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Bronx Neighborhood Hardware Store. PRICE DROP. STEAL IT!

Bronx County, NY

Asking Price:$225,000

Cash Flow (SDE):Not Disclosed

EBITDA:$146,360

Gross Revenue:$347,000

Established:1946

Business Description

THE BRONX IS BOOMING ESPECIALLY THIS NEIGHBORHOOD.
A ONCE-IN-A-LIFETIME opportunity. Seller will finance discounted inventory.
ALL OFFERS CONSIDERED.
Buy a solid established business that generates great income.
Money invested back in less than 2 years.
Great super dense residential neighborhood with a high percentage of NEW HOME OWNERS who take pride in their homes.
Large apartment buildings throughout the neighborhood.
High foot traffic location by subway.
Store sells everything every renter and home owner needs to maintain and repair their home.
Great LOCKSMITH/KEY business with new equipment.
High margin plumbing pipe business with pipe cut to order.
Rear yard is 3,500 SF and is ideal to convert to a drive-in lumber yard.
High seasonal Rock Salt sales. Rock Salt inventory is not included in inventory.
Sign & send the attached NDA for more information.

Ad#:1584176

Attached Documents

NDA

Detailed Information

Inventory:

$75,000
Included in asking price

Facilities:

2,300 SF store with 10 year lease at $6,800/month with $200/Month increases every 2 years. Real Estate taxes $2,000/YEAR. 3,500 SF rear yard with rental parking and adjacent store sublet to hair salon. Sublet hair salon store can be delivered vacant to expand the store. Generates an additional $41,400/Year added to Net Income. Current inventory of over $75,000.00 included in price.

Competition:

The only neighborhood hardware store in this dense residential neighborhood. Store is surrounded by large apartment buildings an houses. Large percentage of the areas 2 family houses residents are homeowners. The store carries all the necessary hardware for all types of home repair and maintenance. New key machines for the latest electronic car and apartment keys. Equipped to cut and thread all types of pipe.

Growth & Expansion:

Unlimited potential to supply the apartment building supers and management companies in the area with janitorial supplies and all items for apartment building maintenance and repairs.

Financing:

Seller financing available

Limited Seller financing available to qualified buyer

Support & Training:

Owner will fully transition.

Reason for Selling:

Retiring

Business Location

Location:: Bronx County, NY
Real Estate:: Leased
Building SF:: 2,300
Lease Expiration:: 12/31/2035
Rent:: $6,800.00

Demographic Information for Bronx County Area Household Income Population Age Population Trend Population by Race/Ethnicity: BizBuySell EDGE

Real Estate Insights Monthly Lease Rate per SF Sale Price per SF: BizBuySell EDGE

Metro Area Scores Walk Score Transit Score: BizBuySell EDGE

Financial Benchmarks for New York Building Material and Hardware Stores Gross Revenue Benchmarks Cash Flow (SDE) Benchmarks EBITDA Benchmarks: BizBuySell EDGE

Listing Statistics Saved This Listing Listing Last Updated Appeared in Search Listing Detail Views: BizBuySell EDGE

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Business Listed By:
Brian Elkin Elkin & Lee Realty & Business Advisors

Ad#:1584176

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
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