45 Year Old Branded Hardware Store

CA

45 Year Old Branded Hardware Store
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Asking Price: $849,000

Cash Flow: $223,000

Gross Revenue: $1,847,000

EBITDA: N/A

FF&E: $97,000

Inventory: $250,000

Rent: $6,292.92 /Month

Established: 1969

45 Year Old Branded Hardware Store

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Business Description

Located in a small community ranked as one of the best small towns to visit in the country, this store is nestled in the beautiful Sierra Nevada mountains, an alpine wilderness community with natural beauty and crisp clean air.

The branded hardware store has remained in the same family (two generations) ownership since it’s purchase in 1973. This store is well-established, and a fixture in the community, with a deep history of relationships to the customers and residents of their community.

The business has the following attributes:
• 45 years of continuous success in the community at the same location.
• Loyal and knowledgeable staff.
• Management team that will likely stay with a buyer.
• Community recognition for “Best of ” hardware store.
• Extremely favorable Yelp ratings and customer comments over a large number of reviews.
• Low advertising requirements with generationally loyal return customers.
• Recognized as Top 100 “branded” store.
• Central and highly visible location.
• Limited competition without “big box” stores.
• Good combination of products and services.
• Consistent growth in sales and earnings.

The store is approximately 6,200 square feet. An adjoining parcel contains another successful retail operation. The buildings owner is willing to sell both buildings if a buyer is interested.

Financially the store has been growing consistently in sales and earnings. During the years 2016-2018, Sales averaged $1.808M and Earnings averaged $188K.
List price for the business is $849K. Assets include the furniture, fixtures, and equipment, inventory, covenant not to compete, and business goodwill. The sellers are retiring.

An ideal buyer(s) would be someone who currently owns a hardware store or complimentary retail business (e.g. carpet store), someone managing a similar retail operation who is looking to own their own business, or a couple or family who could split duties. The Sellers are looking for back up offers only.

To obtain a Confidentiality Agreement or for further information please contact Ron Schwab at ronschwab1@gmail.com or call 925.324.2161 .

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,200
Lease Expiration:
11/1/2020
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Well positioned in local market with no current or future big box stores.
Growth & Expansion:
Landlord willing to sell building if desired. Also, the building next door is owned by same landlord and ability to purchase and double floor size.
Support & Training:
Two weeks at 40 hours per week included. Additional training at negotiated rate. Management team in place and likely to stay.
Reason for Selling:
Owners looking to retire.
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Contact the Seller

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Ron Schwab

Business Listed By:
Ron Schwab

Nor Cal Business Sales

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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