Independently owned/operated True Value hardware/lumber store

Putnam, CT (Windham County)

Independently owned/operated True Value hardware/lumber store
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Asking Price: $150,000

Cash Flow: $92,000

Gross Revenue: $1,025,000

EBITDA: $35,000


Inventory: N/A

Real Estate: $450,000*

Established: N/A

*not included in asking price.

Independently owned/operated True Value hardware/lumber store

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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:
Not included in asking price
Building SF:
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.
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.
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Business Location

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(from currently available funds)
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Michael Vann

Business Listed By:
Michael Vann

Split Rock Capital, LLC

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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.

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Demographic Information


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