Hardware, Home Improvement, Tire and Auto Services Store

Business
  • Listing# : 16406
  • Listed Price : $1,475,000
  • Total Sales : $2,091,715
  • SIC : 5251
  • Down Payment : $147,500
  • Status : Active
  • Discretionary Earnings : $469,834

Business Type :

Hardware Ret Related / Lighting Store Retail, Hardware Ret Related / Hardware Retail, Hardware Ret Related / Paint Store Retail; Appliances / Appliance Sales, Appliances / Appliance Repairs; Automotive / Auto Tire Stores

Business Description :

Great opportunity to own a multi-generational business that began in 1980 in its existing location. This hardware, home improvement, tire, and auto services store has withstood the test of time and continues growing serving its rural Eastern North Carolina community. The customer base is extremely loyal with shopping local rather than frequenting the big box stores located more than 30 miles away. Multiple revenue streams from hardware, tools and equipment, plumbing fixtures and fittings, electrical supplies, paint, lawn and gardening products which include power equipment, housewares, pet products, and appliance sales.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $550,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $155,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $705,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Hardware Ret Related, Appliances, Automotive