True Value Hardware Store In Bergen County For Sale

Business description

This full-line tru-value hardware retail establishment has been servicing the surrounding towns in bergen county for 30 years. They have the tru-value purchasing agreement which gives them competitive purchasing power. The manager will also perform custom carpentry work as required by customers. The manager and 2 employees run the store for an absentee owner (who is anxious to retire) and would train and stay in the event of a sale if required by the new owner.


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Property information

Real Estate:

Lease

Lease terms:

Lease Expire: 7/1/2020
Lease Security: $6,800
Monthly Rent: $3,400

Location:

New Jersey (Bergen County)

Premises details:

This main street location is perfect for this 3800 square foot retail store with extra storage and facilities for custom carpentry work .

Size in square feet:

3,800

Business Operation

Expansion potential:

Opportunity for growth by advertising and on-line sales

Competition / Market:

In business over 30 years and is the important hardware store in the area. No direct local competition

Reasons for selling:

Owner is anxious to retire

Trading hours:

9-6 M-SAT

Employees:

3

Years established:

1980

Franchise terms

Franchise opportunity:

Yes

Tru-value purchasing power

Other information

Support & training:

Seller will completely train . Simple retail experience only required

Financing available:

Seller will finance $200,000

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$175,000 (included in the asking price)

Home based:

This business can be run from home.