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ACE Hardware Store For Sale - PRICE DROP

Atlanta, GA (Dekalb County)

ACE Hardware Store For Sale - PRICE DROP
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Asking Price: $395,000

Cash Flow: N/A

Gross Revenue: $665,000

EBITDA: N/A

FF&E: $165,000

Inventory: $350,000

Rent: $8,720.83 /Month

Established: 2018

ACE Hardware Store For Sale - PRICE DROP

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Business Description

ACE Hardware for Sale for hundreds less than you can build

OVERVIEW:

Under-capitalized owner forced to sell this brand new intown ACE Hardware location that has everything going for it:
1) Highly desirable, hard to find, intown location.
2) Incredibly favorable lease terms at $11.50 sq. ft.
2) Fantastic demographics: 17,000 homes within 2 miles with an avg. household income of $113k.
3) Above average metrics for a new location: 100 customers a day and growing with an average check of
$21.03
4) Loyal customer base happy to have a neighborhood hardware store as evidenced by 75% ACE Reward
participation and product mix that proves customers shop for daily consumables.

With the heavy lifting and heavy capital outlay in the rear-view mirror, this is an excellent opportunity for a buyer to step in and reap the rewards.

FINANCIAL HIGHLIGHTS:
Current 11-month Revenue: $635,000 Adjusted Net Income: (21,000)

REASON FOR SALE:
Owner does not have the financial means to carry the store through the ramp-up period.
Purchase Price: $665,000 includes $375,000 in Inventory and $165,000 in new furniture, fixtures and equipment.

Detailed Information

Location:
Atlanta, GA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
9,100
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
9,100 square feet of which 8,000 is retail. Huge parking lot. Landlord approved outdoor shopping/ farmers market at no cost.
Reason for Selling:
New Operator is under capitalized.
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Doreen Morgan

Business Listed By:
Doreen Morgan

Sunbelt Business Brokers

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