Listing Number: 76931-920675
Motivated Seller! Price Reduced to value of inventory, plus less than 2X SDE! Real Estate mush be acquired as well, which is an additional $1.75M.
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 $1,750,000). 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 including B2B account house accounts.office space was recently built out (at a cost of $30,000+) and a new POS system implemented in March, 2021 ($30,000) which has greatly assisted in providing data to prepare the business for the future. This business is ready to be refreshed and introduce new offerings relevant to the growth and coastal location of the community. Sellers data indicates a minimum owner benefit of approx. $180k annually. Only cash buyers for the business - lending is not available, however, partial seller financing will be considered. A commercial real estate loan is expected for the property itself. Only buyers acquiring both the business and real estate will be considered at this time.
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.
- Price: $ 990,000
- Down Payment: $800,000
- Sellers Discretionary Earnings: $ 174,100
- Total Sales: $ 1,442,465
- Location: Galveston County, Texas
- Inventory: $ 665,323
- FF&E: $ 150,000
- Employees: 11
- Year Established: 1972
- Reason for Selling: Retirement
- Category: Building Materials