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| Listing No: 8591012 | ||||||||||||
| Category: | Retail / Various | SIC: | ||||||||||
| Detail: | Retail | Price: | $199,999 | |||||||||
| County: | Down: | $130,000 | ||||||||||
| State/Prov: | Adj Net: | $45,290 | ||||||||||
| Country: | Sales: | $591,430 | ||||||||||
| Thirty year old, well established hardware store. Associated with country's largest chain of co-op hardware stores. An established leader in the industry, this store has weathered the recession well.Seller works another job full time and spends little time in the store. Buyer must be able to qualify for co-op, and will be asked to submit financials to Seller to set up any meetings. Lease is being renegotiated and Seller will hold small note.Price includes $215,000.00 in inventory! | ||||||||||||
| Business Name: | Hardware Retail | |||||||||||
| Phone: | 727-793-0090 | |||||||||||
| Address: | ||||||||||||
| Seller: | ||||||||||||
| Listing Type: | Exclusive Right of Sale | Date Revised: | 4/4/2008 | |||||||||
| Listing Office is: | Single Agency | Code: | ||||||||||
| Documents on File: |
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| Showing Remarks: | SEE LISTING BROKER | |||||||||||
| Reason for Sale: | seller has full time employment elsewhere | |||||||||||
| General Location: | south Hillsborough County | |||||||||||
| Organization Type: | Corp 'Sub S' | Hours Owner Works: | 24 | |||||||||
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| Non Compete: |
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| Operating dys/hrs: | M-F 8-6, Sat 8-7, Sun seasonal | |||||||||||
| Skills/Licenses: | occupational | |||||||||||
| Business is: |
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| Data Source | P/L Statement |
Tax Return |
Tax Return |
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| Year (Cash Flow) | 2007 |
2008 |
2009 |
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| Gross Revenue | $706,355 |
642,920 |
591,430 |
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| Cost of Goods | $338,000 |
339,981 |
333,292 |
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| Gross Profit | $368,355 |
302,939 |
258,138 |
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| Expenses | $337,980 |
324,015 |
313,085 |
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| Net | $30,375 |
-21,076 |
-54,947 |
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| Owner Salary | $45,000 |
49,000 |
34,450 |
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| Benefits | $35,400 |
34,615 |
42,218 |
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| Interest Expense | $16,241 |
10,252 |
6,951 |
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| Depreciation | $17,966 |
6,912 |
16,618 |
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| Other | 0 |
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| Owner Benefit | $144,982 |
79,703 |
45,290 |
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| Accounts Receivable | Included: N | |||||||||||
| Inventory | $215,000 | Included :Y | ||||||||||
| F F & E | $25,000 | Included: Y | ||||||||||
| Leasehold | $22,500 | Included: Y | ||||||||||
| Real Estate | Included: N | |||||||||||
| Total Assets | $262,500 | Included: Y | ||||||||||
| Lease/Month: | $5,500 | Square Footage: | 5000 | |||||||||
| Building Type: | shopping center | Terms & Options: | ten years of options | |||||||||
| Expiration Date: | 1/1/2017 | |||||||||||
| Loan/Assumable: |
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| Loan/Seller: |
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| Loan/Other: |
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Bob Hough Broker
Sunbelt Business Brokers 2623 McCormick Dr. Suite #104 Clearwater, FL 33759 |
Office: Fax: Home: Cell: Email: Home Page: |
727-793-0090 727-793-9069
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