340 NE Alsea Hwy, Waldport, OR

Waldport, OR (Lincoln County)

340 NE Alsea Hwy, Waldport, OR
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340 NE Alsea Hwy, Waldport, OR

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Business Description

Oregon Coast Ace Hardware Established 35 Year Old Business

NRC has been engaged to sell the well-established and highly profitable Waldport Ace Hardware, including the business goodwill, real estate, store furniture, fixtures, equipment and inventory, as ownership is retiring after 16 years of owning the business. The business was established in 1984 and has been a fixture of the community and surrounding area for the past 35 years as a “one-stop shop” for residents, tourist, and tradesmen alike.

The store spans over 11,000 square feet across 14 merchandise aisles and an outdoor lawn and garden section, plus a warehouse and second-level office space. The business covers all major hardware categories, plus beer, lottery, and other general merchandise. The business could be expanded to feature animal feed using existing storage area. Recent capital improvements include a newly installed cost-saving LED lighting throughout the store, state-of-the art security system, powerful heating system, repaved back parking lot, and store exterior repainted. Ownership is willing to provide the buyer with training on running the business.

Waldport Ace Hardware enjoys competitive insulation with the closest “big box” hardware store being 50 miles away. Additionally, it is the only store with a full line of plumbing, electrical, fishing, automotive, door lock, tool (including the Craftsman brand), paint, landscaping, and hardware products for 20-miles (30-45 minute drive). As the area retail store catering to tradesmen as well, it boasts the largest hardware section on the entire Oregon Coast. The store typically has five employees working the floor including a manager, product specialists, inventory assistant, and two cashiers. The owner typically works three days a week at the store.
Bids Due: June 25Inspection of the property may be performed during normal business hours. Inspections shall not interfere with business operations and do not include back rooms, storage areas, or secure areas. UNDER NO CIRCUMSTANCES MAY A BIDDER ASK QUESTIONS OF STORE MANAGERS OR STORE EMPLOYEES. INDIVIDUALS VIOLATING THIS REQUIREMENT MAY BE DISQUALIFIED FROM BIDDING.Sale in conjunction with Oregon licensed broker, Congress Realty, Jared English Broker #200804165

Detailed Information

Location:
Waldport, OR
Financing:
Inspection of the property may be performed during normal business hours. Inspections
Business Website:
http://www.nrc.com/1905/properties/view/2002010.html
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NRC Realty & Capital Advisors, LLC

Business Listed By:
Ian Walker

NRC Realty & Capital Advisors, LLC

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