MergerPlace

True Value Building & Land Included

Virginia


  • Asking Price: $995,000
  • Gross Income: $661,820
  • Cash Flow: $39,416
  • Real Estate: $795,000
  • Inventory: $150,000
  • FF&E: $50,000
  • Listing ID: #210438
  • Established: 1954
  • Employees: 2 FT / 10 PT

Business Description

The hardware store comes with not only a big showroom but ample space in and around the land that is owned by them to add a variety of other opportunities. Other than the existing hardware store, the facility is amply suited for other such drawing attractions as Christmas tree sales, farm related products, produce stands, flower, shrub and tree sales, farmers market and perhaps a line of small implements such as zero turn mowers, lawn mowers, weed eaters and the like. This location makes them a premier spot for convenience hardware as they have no competition within a 5 mile radius of the center of town and no competitors from the center of town and roughly 10 miles going west.

Existing ownership has grown weary in recent years and is more than ready to retire which also explains the drop in sales in recent years. New blood, new ideas and some energy would clearly bring this business back to life as it seemed to flourish in years gone by.


Business Details

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

Company Information

Year Established: 1954
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT / 10 PT

Financial Information

Asking Price: $995,000
Gross Revenue: $661,820
Cash Flow: $39,416
FF&E: $50,000
Inventory: $150,000
Real Estate: $795,000
Seller Financing Available: No

Property Information

Facilities:

This business covers half of a city block in faces one of the most heavily traveled roads where it resides. It not only includes a spacious showroom for hardware items but also has ancillary buildings that could be used for other purposes as explained previously. It operates out of a 12,300 square foot retail facility. The structure is a well-built commercial building with gas heat and central air. Located on roughly 1 acre in the middle of town with road frontage on 3 major streets. There is an additional 1,600 sq. ft. building on the property used as a warehouse. In addition to that there is a small storage building on-site making 3 total buildings on the 1.06-acre lot.

Growth & expansion opportunities:

As mentioned throughout, age of owners and lack of energy have contributed heavily to the dropping sales numbers. They are NOT representative of the potential in this land and building acquisition. Clearly, no one could start this business at a better price and have an existing customer base to go with it.

Competition:

Other than a common business license required by the city, this business requires no specialized license with the state.

Reason for selling:

Age and Retirement.

Support & Training:

Other than a common business license required by the city, this business requires no specialized license with the state.

Contact Business Seller

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Business Listed By:

Richard K. Halterman ll

Murphy Business Brokers