 |
Listing Details - TRU-VALUE HARDWARE STORE
|
TRU-VALUE HARDWARE STORE
()
BERGEN COUNTY , NEW JERSEY - New Jersey, Bergen
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
|
| Listing ID: |
M49879 |
| Status: |
Active |
Listing Details
| Listed Price: |
$400,000 |
| Down Payment: |
$200,000 |
| Total Sales: |
$500,000 |
| SDE: |
$125,000 |
| EBIT: |
|
| EBITDA: |
|
| FFE: |
$30,000 |
Included? Yes |
| Real Estate: |
|
Included? No |
| Inventory: |
$175,000 |
Included? Yes |
| A/R: |
|
Included? |
|
|
| Reason for Sale: |
RETIREMENT |
| Training: |
SELLER WILL COMPLETELY TRAIN . SIMPLE RETAIL EXPERIENCE ONLY REQUIRED |
| Financing Terms: |
Owner will finance $200K |
Operations
| Year Established: |
1980 |
| Last Acquired: |
|
| Form of Ownership: |
S-CORP |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Commercial |
| Absentee Owner: |
Yes |
| Online: |
|
| Employees: |
Full Time: 3 / Part Time: |
| Managers: |
1 |
| Hours: |
9-6 M-SAT |
| Owner Hours: |
|
| Non-Owner Payroll: |
|
| Franchise Info: |
TRU-VALUE PURCHASING POWER |
Location
| Lease Expire: |
7/1/2020 |
| Option: |
|
| Lease Terms: |
|
| Lease Security: |
$6,800 |
| Monthly Rent: |
$3,400 |
| Square Footage: |
3800 |
| Facilities: |
THIS MAIN STREET LOCATION IS PERFECT FOR THIS 3800 SQUARE FOOT RETAIL STORE WITH EXTRA STORAGE AND FACILITIES FOR CUSTOM CARPENTRY WORK . |
Summary
| Business Description: |
THIS FULL-LINE TRU-VALUE HARDWARE RETAIL ESTABLISHMENT HAS BEEN SERVICING THE SURROUNDING TOWNS IN BERGEN COUNTY FOR 30 YEARS. THEY HAVE THE TRU-VALUE PURCHASING AGREEMENT WHICH GIVES THEM COMPETITIVE PURCHASING POWER. THE MANAGER WILL ALSO PERFORM CUSTOM CARPENTRY WORK AS REQUIRED BY CUSTOMERS. THE MANAGER AND 2 EMPLOYEES RUN THE STORE FOR AN ABSENTEE OWNER (who is anxious to retire) AND WOULD STAY IN THE EVENT OF A SALE IF REQUIRED BY THE NEW OWNER.THIS BUSINESS SALE INCLUDES INVENTORY OF $175,000.
FOR iNFORMATION ON THIS LISTING FILL IN AND RETURN THE NDA ON OUR HOME PAGE: www.lisitenassociates.com FILL IN AND FAX IT TO : 212 661-4160 OR EMAIL: mel@lisitenassociates.com
|
| Historical Summary: |
IN BUSINESS OVER 30 YEARS AND IS THE IMPORTANT HARDWARE STORE IN THE AREA. |
| Owner Qualifications: |
THIS CAN BE OWNED BY AN ABSENTEE OWNER AS IS DONE CURRENTLY. |
| Competition: |
NO DIRECT LOCAL COMPETITION |
| Potential Growth: |
OPPORTUNITY FOR GROWTH BY ADVERTISING AND ON-LINE SALES |
|
|
|
|
|
|
|
|
|
|