Listing ID: 6641
This metro Atlanta Ace Hardware Store is in a suburban location with a great demographic profile. The business and real estate are offered in a combined sale. The business location, building and real estate are top notch. The hardware store sells all the traditional hardware store items and has an outdoor power equipment sales and service component as well.
- Asking Price: $2,500,000
- Cash Flow: $192,000
- Gross Revenue: $1,690,000
- EBITDA: $111,000
- FF&E: $300,000
- Inventory: $650,000
- Inventory Included: N/A
- Established: 2015
- Building Square Footage:12,192 Sq Ft
- Furniture, Fixtures and Equipment:$300,000
The business operates from a very nice, modern 12,192 SF building (5 years old) with a large concrete parking area.
This store is located minutes away from several large existing residential communities. Shopping at this store avoids the hustle and bustle of going to the big box hardware stores and saves considerable time. A great opportunity for an owner operator with high day to day involvement.
The company was established in 2015, making the business 5 years old.
The sale does include inventory valued at $650,000, which is included in the asking price.
Additionally, Furniture, fixtures and equipment valued at $300,000 is included in the requested price.
The company has 16 employees and is located in a building with disclosed square footage of 12,192 sq ft.
3 Things to Consider When Researching Hardware for sale in Georgia
Buying a business is one of the greatest choices you will certainly make in your life time. Picking wisely can cause incredible financial advantages for you, your loved ones, as well as your retirement. Nonetheless, in order to make a correct decision, you need to take into consideration a number of points.|In order to make a proper choice, you should consider a number of points.} Below are 3 essential items to think about prior to purchasing a company in Georgia.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell Hardware. Nonetheless, the real factor and the one they say to you might be 2 totally different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is very essential that you not count completely on a seller's word, however instead, utilize the seller's solution together with your overall due diligence. This will repaint a more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of Hardware finance loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be met or may lead to penalties if canceled early.
Understand the Customer Base, Competition and Area Demographics
Just how do Hardware in the Georgia area draw in brand-new customers? Many times, Hardware have repeat consumers, which create the core of their day-to-day revenues. Particular factors such as brand-new competitors growing up around the area, road construction, and staff turnover can influence repeat clients as well as negatively impact future earnings. One important thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the opportunity to develop a returning customer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the local mean house earnings effect future earnings potential?