seeking a loan for the business will be considered. The real estate, however, is lendable and will support an appraisal.

The Real Estate, in addition to the business, is $1.6M. 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.

Revenues are about $1.5M annually. An experienced, multi-hardware owner could substantially increase that and drive traffic. Located in a growing area, limited restrictions. The potential is there for the right buyer.

Some seller financing towards the business may be available, depending on buyer qualifications.

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

Listing Details

  • Price: $ 2,250,000
  • Down Payment: $2,250,000
  • Sellers Discretionary Earnings: $ 180,000
  • Total Sales: $ 1,500,000
  • Location: Galveston County, Texas

  • Inventory: $ 665,323
  • FF&E: $ 50,000
  • Employees: 11
  • Year Established: 1972
  • Reason for Selling: Retirement
  • Category: Building Materials
Hardware Store w/Lumber Yard & Real Estate

Business Listed By:

Bobbi Coffey
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