Profitable Hardware Store and Garden Center

Floyd County, GA

Service, Service, Service!!!!!
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Asking Price: Get Financing: $525,000

Cash Flow: $180,200

Gross Revenue: $1,357,882

EBITDA: N/A

FF&E: $75,000

Inventory: $325,000

Real Estate: $560,000*

Established: 1999

*not included in asking price.

Profitable Hardware Store and Garden Center

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Business Description

This is a profitable high end hardware store and garden center located in a vibrant area of northwest Georgia. The business is a long established (1999) and valuable member of the local family oriented community. It is owned and operated by a husband/wife team and is well known for it's extraordinary customer service. The business is located on a highly visible piece of real estate on a major highway with high traffic counts. This business is an unbelievable value at the asking price (less than 3x Seller Discretionary Earnings with $325,000 of inventory included in the deal).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
7,500
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility has a very appealing, high end appearance both from the street and it continues once inside. The 7,500 SF building sits on 2.14 acres and is owned by the Seller in a separate real estate holding company. It is not included in the $525,000 price for the business but will be included in the sale at a price of $560,000. It is leased to the business on a triple net lease that generates $44,800 annually in EBITDA for the property holding company. Combined SDE for the combined entities (business + real estate) is $225,000 annually.
Competition:
The competition in this community are primarily the big box retailers and more traditional old time hardware stores. This business is very unique in that it is really a hybrid hardware store, gift shop and garden center......and it is locally owned. It is well known for great customer service.
Growth & Expansion:
Addition of hunting and fishing product lines and growth in the gifts segment are good strategies for increasing revenue.
Support & Training:
The owners will provide up to one month of training at no cost to the buyer.
Reason for Selling:
Retirement.
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Contact the Seller

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Tim Greene

Business Listed By:
Tim Greene

DeFoor Business Services, Inc.

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).


Sponsoring Broker:
Greg DeFoor

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