Details

A very rare opportunity to take over one of the longest-running and most profitable hardware and lumber operations in Northern Connecticut. Exceptional growth opportunities and ASK PRICE INCLUDES massive commercial property, equipment, FFE, inventory and EVERYTHING else you need to start making money in this turn key business.

Centrally located retail hardware and lumber business, family owned since 1967.

* Repeat, loyal, well-established customer base/client business relationships.

* Onsite glass cutting, window and screen repair, chain saw sharpening, chain and rope services, key cutting, paint color match computer service, and material deliveries available.

* Asking price includes PRIME COMMERCIAL REAL ESTATE.

Facilities:
* Centrally located near Main St and downtown Putnam shopping area
* Only Lumber business in Putnam
* 1.28 acres of flat commercial real estate and 6400 SF retail space
* Turnkey - all office equipment, retail shelving and displays, delivery trucks and forklift included
* Ample off-street parking
* New Front entry facade

Competition:
* Only lumber company in town
* Located in downtown area of shopping district
* Closest competition: Lowes - 12 miles away; Home Depot - 17 miles away; Aubuchons Hardware - 1 mile away.
* Tremendous value in the property itself due to the proximity to downtown and shopping

Growth & Expansion:
* Expand building material inventory to improve contractor business
* Extend product (hardware) ship to store option
* Advertise and participate in True Value promotions and sales
* Attend True value’s biannual sales conventions to take advantage of current trends and opportunities
* Provide top notch customer service, treating customers as family
* Expand product lines- Landscaping supplies/garden center/contractor partnerships
* Enhance and computerize inventory management system to improve cash flow

Financing:
Yes, possibly for well qualified buyers. Seller will consider all reasonable offers.

Support & Training:
Owner will stay on for up to 6 months to assist with transition and will be available afterwards via phone.

Reason for Selling:
Retirement

Click the "Contact" button NOW to request an NDA and receive the full offering memorandum for more info.

Learn More

Sign up for a free membership. Get instant access to thousands of listings. Learn about our membership plans.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.