Successful Hardware Store
Location: Washington > Whatcom County > Bellingham
Industry: Home and Garden > Hardware and DIY Retailing
Financials
Asking Price: $1,127,855
Gross Revenue: $985,000
Gross Revenue Comments: Increases every year
Cash Flow: $255,571
Cash Flow Comments: Increases every year
Inventory: $250,002 (Included in Asking Price)
FF&E: $393,743 (Included in Asking Price)
Seller Financing: Financing is available from local banks
Business Summary
This store is part of a national chain of owner operated and investor owned stores. The store is built on a service philosophy with an extensive product line backed by one of the best known brand names in business. Their unbelievable buying power puts you in the position for success. This store is in a unique location in a very desireable part of western Washington. The area provides a wonderful quality of life for the owner and has no big box store competitors. The company has a reputation for outstanding service and customer support that have produced a consistent uninterrupted increase of sales revenue every year since the store was opened. The national marketing program, one to one marketing programs and the powerful brand name drive traffic to this store. You will also have the diversity, stability and opportunity made possible by multiple revenue centers.
About the Business
Year Established: 1996
Employees: 5 full time - 4 part time
Franchise: Yes
Facilities: Store is located in great location, in major retail center of this community. Building fits local community character. Strong demographics in local area provide support for this retail operation. Approximately 4,500square feet of retail space and 4,500 square feet of covered warehouse space.
Market Outlook and Competition: Competition: There is a local lumber yard in area that does supply some hardware items but there are no big box stores in the local market area and really there is no direct competition in the immediate local area. This company has solid history and excellent reputation for quality service and top brand name products. Growth/Expansion: There is opportunity for growth for a buyer who is aggressive and desired to expand business into several new areas of the market. This business thrives on customer service, convenience and brand name recognition.
About the Sale
Management Training and Support: Complete training is available from national organization. National company will provide local support manager. Owner will provide 30 days of training and will be available after sale in local area for additional help and assistance.
Reason For Selling: Owner is retiring after 30 years in the Hardware business.

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Listing Tools
BizQuest ID:862775
Seller ID:AL 202
Business Listed By
Name:Al Larson
Company:Northwest Business Advisors Inc.
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