Gross Revenue: $565,966
Northport Hardware Co.
Our business is positioned in an architecturally iconic building and located on the most active corner in downtown Northport, one block up from the town dock and park in the center of the commercial zone. The village is a destination location due to its location on Northport harbor off Long Island Sound. There is a large boating and marine presence in both recreational and commercial fishing.
Northport Hardware Co has been on Main Street for over fifty years, thirty of which have been under the ownership of the Reichert family. The business cliental consists of retail, commercial, contractor, municipal, institutional, industrial, marine commercial fishing and recreational boating. The store is completely computerized with a Point of Sale system consisting of four work stations and a dedicated network server - all computers are networked. The system handles sales, inventory control, electronic order generation, receiving and all required reporting. The store has a comprehensive and extensive inventory in all departments. Departments include housewares, plumbing, electrical, lawn and garden, marine, a major paint line, paint sundries, janitorial, hand and power tools, fasteners, power equipment, and decorative hardware. Business clientele consists of extensive house accounts billed monthly, major credit cards and cash. Northport Hardware Co. has a reputation of extensive quality service and knowledge. Services offered: • Screen repair and manufacture and fabrication of new screens • Window repair and fabrication of new • Thermopane replacement • All manner of glass and mirror • Lock rekeying and installation • General construction and repair • Paint consultation and color matching • Keys made • Custom millwork • Lamp repair • Furniture repair
Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The building is an historic structure located in downtown Northport, New York. Although historic, the building has been totally renovated and restored. All electric, gas, plumbing, and hvac systems are totally up to date. Most of the store lighting has been converted to led. The whole first floor is 3400 sq ft retail and office space The second floor has a 600 sq ft store room. The business has on street or municipal parking lots are available.
Competition: The competitive landscape consists of an Ace hardware store 1.3 miles from the store and big box home centers more than 6 miles away.
Growth & Expansion: There are many growth and expansion possibilities and opportunities including but not limited to: Internet marketing using niche marketing techniques to showcase and sell decorative and period hardware, specialty coatings and finishes, weathervanes, cupolas, and decorative garden accessories.
Through PPG paints, there are expansion possibilities of one of the world’s largest paint and industrial coatings manufacturer with growth of existing commercial and industrial accounts by increasing sales calls.
Support & Training: We will ensure a smooth and seamless transition with new owners.
Reason for Selling: Retiring.
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