Independently owned/operated True Value hardware/lumber store

Putnam, CT (Windham County)

Independently owned/operated True Value hardware/lumber store
Contact Seller

Asking Price: $150,000

Cash Flow: $92,000

Gross Revenue: $1,025,000

EBITDA: $35,000

FF&E: N/A

Inventory: N/A

Real Estate: $450,000*

Established: N/A

*not included in asking price.

Independently owned/operated True Value hardware/lumber store

Save Print Share Valuation Report

Business Description

Split Rock Capital, LLC (a Vann Group Company) is currently representing for sale Modern Lumber, an independently owned and operated True Value hardware and lumber store located in Connecticut.

The Company is a third-generation family owned store that provides the local community with a full line of hardware and lumber products, with local delivery available.

The property is available for sale and is available for $450,000 The owner is willing to consider a lease as well.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
6,500
Facilities:
It operates in a 1.2 acre location in an active downtown community of shops and restaurants. The main building consists of approximately 6,500 square feet of store and office space. Additional outbuildings are used for lumber storage and a maintenance garage for its fleet of delivery vehicles.
Competition:
Revenue in 2018 was approximately $1,025,000 which is an increase of 20% over 2017 performance. The introduction of technology (a point-of-sale system, customer loyalty cards, etc.) and an emphasis on marketing should have a significant impact on sales.
Growth & Expansion:
The acquisition of the Company is a great opportunity for an existing company looking to expand into a new market (geographic or product) and leverage their existing infrastructure. An asking price has not been established.
Support & Training:
The owner is willing to stay for a reasonable transition period and be available for consultation following that period.
Reason for Selling:
Owner desires to retire.
Contact Seller

Business Location


Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Michael Vann

Business Listed By:
Michael Vann

Split Rock Capital, LLC

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1611998 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


One Day Doors & Closets

Franchise Opportunity In CT
Capital Required: $80,000