Hardware Store, Established & Profitable

Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 29931266
Property Subtypes: Home and Garden
Status: Pending
Building Size (RSF): 3,750 SF
Sale Price: $450,000 - 650,000
Name of Establishment: Jones Hardware
Year Business Established: 1981
Gross Revenue: $561,000 (Annual)
Cash Flow: $90,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to sellers at closing.
Last Updated: 6/8/2018

Overview / Comments

Hardware stores serving rural markets are in demand. They make great family businesses. Offered is a community hardware store in a great location. This business offers a full selection of home, garden, hardware items, and a lot more to a very loyal customer base.

This business can be purchased without the real estate at a price of $450,000. Sellers are willing to sell the real estate for $250,000 or will lease.

Full business opportunity details can be founded at http://www.bizbuysell.com/brokers/Listings/BuyerBlast/Upsell.aspx?Q=1242052

Additional Details

Nearest MSA: Johnson City
County: Unicoi
Industry Segment: Hardware and DIY Retailing
Reason for Selling: Retirement to enjoy grandkids.
Value of Inventory Included ($): $175,000
Value of Furniture, Fixtures, and Equipment ($): $20,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: Sellers are willing to lease for an initial term of 5 years at $3,000 triple net. Lessee will be responsible for all maintenance except the roof, which sellers will maintain. Lease purchase is also a possible.
Employee/Labor Description: Currently family run with two additional fulltime employees and seasonal part-time.
Mgmt/Training Support Description: Will assist new owner in transitioning and introduce to vendors and supplier representatives.
Competition/Market Description: This store location enjoys little competition due to its convenience to D-I-Y customers and distance from any significant competitors. It has exceptional ingress and egress as well as abundant parking. No need to fight big crowds or long waiting lines.
Growth/Expansion Opportunities: Several opportunities exist to boost sales. As is many times the case, the current owners have not embraced or implemented technology or internet and social media capabilities to attract customers. Merchandise can be reconfigured to drop less profitable items and add new merchandise and/or departments. Examples would include expanding wine and beer making supplies, beekeeping supplies, etc.
Seller Financing Description: Perfect candidate for SBA financing.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,476 16,700
Median Age: 44.73 44.14
Households: 1,883 6,986


TCI Group - Jerry Petzoldt Agency

402 E. Main Street, Ste 2
Kingsport, TN 37660
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Listing Provided Courtesy of ValueSource Business Advisors — 423-930-4237

The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.