Business Overview

Price reduced by $350,000. Real Estate included in the Asking Price.

Established over 40 years ago and known for their knowledgeable staff and unique product lines, this hardware store offers in-store lock servicing, paint color matching, glass repair and acrylic sheet cutting along with many other services. Revenue generated is primarily from local homeowners. This location also provides service to area churches, schools, property management companies and other B2B companies.

Contact Dan Altom with Sunbelt Business Brokers at 281-440-5153 for complete details.

REF ID# N1950-DA

Financial

  • Asking Price: $1,100,000
  • Cash Flow: $60,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1985

Detailed Information

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

1.317 Acres in the heart of this small town Real Estate and building are owned by the seller

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Owners are readty to retire

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was established in 1985, making the business 37 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is extremely important that you not count completely on a vendor's word, but instead, use the vendor's solution together with your general due diligence. This will paint an extra reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new clients? Most times, businesses have repeat customers, which develop the core of their daily earnings. Specific aspects such as new competition sprouting up around the area, roadway building, and employee turn over can affect repeat clients and also negatively affect future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the chance to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the regional typical family earnings impact future income potential?