ZG-3143 Hardware Store- Eastern Cincinnati Area


ZG-3143 Hardware Store- Eastern Cincinnati Area
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ZG-3143 Hardware Store- Eastern Cincinnati Area

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Business Description

Description. This is a typical, full service, independent hardware store east of the Greater Cincinnati area. It has everything and more that a hardware store should have, including hard to find items the big box retailers don’t carry.

Niche. It is convenient, prices are fair, and employees have knowledge to assist customers.

Opportunity. The Business has no web site; a web site could increase awareness and provide “specials” to attract customers. More aggressive advertising would bring awareness. Product lines could be added, and existing product lines expanded. Another growth opportunity would be to expand into the 4,000 Sq. Ft. adjacent to the current store.

Financial. Sales in 2018 were just under $700,000. Gross Profit was over 45%, an increase over 40% the prior two years. Net Profit (before Owner Comp) and EBITDA have been in excess of 10% of Sales.

Management; Employees. The Owner manages the Business. In addition to the Owner, there are three full time and six part time employees.

Assets. Personal Property Assets include racks, shelving, displays, computers, and software.

Facility. The 6,800 sq. ft. store is in a building with other tenants. There is room to expand by adding 4,000 sq. ft. if desired. The Real Estate is for sale or lease.
Competition. There are similar, locally owned hardware stores in the area. Big box retailers – Home Depot, Lowes, Walmart – are competitors, but not as convenient to customers as the Business.

Reason for Sale. The Owner will retire after any reasonable transition period as requested by a buyer.

What’s for Sale. Inventory, Personal Property Assets, name, phone numbers and other Goodwill of the Business are for sale. Inventory will be valued at cost with appropriate discounts for older, out of date items.

Asking Price. Please contact us to discuss price and sale structure.

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John Zoellner

Business Listed By:
John Zoellner

Zoellner Garten & Company

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