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Hardware Store - Commercial & Residential Income
Location: United States -> California -> Southern California - All Southern California -> Blythe
Industry: Retail > Home and Garden Retail




Business Summary

This well established hardware store is its community's undisputed one stop shop for all things hardware and construction related. The business, which was established in the mid-1970s, provides its loyal client base all of the tools and products needed including all of the big name brands (e.g. Black & Decker, DeWalt, Makita, etc) with access to any specialty brands or items sought. The sale includes the 4,000 square foot hardware store, a separate office / retail store, lumber yard, and three residential income properties over three parcels totaling nearly 3 acres.

Asking Price $1,200,000

The sale includes all of the business's furniture, fixtures, equipment, property and residential income. The business owns a forklift and a flatbed delivery truck. The company's $300,000 in inventory will be sold at cost, in addition to the asking price.

Due to the nature of the smaller community the store is located in, they do not face direct competition from head to head competitors or big bog stores like Home Depot and Lowes. It is estimated that the nearest competing store is nearly an hour away, while the closest big box competitors are estimated to be nearly 100 miles away.

New operators may wish to develop the land, which is zoned commercial in front and residential in the rear. Since the business is somewhat seasonal with the Canadian and other snowbirds visiting during the winter months, the current owners have explored constructing an RV (recreational vehicle - motor home) park, or constructing a retail strip mall. They could also convert their office / retail space or residential properties to service oriented or retail operations, but have held off on this to allow a buyer to seize these opportunities as they see fit. The company offers short term credit to regular customers with 30 day terms; however they limit this. New operators could offer financing and earn interest shall they wish to.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $979,585
Cash Flow:   $209,567
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1974
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  2 weeks at 20 hours/week
Reason For Selling:  Retirement

Photos

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Hardware Store - Commercial & Residential Income Photo 1




Print Listing Id: 700242670
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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