Hardware Store/Lumber Yard/Appliances

TX

Seller Financing Available
Hardware Store/Lumber Yard/Appliances

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$3,500,000

EBITDA:$375,000

FF&E:$500,000

Inventory:$709,000*

Established:1965

*not included in asking price.

Hardware Store/Lumber Yard/Appliances

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Business Description

The Company operates as an Ace Hardware store, and benefits from brand recognition, as well as favorable pricing terms attained through the Ace Hardware co-operative. It sells a wide range of hardware, building materials, lumber products, and appliances to the retail, commercial (oil and gas companies), and government (correctional facilities and schools), and contractors (homebuilders) market segments.
The Company deploys a wide range of tactics to promote its visibility in the marketplace. Additionally, it benefits from the national advertising conducted by Ace Hardware. On a regional level, management utilizes a wide range of media including newspaper ads, radio promotions, and magazine inserts.
(A) Cash Business: The Company conducts more than 50% of its business with retail customers, who pay for products when purchased. This reduces its ongoing working capital requirements.
(B) Excellent Operations and Company Structure: The Company has established a strong employee base, including a store manager who is capable of running the operations without the involvement of the shareholders. It has outstanding management information systems in place to track and manage the store performance.

Detailed Information

Inventory:
Not included in asking price
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a facility located in Central/West Texas. The business operates out of a Company-owned facility that spans approximately 2.6 acres and houses four separate structures with a total built out space of 46,000 square feet. The Company has sufficient space to accommodate significantly higher revenues without major facility improvements or expansion.
Competition:
(A) Excellent Operations and Company Structure: The Company has established a strong employee base, including a store manager who is capable of running the operations without the involvement of the shareholders. The business has outstanding management information systems in place to track and manage the store performance. (B) Customer Base: The Company has strong ties to customers in its various end markets due to the wide range of products it offers. It has over 300 active non-retail customers in its database, with no individual customer accounting for more than 1.5% of sales. The diversified customer base helps ensure it is not dependent on any individual customer or group of customers. (C) Industry Expertise: The Company’s management and key employees have extensive experience with hardware and building materials. This wealth of experience and expertise provides it with a competitive advantage over its regional competitors.
Support & Training:
The shareholders are willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Retirement Planning

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Bryan Gooden

Business Listed By:
Bryan Gooden

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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