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37753 – Century-Old Kansas Hardware Store with Stable Growth!

RetailFor Sale in KS

Financial & Assets Details

$1,623,975
$220,000
$177,777
$750,000
Yes
$100,000
14,000+/-

About the Business

Yes
Opened 1924; Incorporated in 1976 & Acquired in 1987.
10 nonunion.
Yes

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. Contributing to the other 50% of revenue are the contractors specializing in plumbing (20%), electrical (15%), and HVAC (15%). Offering a one year warranty for sales and services, 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 7.8K square foot showroom, warehousing space of 6K square feet and a large office. The Real Estate is included in the Asking Price, however, a lease is negotiable. The facilities are in excellent condition. Assisted by an experienced team of ten nonunion employees and a General Manager, the seller is available for a standard transition and the company is ready to continue operations with minimal owner involvement. Besides benefiting from a strong social media presence & advertising plans, promotion efforts include an online presence with 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. The average sales growth rate is 4.6%. The 2021 projections are at $1.65M, with last year’s Total Revenues reaching $1,623,975 and Discretionary earnings near $220,000, based on an independent evaluation!

Seller Financing

Negotiable up to 20% for the right buyer.

Support & Training

Standard Owner Transition Period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.

Listing ID: 37753 - Century-Old Kansas Hardware Store with Stable Growth!

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