Hardware & Garden Store SC2037

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Hardware & Garden Store SC2037

Listed by Business Broker

Asking price $850,000

Amador, CA


Cash Flow: $239,485

Gross Revenue: No Data

EBIT DA: No Data

FF&E: $125,000

Inventory: $440,000

Established: 1993

Type: Franchise

Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento
(916)8002090


Business Description:

This Northern California based company has been in business for over 27 years serving the local community with hardware and garden supplies. This is a well established retailer in the area, renown for their selection of home and garden needs. They are known for their friendly service, knowledgeable staff and for delivering "helpful" to each of its customers. This location is well-known as the go-to place for home maintenance and DIY fix ups. The community also has a large percentage of older and historical homes, and these customers have come to rely on this store for their unique product needs. They are able to reinforce this with their locally-owned reputation for shopping convenience, helpful friendly service and a product selection which is geared towards the region and its seasonality. The sale does NOT include Real Estate with a 13,000 square foot building that was remodeled in 2016 and solar system installed in November 2019. However, real estate purchase is available as an option to include with the purchase of the business for an additional price. Broker: ProEquity Asset Management Corporation License ID: 01870526


Competition Description

Customers vary from homeowners (majority) to industrial and commercial. This location is a staple in the community, and with the global pandemic has reinvigorated its position and is having one of the best years on record for the business. There is competition in the market, but not with the intimacy level this location provides through its wide array of inventory and well-trained staff. Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie. With the work from anywhere shift going on, more and more families are moving to the area which will result in increased sales in the future as well. There are no other veritable hardware stores within a 10 mile radius, and it is unlikely another retailer will come into the area any time soon.


Growth / Expansion overview

There are opportunities to continue the store's sales increase with new initiatives under new ownership, which could include more enhanced marketing (digital and print) and expansion in geographical area of marketing.


Support / Training Comments

The Seller is willing to provide training for 30 days and General Consultation for 60 more days.


Financing Comments

Asking price of $850,000 does not include the property. Property is available if Buyer is interested, otherwise Seller will keep property


Reason For Sale

Sellers are looking to semi retire and pursue other adventures.

Broker: ProEquity Asset Management Corporation
License ID: 01870526

This Northern California-based company has been in business for over 27 years serving the local community with hardware and garden supplies. This is a well-established retailer in the area, renowned for its selection of home and business needs. They are known for their friendly service, knowledgeable staff and for delivering "helpful" to each of its customers. This location is well-known as the go-to place for home maintenance and DIY fix-ups. The community also has a large percentage of older and historical homes, and these customers have come to rely on this store for their unique product needs. They are able to reinforce this with their locally-owned reputation for shopping convenience, helpful friendly service, and a product selection that is geared towards the region and its seasonality. The sale does include Real Estate with a 13,000 square foot building that was remodeled in 2016 and a solar system installed in November 2019.


Competition Description

Customers vary from homeowners (majority) to industrial and commercial. This location is a staple in the community, and the global pandemic has reinvigorated its position and is having one of the best years on record for the business. There is competition in the market, but not with the intimacy level this location provides through its wide array of inventory and well-trained staff. Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie. With the work from anywhere shift going on, more and more families are moving to the area which will result in increased sales in the future as well. There are no other veritable hardware stores within a 10-mile radius, and it is unlikely another retailer will come into the area any time soon.


Growth / Expansion overview

There are opportunities to continue the store's sales increase with new initiatives under new ownership, which could include more enhanced marketing (digital and print) and expansion in a geographical area of marketing.


Support / Training Comments

The Seller is willing to provide training for 30 days and General Consultation for 60 more days.


Financing Comments

The asking price of $2.6M includes real estate as well as the business


Selling Reason:

Sellers are looking to semi-retire and pursue other adventures.

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