Own Your Own Hardware Store By The Lake

Lake Benton, MN (Lincoln County)

Own Your Own Hardware Store By The Lake

Asking Price:$498,000

Cash Flow:$59,574

Gross Revenue:$581,477

EBITDA:N/A

FF&E:$29,044

Inventory:$356,527

Established:1978

Own Your Own Hardware Store By The Lake

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Business Description

Heaven is Owning a Business Near the Lake

The hardware store is the quintessential one-stop-shop for all hardware needs of tools, paint, plumbing, electrical, cookware, toys, birdfeeders, key services etc. etc. etc. If they don’t have it, you probably don’t need it. The NAPA autoparts store carries a full line of parts for both professional mechanics and “do-it-yourselfers” They also offer customized hydraulic hose and fittings fabrications and alternator testing services.

Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The auto parts store was purchased in 1978 and the next door hardware store was managed by current owners in 1993 and purchased in 1995. This long standing business continues to be the anchor of main street of the thriving small town community.
Competition:
Primary competition is from larger national chain retail stores in towns that are approximately 30 miles away. This store’s prices are competitive with better warranties and service compared to the competition, but may lack depth of inventory selection. On-line vendors may have more selection and price advantage for some gifts, but cannot compete with immediate availability of most customer’s parts needs, and spontaneous attraction of that just right gift.
Growth & Expansion:
Expanded paint section and painting expertise with professional painters. Focus on local camping and tourists by expanding camping supplies advertising and availability and specializing in RV plumbing supplies, for the growing tourism attracted by the adjacent 2900 acre lake. Hiring a field rep for NAPA Auto Parts sales for professional mechanics and local farmers. Wider marketing of expanded and exclusive gift lines.
Support & Training:
12 weeks
Reason for Selling:
retiring

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Scott Hislop

Business Listed By:
Scott Hislop

Transworld Business Advisors of Minnesota

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