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Broker Contact Information |
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Well Known Profitable Hardware Business | Listing ID: 20318 |
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| Asking Price: |
$300,000 |
Status: |
Active |
| Business Type: |
Retail - Building Materials, Hardware, Garden Supply | Wholesale - Others |
Reference #: |
06HAR01 |
| Business Location: |
New Jersey |
Broker Coop: |
No |
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Bergen County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$700,000 |
Full-Time Employee: |
2 |
| Cash Flow: |
$149,000 |
Part-Time Employee: |
1 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
S Corporation |
Leased SqFt: |
6,000 SF |
| Year Established: |
1980 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
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Lease Exp.Date: |
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| Franchise: |
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Original Lease (# of yrs): |
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| Liquor License: |
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Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
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| Parking Space(#): |
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Lease Renewable: |
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| Hours of Operation: |
Mon-Fri 7:30am-5:00pm, Sat 8;30am-1:00pm, Sun closed |
Lease Transferable: |
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| Reason For Sale: |
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Rent Increase: |
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| Seller Training Available: |
Yes |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
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| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$25,000 |
Seller Financing Term(years): |
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| Inventory Included: |
No |
Annual Interest Rate: |
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| Inventory Value: |
$150,000 |
Min. Down Requested: |
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Business Description |
This hardware business has been flourishing for 28 years and is part of one of the well know hardware cooperatives. The present owner is absentee and lives 800 miles away. The present manager has been with the business for 20 years and would like to stay on. The seller's cash flow is separate from what the manager gets paid. 85% of business is commercial which is why it closes each day at 5:00pm.. Its customer base is loyal due to the large variety of inventory and friendly service. This hardware business also has a lucrative window screen repair service. The present owner owns the real estate and is willing to give a long term lease to a buyer. |
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