Mobile, AL (Mobile County)

Hardware Store
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Asking Price: $975,000

Cash Flow: $230,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: N/A

Inventory: $75,000

Real Estate: $300,000

Established: 1991

Hardware Store

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Business Description

Popular Hardware Store

Welcome to this friendly neighborhood hardware store. When you walk into this Hardware Store you will notice a clean well-stocked hardware store with organized displays of all the tools and supplies needed to fix most anything. This busy hardware store carries a long list of items; electrical supplies, fasteners, garden seed, fertilizer, pine straw, construction hay, plumbing supplies, hand tools, and much more than this short list. Providing services for its long list of customers and contractors that shop here; small engine repair, propane and kerosene refill, chainsaw and lawn mower blade sharpening, cut keys plus more. This Hardware Store can also provide storage units on site in many different sizes. The current owners have built up this business every year for many years. They have brought sales up to approximately $900,000.00 annually that produces around $230,000.00 in cash flow. Using the point of sale system, they can monitor sales to keep up inventory and restock with frequent shipments of new inventory to maintain these sales numbers. Inventory is around $75,000.00 and furniture fixtures and equipment included is more than $40,000.00. Property is valued at $300,000.00 by county tax records. This business sale includes all inventory, FF&E, the property and buildings and can be making you money from day one of ownership for $975,000.00

Detailed Information

Location:
Mobile, AL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
4
Facilities:
3000 sqft building with additional outside covered storage. Storage units for customers. Large lot included in sales price.
Competition:
No competition near by. The nearest big box store is 8 miles away.
Growth & Expansion:
Add services to the existing business as well as expansion of retail material.
Support & Training:
30 days support and training.
Reason for Selling:
Retitrment
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David Chew

Business Listed By:
David Chew

Sunbelt Business Brokers and Business Brokers South

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Sponsoring Broker:
Lanier Chew, CBI

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