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  • RE:  Long Established Rural Hardware Store (RE Avail)
  • Contact:  Michael Whitesel

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $646,330
Net Profit: Not Disclosed
Cash Flow: $133,596
Total Debt: Not Disclosed
FF&E: $85,055
Real Estate: $1,397,700
Year Established: 1925
Employees: 3
BBN Listing #: 936245
Broker Reference #: 59071-449200

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Business Overview:

A wonderful rural southwest Washington community retail store selling hardware, building materials and more. The business has been in the same family since the 1970s. Inventory cost of ~$186K (subj. to change) not included in price. Buildings and land priced separately at $1,200,000. Located between the metro areas and the Coast, this business is nestled in a lovely town without being isolated. Seller willing to consider terms on the business with a strong offer on the property.

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Property Features and Assets:

Real Estate Asking Price: $1,397,700.00

Market Competition and Expansion:

Competition:

This hardware store has been a successful community resource for many decades. It is the only hardware store in the county and there are no other hardware retailers within 30 minutes.

Expansion:

Beyond the typical ups and downs of the economy, the business has built a foundation on exceptional customer service. Customers are pleased that they can come in and be helped personally in contrast to the big box stores like Lowe's or Home Depot.

There are opportunities to increase revenue by expanding some of the core departments. For example, Plumbing is the largest department with the most profitability and expanding on that would be a bonus. There is a lawn and garden section in which they have kept a plant nursery section in the past. If paint is well stocked, it will sell through quickly.

Reason for Selling:

Retiring

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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