Hardware/Lumber Store with Property All Offers will be Entertained

ALL OFFERS WILL BE ENTERTAINED Company Description The Company was founded in 1983 when two friends bought the business from the founder when it was just a small hardware store. The early years were lean, and the owners reinvested every dime of profit back into the business until sales were exceeding $3,000,000 a year. The current owners have built the business up from the small hardware store the y purchased, to a true building supply warehouse. The Company now includes a complete building materials inventory – from plumbing to lumber and everything in between. Over the last 20 years sales have averaged $2.5m and maintained gross margins of 31%. The current owners have turned their attention towards retirement and are looking for the right buyer to take the business to the next level. Growth opportunities are abundant as the Central Valley, in particular Fresno, continues to grow. The Company is the go-to supply warehouse for west Fresno builders and homeowners. Transaction Rationale The owners are looking toward retirement and ready to turn the reigns over to a more youthful ownership team. The Business is profitable and growing. Expansion is an option for new ownership with plenty of land to use for new facilities and services. Current owners have not capitalized on selling to contractors or extending credit to larger customers. Most hardware businesses have seen much success in doing so and increasing sales substantially. Purchase Price The listing price of the business including real estate, enterprise value (plus inventory at cost) is $1,500,000.00. SBA financing is available, and a handsome option given the current rates and payback terms. Location: Fresno, California Real Estate: Owned Building Sq. Ft.: 25,000