Listing Number: 76931-742742
EVEN STRONGER this year than last in spite of the COVID shutdown. 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 cities. 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 quite 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.
In spite of the pandemic, sales have remained strong at this business! Texas is opening up and coming back strong.
Real estate 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