Long-Standing Hardware and Lumber Retailer


Long-Standing Hardware and Lumber Retailer

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,600,000





*not included in asking price.

Long-Standing Hardware and Lumber Retailer

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Business Description

Available for acquisition is a long-standing (60 years plus) hardware and lumber retailer located in an excellent community near a coastal city. The Company has won “Business of the Year,” for its number of positive communications and attentive customer service practice. This provides the Company with sound advertising, and enhances customer trust and confidence in the business.

The Company serves over 500 active customers that include commercial and industrial companies as well as individual homeowners in its local geographic region.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The Company leases a 10,275-square foot retail store. The space is leased from a related entity below the fair market rate of $18,000 per year. Estimated annual rent is a FMV of $90,000.
Growth & Expansion:
1) POS System: The Company utilizes a POS system that enables accurate tracking and maintenance of inventory. As a result, the Company is able to reduce costs associated with too much inventory on-hand, while ensuring an adequate number of specific hardware products are available. 2) Strong Supplier Relationships: The Company has excellent relationships with vendors providing the Company with the bargaining power to negotiate discounted prices. The average length with major suppliers is over 23 years, which further provides reliability and sourcing ability. 3) Strong Customer Relationships: The Company is proud of its solid ties to customers and reputation for outstanding customer service. Several customers have been purchasing supplies from the Company for over 60 years.
Reason for Selling:
Exit Planning

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Luan Ly

Business Listed By:
Luan Ly

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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