Retail - Blding Mat., Hardware, Garden | Retail - Miscellaneous Retail

$Seller Financing Available

Asking Price	$75,000	Inventory
Gross Income	$131,600	Real Estate
Cash Flow	$40,000	Year Established	2008
FF&E	$32,000*	Employees	3

* included in the asking price

** not included in the asking price

This business is a local, community store for a widely recognized and well-respected, national provider of home appliances, tools and lawn and garden equipment. The business was established in January 2008, experienced a good first year, and is seeing increasing sales despite the current economy. This Hometown Store allows the owner to sell everything that a large retailer can but in a smaller space and without the huge financial burden of the cost of inventory. The store serves one of the most rapidly expanding communities in the Triangle area and is poised for continued significant growth in the near term. With the business located on one of the most highly traveled highways in the Triangle, not only is it is an excellent location for exposure to this growing community, but it is also a convenient location for neighboring residences (some 20,000 of them in a 10-mile radius) to drop off product for service, when needed. This is a cash or credit card business requiring virtually no collection efforts.

Facilities: This business is located on a major thoroughfare in a 4800 sq ft retail space and comes completely furnished and set-up for daily operations. Inventory is owned and provided by the major provider. The owner spent almost $70K to establish the business and it would take almost $90K to do this now. The title to the fixtures and office equipment will convey with the business. The company owns a security system, several pieces of material handling equipment, and a store full of racks, shelving and displays.

Competition: With the evolution of super stores such as Lowes and Home Depot, most local stores are being pushed aside. And so with it goes the intimate service that consumers have received for decades. However, with the strength and backing of this large national retailer, this Hometown Store offers the variety, quality and competitive pricing of the larger stores but with the personal service that is missing from these mega stores. And, with Johnston County growing as it is, the future for the business is very bright.

Growth/Expansion: The best part about this company is its fantastic outlook. This area of Johnston County continues to rapidly grow and much more growth is in the planning stages. The corporate retailer for this business knows this and conducts aggressive advertising and marketing campaigns on behalf of their local stores. This is a HUGE benefit to a local store owner. As a result of the growing market and the ad campaigns by corporate, this business could easily triple its revenues with very little increased overhead. The outlook for this business is TREMENDOUS!

Seller Financing Available: Yes

Financing: Seller to consider some owner financing for qualified buyer

Support/Training: The national retailer requires two weeks of training at corporate (which also includes in-store training) to ensure that the new owner is successful. The owner is also committed to providing two weeks of training and service to the buyer to enable a smooth transition. One full-time and one part-time employee are willing to remain with the business.

Reason Selling: Health reasons and retirement