Listing ID: 6637
This a great opportunity for the right buyer. A high-end hardware, nursery and gift store located in a vibrant community. A unique business that is well known and highly regarded in the local community. Located in a good facility on a major highway with high traffic counts.
- Asking Price: $950,000
- Cash Flow: $83,650
- Gross Revenue: $1,062,140
- EBITDA: $
- FF&E: $83,450
- Inventory: $315,000
- Inventory Included: N/A
- Established: 1999
- Building Square Footage:7,500 Sq Ft
- Furniture, Fixtures and Equipment:$83,450
The hardware & garden center business leases space on a triple net lease from the real estate holding company (also owned by the Sellers). The building is 7,500 sq. ft. in size, sits on 2.14 acres with great frontage on a major highway. The building was constructed in 1999. Seller Discretionary Earnings for the business of $42,400 reflect a lease expense of $41,250 annually for the real estate. SDE for the real estate holding company are $41,250 annually. Combined SDE for the business and real estate are $83,650.
The owner is willing to provide 1 month of training for transitional purposes, the cost of which is included in the asking price.
This is a very unique business in the community distinguished by high levels of service, custom high-end products and services as well as local ownership. The competition are big box retailers and traditional hardware stores. Nothing is the community compares.
The business was started in 1999, making the business 21 years old.
The deal will include inventory valued at $315,000, which is included in the suggested price.
Additionally, Furniture, fixtures and equipment valued at $83,450 shall be included in the listing price.
The business has 15 employees and is situated in a building with estimated square footage of 7,500 sq ft.
3 Things to Consider When Researching Hardware for sale in Floyd County, Georgia
Buying a business is one of the most significant choices you will certainly make in your lifetime. Selecting wisely can result in incredible monetary advantages for you, your loved ones, as well as your retirement. Nonetheless, in order to make a correct choice, you must consider numerous things.|In order to make an appropriate choice, you need to think about numerous things.} Below are 3 vital items to think about before buying a business in Floyd County, Georgia.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell Hardware. Nevertheless, the true reason and the one they tell you might be 2 completely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in profits, or a variety of various other reasons. This is why it is very important that you not depend totally on a seller's word, however instead, make use of the vendor's solution along with your general due diligence. This will repaint a much more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of Hardware borrow money in order to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might lead to charges if terminated early.
Understand the Customer Base, Competition and Area Demographics
Exactly how do Hardware in the Floyd County, Georgia location bring in brand-new consumers? Most times, Hardware have repeat customers, which form the core of their daily revenues. Particular aspects such as brand-new competitors sprouting up around the location, road building, as well as staff turn over can influence repeat consumers and also adversely affect future earnings. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the possibility to develop a returning customer base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the local mean house income influence future revenue potential?