Sale Pending

Litchfield County, CT

Seller Financing Available

listing image
Asking Price:$299,307
Gross Revenue:$1,500,960
Rent:$8,500/Month
FF&E:$96,388
Cash Flow:$75,000
Inventory:$225,000
EBITDA:$75,000
Established Year:1978
BUSINESS DESCRIPTION

A well-established hardware store founded in 1978, this business has been a cornerstone of the community for almost 50 years. The store sells a wide array of hardware and home improvement products. It offers everything from lawn and garden supplies, paint, housewares, keys, and glass-cutting services to electrical and plumbing supplies, hand tools, cleaning supplies, pool chemicals, and more.


With a strong reputation for exceptional customer service and a diverse product selection, this business has a loyal customer base and a steady revenue stream.


The business operates from a spacious 15,000-square-foot facility with ample room for inventory and customer service areas. The facility is well-maintained and conveniently located, providing parking and easy access for customers.

KEY HIGHLIGHTS

Stable Revenue: Consistent annual sales.

Diverse Customer Base: Serving both commercial (B2B) and consumer markets.

Established Presence: Over 46 years of successful operations in the community.

Skilled Staff: Experienced and dedicated employees in place.

Growth Potential: Opportunities for expansion through enhanced online presence and digital marketing strategies.

Turnkey Operation: Fully equipped and operational with a wide range of inventory.


To protect the confidentiality of the business and its employees, further details will be shared upon signing a Non-Disclosure Agreement (NDA). Click the link or QR Code below to sign the NDA.


DETAILED INFORMATION
Location
Litchfield County, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
15,000
Lease Expiration
15/08/2025
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The store operates from a 15,000-square-foot leased facility with a monthly rent expense of $3,500. The lease is transferable to the new owner, ensuring continuity in operations. The spacious facility is well-suited for retail operations, providing ample room for inventory and customer service areas.
Competition
Serving both local and regional markets, the store has cultivated a robust customer base that comprises 17% commercial (B2B) clients and 83% consumers. The business has built strong relationships with notable commercial clients and municipalities. Home Depot and Lowes are within 15 miles of the location, but sales have been steady or growing for many years.
Growth & Expansion
Growth/Expansion Pros and Cons In a competitive hardware retail market, the Hardware Store stands out due to its strong brand that has been created since 1978. The brand coupled with exceptional customer service has made the company a fixture of the community and customer loyalty.
Support & Training
The owner and staff are committed to offering assistance for an orderly transfer. They are willing to stay involved for a period of time based on the needs of new ownership.
Reason for Selling
Owner passed away
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Marv White, ABI
Marv White, ABI