Very Successful Benjamin Moore Retail Paint Store For Sale

Tolland County, CT

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Asking Price: Get Financing: $315,000

Cash Flow: $133,605

Gross Revenue: $697,705

EBITDA: N/A

FF&E: $172,000

Inventory: $24,000*

Established: 1978

*not included in asking price.

Very Successful Benjamin Moore Retail Paint Store For Sale

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Business Description

Richman Business Brokerage is exclusively representing an independently owned Benjamin Moore paint store centrally located in Hartford County. The business is an exclusive Benjamin Moore dealer. Benjamin Moore is an industry trendsetter with products that use their proprietary colorants and exclusive resins. The high-quality paints are only available at independently owned paint and hardware stores which limits competition for this business. Local professional painters, designers, and home owners return to this store because of the expertise of the owner and the exceptional service. The customer base is 80% residential customers, and 20% are commercial accounts. The stable business opened in 1978 in its currently location, a 2,500 sq.ft. street-front store in a full retail strip mall in a busy shopping district. To obtain new customers the store relies only on word-of-mouth referrals, national marketing and brand exposure from Benjamin Moore, and engages with the local community through charitable sponsorships. The business is successful with its current model, however a growth opportunity exists for a buyer who develops a successful marketing campaign. In addition to paint and supplies, the store also sells wallpaper and supplies needed for its application. This is a great opportunity for a buyer looking for an established and profitable business with a great reputation.

Detailed Information

Inventory:
Not included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spaceous and well designed street-level retail store in busy shopping district. Located in high traffic area on a major route. Affordable rent. Same location for 40 years.
Competition:
Benjamin Moore paints are only available through independently owned retail dealers. There is only one other exclusive retailer within 10 miles.
Support & Training:
Yes
Reason for Selling:
Retirement
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David A. Richman

Business Listed By:
David Richman

Richman Business Brokerage & Insurance, LLC

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