Hometown Hardware Store

Hobart, NY (Delaware County)

Seller Financing Available
Hometown Hardware Store
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Asking Price: Get Financing: $399,000

Cash Flow: $125,000

Gross Revenue: $484,000

EBITDA: N/A

FF&E: $100,000

Inventory: $150,000

Real Estate: $200,000

Established: 1980

Hometown Hardware Store

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Business Description

HOMETOWN HARDWARE STORE.. Well established(30+yrs) popular classic Hardware Store serving local population of residents and second homeowners in a charming Catskill village. " Turn Key" business includes:
Fully supplied hardware store INCLUDING inventory(@$150,000)
Sporting Goods
Nursery products and supplies
All furniture and fixtures
Real Estate and improvements 3500 SF sales area and storage
2 Live in apartments.

FINANCING OPTIONS: 1. Selling price $399,000
Down $200,000
Balance by Owner $200,000 @ 8% over 10 yrs

2. 'Lease to Buy"
$200,000 down buys inventory and business for 5 years
rent free. Then option to buy for $200,000 or continue to
lease for agreed upon terms

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3500 SF store with hardware,plumbing supplies and sporting goods all displayed in and on racks,shelves and cases. All groceries,food supplies and convenience store displays. Ample Parking. Outdoor display for lawn and garden and nursery display. Includes two(2) apartments. One 3 bedroom and a 2 bedroom both with kitchen,bath and separate heat.
Competition:
Currently located in and between towns with no real competition for 10 miles to the West,North and South and 5 miles to the East. Very well established for 30+years and the "go to" store for whatever the first and/or second homeowner or business store owner needs as well as "how to" advice.
Growth & Expansion:
Modernization, facelifting,marketing,product identification,signage, local advertising will be effective in increasing already profitable business. Add or expand existing food service. Add Lotto and ATM. Expand Nursery and Garden department. Add Power tools and equipment. Add Rental and repair service. Add internet access and order options
Financing:
Selling or "Lease to Buy"
Support & Training:
Owner will help to have a smooth transition
Reason for Selling:
Owner Retiring
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Contact the Seller

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Ron Kutkiewicz

Business Listed By:
ron kutkiewicz

ROI Real Estate and Business Brokers

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