MergerPlace

Established Lumber & Hardware Business

Iowa


  • Asking Price: $1,200,000
  • Gross Income: $1,075,390
  • Cash Flow: $87,310
  • Real Estate: $650,000
  • Inventory: $400,000
  • FF&E: $150,000
  • Listing ID: #198472
  • Established: 1953
  • Employees: 6 FT

Business Description

Well established Hardware and Lumber business for sale. Business has been a staple in their community for over 60 years. The Hardware side of the business is branded through a well known national buying group and has built a loyal customer base. In addition to the hardware, business also has a lumber division and sells to both homeowners and commercial contractors and handymen. Current owner is looking to retire and would like to find a new owner to serve their customer base and take the business to the next level.


Business Details

Primary Business Category: Retail Trade - Building Material, Hardware & Garden
Location: Iowa

Company Information

Year Established: 1953
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $1,200,000
Gross Revenue: $1,075,390
Cash Flow: $87,310
FF&E: $150,000
Inventory: $400,000
Real Estate: $650,000
Seller Financing Available: No

Property Information

Facilities:

Buildings and Real Estate are well located and in very good shape. Included in the price are three main structures, totaling approximately 16,000 square feet. Additional space is available for sale or lease.

Growth & expansion opportunities:

Lots of potential for growth. New owner can look to expand sales through additional contractors, unique product lines, additional industry growth areas, etc.

Competition:

Not much for local direct competition, but competition does exist regionally. Business has in operation in its current location for over sixty years, and has built an excellent reputation and loyal customer following.

Reason for selling:

Second generation owner looking to Retire.

Support & Training:

Will train for 4 weeks @ no cost. Beside State and Federal licenses, no special licenses or skill are required to operate the business.

Contact Business Seller

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Business Listed By:

Rey Gonzales

Murphy Business Brokers