Hardware Store
Location North Carolina,United States
Asking Price Range $250K - $500K
Gross Revenues $346040
Net Profit / Cash Flow $63748
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1976
Number of Employees 4 - 5
Inventory 285000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Death of owner.
Description The nearest competition for this building supply and hardware store in central North Carolina is 20 miles away. The store specializes in retail sales of lumber and plywood, paint, wall coverings, and general hardware. The company sees little competition and unprecedented customer loyalty. About 90 percent of its customers return multiple times for its friendly staff, outstanding inventory, and personalized service. One employee has been with the company for 20 years and another for 10 years. Employees are incredibly knowledgeable and treat every customer like family. The business has a good profit ratio and potential for growth. Through marketing and networking with local contractors, a new owner has the opportunity to quickly increase the business' gross revenue.
The shop is located in eastern North Carolina and is within driving distances of two international airports. The small, charming town is near major routes such as US 421 and US 64. The business serves a total population of 8,500 citywide and 50,000 countywide. The strong economy is based on agriculture, lumber and wood products, textiles, brick making, metalworking, and poultry production. Other points of interest within the area are outdoor sports, parks, golfing, historical sites, and annual events and festivals.
The business is in a leased two-level building with a large sales floor, offices and warehouse. It is easily accessible, has plenty of parking, and is on a busy commercial street. Contact for more information on this Hardware Store for sale.
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