Century-Old Kansas Hardware Store with Stable Growth! (37753)

Financial & Assets Details

About the Business

Business Description

Situated in Montgomery County of Southeast Kansas, this hardware store, nearing a century of business, provides an extensive line of high quality products which provides 50% of the revenue. Offering a one year warranty for sales and services, their name recognition and flawless reputation have made it a go-to for clients needing tools and major appliances since inception in 1924! The storefront facilities total 14,000 square feet, complete with a 7,800-sq.ft. showroom, plus warehousing space of 6,000-sq.ft. and a large office. The Real Estate is purchasable outside of Asking Price, or a lease can be negotiable as the facilities are found in excellent condition. Assisted by an experienced team of ten nonunion employees and a General Manager, the seller is available for a standard transition with the company is ready to continue ongoing operations with minimal owner involvement. Besides benefiting from a strong social media presence & advertising plans, promotion efforts include an online presence through their website as well as referrals from their large and recurring customer base. As a result of the company’s wide range of items, from sporting goods and houseware, to paint, garden, and lawn materials, the diverse clientele is 70% Residential, 25% Commercial and 5% Industrial. Showing an average annual Sales Growth rate of 4.6%, 2022 projections reaches over $2 Million after last year’s Revenues totaling $1,905,935 alongside Discretionary Earnings near $394,000. Based on an independent evaluation!

Seller Financing

Negotiable up to 20% for the right buyer.

Location Details:

Property is available for purchase outside of Asking Price!

Support & Training

Standard Owner Transition Period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.