Business Overview

This well-loved hardware store has experienced astronomical growth in revenue, earned a very loyal customer base, and become an integral part of its community since its inception 5+ years ago.

The future owner(s) of this successful business will benefit from the following:
* Reputation for providing above and beyond customer service with a focus on problem-solving.
* Extremely loyal local customers.
* Large and well-stocked distributors.
*. Diverse inventory and service offerings.
* 100+ commercial and municipal accounts that provide a solid base for sales.
* Growing business that has thrived throughout the pandemic.

Financial

  • Asking Price: $699,000
  • Cash Flow: $247,300
  • Gross Revenue: $1,294,200
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The building includes an expansive selling area, a large back room, and an outdoor selling area.

Is Support & Training Included:

The current owners want the business to be a success for the new owner(s), its employees, and its customers. As such, they are willing to assist in the training and transition of the business.

Purpose For Selling:

The owner is retiring.

Pros and Cons:

There are no direct competitors within 10 miles.

Additional Info

The business has 10 employees and is situated in a building with disclosed square footage of N/A sq ft.
The building is leased by the company for $3,400 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell companies. However, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other factors. This is why it is extremely crucial that you not count completely on a vendor's word, however instead, make use of the seller's response combined with your total due diligence. This will repaint a more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in new clients? Most times, companies have repeat consumers, which create the core of their everyday revenues. Specific factors such as brand-new competitors sprouting up around the location, roadway building and construction, as well as employee turn over can influence repeat clients as well as negatively influence future revenues. One important point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the opportunity to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional average home income effect future income prospects?