Downtown Hardware Store with inventory and real estate

Price: $600,000

Location: Thomasville, AL

Industry: Building Materials and Hardware Stores

Listing ID: 1-31

Listing Status: New

Description

This business has been in the family for 2 generations. Lots of hard work has built this business. The owner says it is time to retire. Buy a business that is a staple to the community. They sell tools, hardware, plants, paint, grills and smokers, outdoor items, lawn and garden, building supplies, lumber, plumbing, electrical, and hvac. This building is 2 story and has a gift shop upstairs that comes with the business. The tax value of the real estate which is normally low is $275,000. Wholesale inventory is currently $325,000. Current owner doesn't even have a website for the business. There is a lot of growth that can be achieved by a presence on the web.
Owner willing to stay on for transition and also willing to help occasionally after transition for a fee. They are open 6 days a week and have an amazing following in the community. There is room for growth and improvements. Business can sell with or without building. Also the supplier is willing to participate in upgrading the store and bringing it into 2022. They will share costs at a 50% rate or higher.

LISTING DETAILS

Total Sales: $792,855

Cash Flow: $90,000

FFE: $50,000

Inventory: $325,000

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LISTING BROKER

Gene Townley

Gene Townley