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Motivated Seller! Price Reduced to value of inventory, plus less than 2X SDE! Real Estate mush be acquired as well, which is an additional $1.75M.
Established in 1972, this family-owned hardware business is celebrating its 50th year! This neighborhood supply store with lumberyard has been a staple in its community and is located on the main strip, on almost 1.6 acres of property (available for an additional $1,750,000). Its customers are made up of local and neighboring residents, tradesmen, builders, and commercial clients,
In addition to the existing land improvements and FFE that will transfer with the business, a new including B2B account house accounts. office space was recently built out (at a cost of $30,000+) and a new POS system implemented in March, 2021 ($30,000) which has greatly assisted in providing data to prepare the business for the future. This business is ready to be refreshed and introduce new offerings relevant to the growth and coastal location of the community. Sellers data indicates a minimum owner benefit of approx. $180k annually. Only cash buyers for the business - lending is not available, however, partial seller financing will be considered. A commercial real estate loan is expected for the property itself. Only buyers acquiring both the business and real estate will be considered at this time.
Listing price was determined using a multiple of annual owners benefit, plus inventory at cost (which was recently valued by an independent third party, for $665k). Inventory will be confirmed immediately prior to Closing, which may increase - or decrease - the final sales price.
Opened in 1972, this family-owned business has been a community staple, providing all the hardware needs of their customers for 50 years. By 1983 they added two 60x80 metal buildings followed by an attached lumber yard and currently operate out of 14,400 SF. They joined a franchise co-op in 1984 which offers oustanding support and buying power, yet allows for individual independence.
There is no competition in at least a 5-7 mile radius.
In early 2021 a new point of sale system was installed as well as a new interior office space and breakroom was built out, both in anticipation of preparing for sale. Otherwise, this business has operated much the same as what mom and dad handed down. As such there are opportunities to refresh product lines, update the presentation of the business and modernize the property to take full advantage of the surrounding commercial and residential customer base that continues to grow well above the national average. The franchisor also offers excellent support in both product/sales development, nationwide advertising and growth plans.
Opened in 1972, this family-owned business has been a community staple, providing all the hardware needs of their customers for 50 years. By 1983 they added two 60x80 metal buildings followed by an attached lumber yard and currently operate out of 14,400 SF. They joined a franchise co-op in 1984 which offers oustanding support and buying power, yet allows for individual independence.
There is no competition in at least a 5-7 mile radius.
In early 2021 a new point of sale system was installed as well as a new interior office space and breakroom was built out, both in anticipation of preparing for sale. Otherwise, this business has operated much the same as what mom and dad handed down.

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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.