Community Hardware Store w/ Lumber Yard

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-920675 Motivated Seller! Established in 1972, this family-owned hardware business is celebrating its 50th year! This neighborhood supply store with lumberyard has been a staple in its community and is located on the main strip, on almost 1.6 acres of property (available for an additional $1,875,000). Its customers are made up of local and neighboring residents, tradesmen, builders, and commercial clients, including B2B account house accounts. In addition to the existing land improvements and FFE that will transfer with the business, a new office space was recently built out (at a cost of $30,000+) and a new POS system implemented in March, 2021 ($30,000) which has greatly assisted in providing data to prepare the business for the future. This business is ready to be refreshed and introduce new offerings relevant to the growth and coastal location of the community. Sellers data indicates a minimum owner benefit of approx. $180k annually. Only cash buyers for the business - lending is not available, however, partial seller financing will be considered. A commercial real estate loan is expected for the property itself. Only buyers acquiring both the business and real estate will be considered at this time. Listing price was determined using a multiple of annual owners benefit, plus inventory at cost (which was recently valued by an independent third party, for $665k). Inventory will be confirmed immediately prior to Closing, which may increase - or decrease - the final sales price. Contact BOBBI COFFEY at Transworld Business Advisors of Houston 832-481-4406. Opened in 1972, this family-owned business has been a community staple, providing all the hardware needs of their customers for 50 years. By 1983 they added two 60x80 metal buildings followed by an attached lumber yard and currently operate out of 14,400 SF. They joined a franchise co-op in 1984 which offers oustanding support yet allows for individual independence. There is no competition in at least a 5-7 mile radius. This year a new, point of sale system was installed as well as a new interior office space and breakroom has been built out, both in anticipation of preparing for sale. Otherwise, this business has operated much the same as what mom and dad handed down. As such there are opportunities to refresh product lines, update the presentation of the business and modernize the property to take full advantage of the surrounding commercial and residential customer base that continues to grow well above the national average. The franchisor also offers excellent support in both product/sales development and growth plans. 1.578 Acres including 2 - 60x80 Metal Buildings and attached lumber yard owned by Seller. Location: Galveston County, Texas Year Established: 1972 Number of Employees: 11