Retail - Blding Mat., Hardware, Garden | Retail - General Merchandise Stores

$Seller Financing Available

Asking Price	$400,000	Inventory	$150,000*
Gross Income	303,198	Real Estate	$200,000*
Cash Flow	$98,586	Year Established	1992
FF&E	$50,000*	Employees	3

* included in the asking price

** not included in the asking price

This business was started over 16 years ago, as a convenience store with a few household necessities, in a rural area. Today, the area has grown with the addition of new subdivisions and the old convenience business has been replaced with a full blown hardware store that has a balanced inventory for their clients. They have built the business to the point they feel they must expand their operation. For this planned expansion they have applied for and are awaiting final approval for a new development plan that includes a 7,200 sq ft building. The owners - after considering their ages, have decided to sell their home and business and move back to Wisconsin to be with their family. The business has grown from a mom and pop operation to where it is now the only hardware store within 12 to 15 miles and new housing developments are established in the area. Combine this with the fact they are associated with a hardware association for purchasing inventory. Everything in the store is automated (from inventory control, to ordering inventory to point of sale terminals), security cameras, and QuickBooks for up to date financials. This is an opportunity to take this business to the next level and beyond. There is no blue sky listed. This is a turn key operation. The Seller will consider a carryback with a qualified buyer. And, a financing package has been approved for a qualified buyer. The owner has discounted the selling price by $75,000. They are anxious to return to Wisconsin. NOW!

Facilities: This business is located on approximately 1 acre that is fenced and has security cameras. The hardware business is currently housed in a single building with protected storage facilities for large items (plywood, cement, pipe, steel, etc) outside. The owners have expanded the business to include rental equipment, propane, and related hardware and lumber products that include cement blocks etc. There is ample parking and an alley runs along the side and back of the property that will accommodate large trucks.

Competition: Their business has grown to the point they have chosen to sell rather than expand to meet the growing needs of the area. The nearest hardware store is over 12 miles away. They buy from a hardware supply company and use an automated ordering system that is connected to their financial accounting and inventory program. They also use a point of sale to tie into the QuickBooks accounting program. Their inventory is balanced between what is on hand to what the customers want.

Growth/Expansion: The owners have spent a considerable amount of money (over $20,000) to have plans drawn and approved for future expansion that will include a 7,200 square foot building. The current facility is projected to be turned into a garden shop with the hardware business to be moved into the new building. Call for additional information and an architect's drawing of the new site.

Seller Financing Available: Yes

Financing: At seller's discretion

Support/Training: The seller will provide support and training for a period of 30 days.

Reason Selling: Retiring to Wisconsin to be close to family