Powers Do it Best Hardware

Beaver Island, MI (Charlevoix County)

Seller Financing Available
Powers Do it Best Hardware
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Asking Price: $1,660,000

Cash Flow: $85,000

Gross Revenue: $756,682

EBITDA: N/A

FF&E: $125,000

Inventory: $335,000

Real Estate: $1,200,000

Established: 1997

Powers Do it Best Hardware

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Business Description

Beaver Island is a very beautiful and still somewhat unknown gem in the middle of Lake Michigan that is once again starting to blossom. It has a bustling summer economy, and is a nature lover's dream with several lakes, walking trails, birding, hunting and fishing experiences. The hardware store continues to grow in business and with more effort it can grow even further. The opportunity awaits you to run the hardware business or by purchasing the entire building, expand into rental income and other future ventures.

Attached Documents


Detailed Information

Location:
Beaver Island, MI
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
9,800
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The hardware store is located on the main floor of the real estate complex that includes 4800 SF of retail space, a full basement is also used for hardware storage and the repairs department. Above the hardware are three rental apartments that are rented as vacation spots in the summer and also contain living space.
Growth & Expansion:
The internet sales aspect of Do it Best could be greatly improved upon. In addition installed sales could greatly improve the stores presence as many seasonal residents are often looking for installation and repairs of the homes that they have on Beaver Island.
Financing:
For lease with an option to purchase
Support & Training:
Owner will provide a negotiable time to assist the buyer in understanding the dynamics of running the hardware store and rental units or simply the hardware store if the space is leased.
Reason for Selling:
Owner wants to retire.
Business Website:
http://www.powershardware.com/
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John Sargent

Business Listed By:
John Sargent

Do it Best Corp.

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