Retail - Blding Mat., Hardware, Garden | Services - Other Miscellaneous services

Asking Price	$420,000	Inventory	$174,787*
Gross Income	$1,275,624	Real Estate	$135,000*
Cash Flow	$145,000	Year Established	1956
FF&E	$168,823*	Employees	3

* included in the asking price

** not included in the asking price

Horney's True Value has been in business for over half a century with the last 29 under the current ownership. With roughly 6,100 SF of retail space in a two-story with basement brick building conveniently located on a corner in downtown, this True Value affiliated store serves this west-central Indiana City of 4,900 and county of 17,000. The store includes common hardware departments such as electrical, plumbing, paint and small tools along with variety departments like cleaning supplies, lawn & garden, and seasonal goods. Most of these goods are sourced through Cotter & Company, the cooperative-owned distribution network of True Value. The owners have also developed side line businesses that specialize in carpet/flooring, custom designed Amish cabinets and a Just-Ask Rental department. Many local contractors have come to rely upon the store for their hardware needs as is frequently evident by those lined up at the door prior to regular business hours.

Facilities: This business operates out of two adjoining brick buildings constructed in 1927. The main building has over 20,000 SF and building number two has over 10,000 SF. The 2nd floor had approximately 20 apartments at one time.

Competition: There is limited competition in the market. This business was founded over fifty years ago and run by the current owner for the last twenty nine years.

Growth/Expansion: There is tremendous opportunity for growth with two of the side line businesses, custom cabinets and carpet/flooring installation.

Support/Training: The store operates with three employees, two of which have been with the business for over 15 years. It is believed that all employees are interested in remaining with the business under new ownership. In addition, two sub-contractors were paid by the owners to install carpet and flooring as an added service.

Reason Selling: Illness and retirement