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Established Hardware Store in Affluent Community-Contractor Favorite

Westchester County, NY
True Value Hardware, Paints, Plumbing and Electrical
Asking Price:$495,000
Inventory:$120,000
EBITDA:$219,453
Established Year:1985
Gross Revenue:$1,192,945
Rent:$5,500/Month
FF&E:$50,000
Listing ID: 2217722Listing provided by BizBuySell
BUSINESS DESCRIPTION

This True Value Hardware Store offers all essential products including, Electrical and Plumbing and Emtek Custom Hardware. A Benjamin Moore exclusive distributorship arrangement provides just-in-time inventory which allows for low inventory investment and results in advantageous pricing.

A contractor favorite provides for a steady revenue stream. Also a community favorite with consistent "Five Star" google reviews. Knowledgeable staff will stay on after sale . Long-term lease available with plenty of room for inventory. Store is open 6 days a week providing new owner opportunity for growth.

Real Estate is available in a separate transaction (not included in asking price)

DETAILED INFORMATION
Location
Westchester County, NY
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
1,400
Lease Expiration
28/02/2030
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease includes basement which provides PLENTY OF ROOM FOR INVENTORY STORAGE Real Estate available for sale or lease. Sale of Real Estate is a separate transaction and is not included in listing price.
Competition
Store is a Benjamin Moore Paints exclusive distributor, a sought after brand which drives paint sales and painting accessories. This arrangement provides for "just in time inventory" lowering owner's working capital investment and results in ability to sell at discount to competition. Benj Moore also provides territory preference as well as advertising benefits. Market is strong as homeowners stay put and take on home improvement projects. Store is in an affluent community and homeowners have disposable income. Convenient location for contractors.
Growth & Expansion
The store is currently open 6 days per week M-Sat 7:30AM - 5PM . Growth opportunity to expand to 7 days and deliver. A Home Dept has been in neighborhood for over 10 years - with no impact on sales and profits.
Support & Training
Sellers will stay on to train and transition relationships with vendors and preferred customers True Value (optional) and Benjamin Moore distributor arrangements provide consulting as well
Reason for Selling
Owner retiring after 40 years
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Andy Castellaneta
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Andy Castellaneta
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