Hardware and Farm Supply Store - Real Estate Included - SC2076

Financial Information Asking Price: $5,250,000 Gross Revenue: $3,346,637 Cash Flow: $287,290 Down Payment: 0 FF&E (Included): $200,000 Inventory: $1,050,000 Financing: No Business Location: Yuba, Confidential, California This Northern California based company is a California Sub-Chapter S Corporation and has been in business for almost 50 years serving the local community with hardware, garden and farm supplies. It has been operating for the last 6 years under the current ownership. This is a well-established retailer in the area, renowned for their selection of home, farm and garden needs. They are known for their friendly service, knowledgeable staff and for delivering "helpful" to each of its customers. There are multiple revenue streams from the standpoint of having on the property a 1500 square foot home that provides rental income, as well as a RV Storage Park that is built on the property that is operating at close to 100% capacity. The RV Storage Park is about 2.5 acres has space for 60 RV's and can be built out to 120 RV's. This location is well-known as the go-to place for home maintenance and DIY fix ups. They can reinforce this with their locally owned reputation for shopping convenience, helpful friendly service and a product selection which is geared towards the region and its seasonality. Some specialty departments include: . Strong Lawn and Garden Department . Feed Store . Propane . Lumber . PVC Piping . Unique Gift and Home Décor Department . Larger selection of grills, coolers and accessories that are name brand recognized . Electric Outdoor Power Equipment from a well-recognized brand name . Full-Service Paint Department Competition Description Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie. There are no other veritable hardware stores within a 15-mile radius, and it is unlikely another retailer will come into the area any time soon. There are opportunities to continue the store's sales increase with new initiatives under new ownership. Growth / Expansion overview Customers vary from homeowners (majority) to farming, industrial and commercial. This location is a staple in the community, and with the global pandemic has reinvigorated its position and is having some of the best years on record for the business. There is competition in the market, but not with the intimacy level this location provides through its wide array of inventory and services and well-trained staff. Support / Training Comments The Seller is willing to provide training for 4 weeks at 30 hours per week. Seller is willing to train for a longer period at mutually agreed upon terms with the Buyer. Reason For Sale Seller is wanting to pursue other ventures. Home Based: No Year Established: 1972 Franchise: Yes Year Acquired: 2016 Willing to Train: Yes Relocatable: No Required Licences: Is Property Leased: No Real Estate Available: Yes Real Estate Included: Yes Real Estate Value: $3,250,000 Real Estate Asking: ON REQUEST Days Open: Monday - Sunday Hours Open: 7:00 am to 6:00 pm Full-time Employees: 8 Part-time Employees: 4 Is Management Staying: Yes Distressed: No Monthly Payroll: ON REQUEST Building Size: 14,000 sq. ft. Monthly Rent: $15,000 Lease Miscellaneous: Lot is 5 acres, includes RV Storage and house Broker: ProEquity Asset Management Corporation License ID: 01870526 Location: Yuba County, California Year Established: 1972 Number of Employees: FT: 8PT: 4 Franchise: Yes Facilities: Building Size: 14,000 sq. ft. Is Property Leased: No Real Estate Available: Yes Real Estate Included: Yes Real Estate Value: $3,250,000 Real Estate Asking: ON REQUEST Market Outlook/ Competition: Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie. There are no other veritable hardware stores within a 15-mile radius, and it is unlikely another retailer will come into the area any time soon. There are opportunities to continue the store's sales increase with new initiatives under new ownership. Growth & Expansion: Customers vary from homeowners (majority) to farming, industrial and commercial. This location is a staple in the community, and the global pandemic has reinvigorated its position and is having some of the best years on record for the business. There is competition in the market, but not with the intimacy level this location provides through its wide array of inventory and services and well-trained staff.