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Hardware and Garden Supply Store SC2037


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Hardware & Garden Store + Real Estate SC2037

**Real estate included in price. Business + Real Estate**

 Financial Information

  • Asking Price: $2,600,000
  • Gross Revenue: ON REQUEST
  • Cash Flow: $239,485
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $125,000
  • Inventory: $440,000
  • Financing: No
 

 Business Location

  • Confidential
  • California
 

Primary Business Category:

This Northern California based company has been in business for over 27 years serving the local community with hardware and garden supplies. This is a well established retailer in the area, renown for their selection of home and business needs. They are known for their friendly service, knowledgeable staff and for delivering "helpful" to each of its customers. This location is well-known as the go-to place for home maintenance and DIY fix ups. The community also has a large percentage of older and historical homes, and these customers have come to rely on this store for their unique product needs. They are able to reinforce this with their locally-owned reputation for shopping convenience, helpful friendly service and a product selection which is geared towards the region and its seasonality. The sale does include Real Estate with a 13,000 square foot building that was remodeled in 2016 and solar system installed in November 2019.

 

Broker: ProEquity Asset Management Corporation License ID: 01870526

Competition Description

Customers vary from homeowners (majority) to industrial and commercial. This location is a staple in the community, and with the global pandemic has reinvigorated its position and is having one of the best years on record for the business. There is competition in the market, but not with the intimacy level this location provides through its wide array of inventory and well-trained staff. Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie. With the work from anywhere shift going on, more and more families are moving to the area which will result in increased sales in the future as well. There are no other veritable hardware stores within a 10 mile radius, and it is unlikely another retailer will come into the area any time soon.

Growth / Expansion overview

There are opportunities to continue the store's sales increase with new initiatives under new ownership, which could include more enhanced marketing (digital and print) and expansion in geographical area of marketing.

Support / Training Comments

The Seller is willing to provide training for 30 days and General Consultation for 60 more days.

Financing Comments

Asking price of $2.6M includes real estate as well as the business

Financing Comments

Asking price of $850,000 does not include the property. Property is available if Buyer is interested, otherwise Seller will keep property

 

Reason For Sale
Sellers are looking to semi retire and pursue other adventures.
  • Home Based: No
    •  
  • Year Established: 1993
    •  
  • Franchise: Yes
    •  
  • Year Acquired: 1993
    •  
  • Willing to Train: Yes
    •  
  • Relocatable: No
    •  
  • Required Licences:
  • Is Property Leased: Yes
    •  
  • Real Estate Available: Yes
    •  
  • Real Estate Included: No
    •  
  • Real Estate Value: $2,400,000
    •  
  • Real Estate Asking: $1,750,000
    •  
  • Days Open: Monday-Sunday
    •  
  • Hours Open: 8am to 5pm
    •  
  • Fulltime Employees: 7
    •  
  • Part time Employees: 8
    •  
  • Is Management Staying: No
    •  
  • Distressed: No
    •  
  • Monthly Payroll: ON REQUEST
    •  
  • Building Size: 13,000 sq. ft
    •  
  • Monthly Rent: $9,600
    •  
  • Lease Miscellaneous: 10,000 building, 3,500 for garden center and storage

Broker: ProEquity Asset Management Corporation. License ID: 01870526



Listed By: Brett Sargent

Background information

Reference:

SC2037

Year established:

1993

Reason selling:

Sellers are looking to semi retire and pursue other adventures.

Finance

Profits:

$433,111

Profit type:

Discretionary Earnings

Operations

Employees:

Fulltime Employees: 7 Part time Employees: 8

Equipment:

Upon request

Inventory:

Upon request

Premises

Facility:

Lease Miscellaneous: 10,000 building, 3,500 for garden center and storage

Square footage:

13,000 sq. ft

Rent and lease terms:

Building Size: 13000 sq. ft Monthly Rent: ON REQUEST

Location:

Norther California

Opportunities

Growth:

There are opportunities to continue the store's sales increase with new initiatives under new ownership, which could include more enhanced marketing (digital and print) and expansion in geographical area of marketing.

Price and terms

Price:

$2,600,000

Financing:

Financing Comments Asking price of $850,000 does not include the property. Property is available if Buyer is interested, otherwise Seller will keep property. Option to buy Real Estate: Real Estate Asking: $1,750,000 Real Estate Value: $2,400,000

Training:

Support / Training Comments The Seller is willing to provide training for 30 days and General Consultation for 60 more days.