Resort Retail & Service Business With Great Cash Flow For Sale

Business description

This growing, profitable Ace hardware and home center is situated in 4-season, Vermont resort. Sales are growing will reach $2.7 million this year, and will generate an operating profit of $250,000 to the owner. The expansion into kitchens is growing quickly and will enable the business to expand into broader geographic territory. The business has been will priced at its asset value to enable the owner to pursue his other interests.

Property information

Premises details:

The business is located in a 12,000 sq. ft building which is include in the sale. The business occupies 10,000 sq. ft, and 2,000 sq. ft is leased. In addition, there is about 9,000 sq. ft of warehouse and lumber storage, all on 3.41 acres. The store is well organized with traditional fixtures. Various vehicles and equipment are included.

Other information

Expansion potential:

Revenue grew by 17% last year, and year to date financials indicate the business is growing by another 20%.
Continuing to expand the kitchen and millwork (doors and windows) trade, modernizing and expanding the store into the space leased as a professional office (May 2011), adding a tool and equipment rental department, making the business more female friendly and possibly extending hours slightly will all enhance the business.

Competition / Market:

There are competing businesses in the immediate area as well as the region. One building supply business which sells hardware is a few miles away, and there is another hardware/variety business. There are other building supply businesses in the region.

Support & training:

Seller will provide training, and as the hardware store, is in the “Ace” system, “Ace” provides excellent training in many aspects of operating this type of business.

Reasons for selling:

The owner recently sold his propane company, and the sale of this business will enable him to pursue other interests

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Will consider financing a portion of the transaction as necessary.

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$475,000