Texas Hardware And Power Equipment Retailer And Repair For Sale

Business description

The Company is best known for its personal and knowledgeable service and prompt, honest repair of small lawn and garden equipment and sale of hardware tools and supplies. Serious competition to the “big boxes” where personalized attention is non-existent. Walk into this store, and you are immediately greeted by someone knowledgeable who can answer your question and explain how the repair can be accomplished! Experience that friendliness and knowledge that as a customer, know that your time is valuable and finding the right parts and return quickly to actually do the project. In addition to the traditional hardware and outdoor power equipment, approximately 35% of the Company’s revenues are generated by service and repairs to the power equipment. This is neither an offer to sell nor a solicitation to sell securities.

Property information

Location:

The local county and community continues to experience growth despite the continued recession. Located at the very busy intersection of two heavily traveled roads, the store is situated in an area loaded and growing with middle and upper class single family residential housing. This corridor is ripe for continued expansion, both residential and commercial to support the growing number of families moving into the area.

Premises details:

12,000 sq ft approx. Leased from owner at reasonable rental rate.

Business Operation

Expansion potential:

Located at the very busy intersection of two heavily traveled roads, the store is situated in an area loaded and growing with middle and upper class single family residential housing. This corridor is ripe for continued expansion, both residential and commercial to support the growing number of families moving into the area.

Competition / Market:

"Big boxes" are approximately 10 miles away, with no direct competition within local area.

Reasons for selling:

Retirement

Trading hours:

8-6 M-S; 1-5 Sunday

Employees:

8 FT; 3 PT

Years established:

1988

Other information

Support & training:

Owners are willing to remain for a reasonable transtion period and sign a covenant not to compete

Owner financing:

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

Financing available:

Owner will consider financing a portion of the transaction, depending upon other terms of the offer.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$250,000 (included in the asking price)