Northern California Retail Hardware Store - SC2182

Highly Profitable & Well Established Retail Hardware Store SC2182

Northern California Retail Hardware Store - SC2182

Financial Information
Asking Price: $850,000
Cash Flow: $170,000
Gross Revenue: $1,700,000
Down Payment: $850,000

This 31-year-old Northern California based business has been in operation at this location for almost 12 years. This is a well-established retailer in the area, renowned for their selection of home and garden needs. They are known for their friendly service, knowledgeable staff and for delivering “helpful” to each of their customers.
This location is well-regarded as the go-to place for home maintenance and DIY fix ups. The community is comprised of a unique blend of older and historical homes, a growing upscale housing development, a large bustling RV park and over 40 renown wineries. The business has developed a well-earned reputation with these customers who have come to rely on and trust this store for its convenience, helpful friendly service and superior product selection. Their inventory is advantageously geared towards the region and its seasonality. Some specialty departments include:

• A sizable Garden Department, which include low-volume watering solutions, green goods, soil amendments, tools, pest control products, outdoor décor, wild bird supplies, and much more.
• Strong Stihl Power Equipment Department which includes a repair shop. Also stocked is a growing line of California-compliant power equipment such as EGO, DeWalt, and Milwaukee.
• Unique Gift and Home Décor department.
• A well-stocked Grilling Department, which includes well-known brands such as Traeger, Weber and Blackstone. The store is known as a destination for its grilling supplies with a great selection of rubs, sauces, and grill accessories.
• Power tools, hand tools and fastening tools – carrying several of the major brands.
• Full-Service Paint department showcased with Benjamin Moore.
• A full line of RV supplies to meet the ongoing needs of visitors to the nearby RV park.
• Building Supplies which include bagged concrete products, step stones, and more.
• The store also dispenses bulk propane, a profitable destination product.

Business Location
City: Northern California
State: California

Reason for Sale
The reason for selling is that the Sellers are looking to retire.

Detailed information
Year Established: 1993
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 6
Part-Time Employees: 5
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $475,000
Monthly Rent: $5,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 7000
FF&E Included?: Yes
FF&E Value: $105,000

Training/Support
The Seller is willing to train for 4 weeks at 30 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and Seller.

Facilities
They operate out of a 7,000 square foot space. Rent is currently at $5,000 through mid-2025, to $6,000 beginning in mid-2025, with incremental increases every other year through 2036. Lease has been structured to keep annual occupancy costs well under the conventional 8% of sales. Lease terms do not include any additional Triple Net fees, and the lease is transferable.

Market Outlook/Competition
The United States Hardware Stores Retail Market size is estimated at $56.12 Billion in 2024, and is expected to reach $71.25 Billion by 2029, growing at a CAGR of 4.89% during the forecast period (2024-2029).

CA 02100708
NV 1003039