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Bronx Neighborhood Hardware/Locksmith/Plumbing Store. STEAL IT!

Bronx County, NY

Seller Financing Available

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Asking Price:$350,000
Gross Revenue:$450,000
Rent:$5,600/Month
Cash Flow:$198,700
Inventory:$250,000
Established Year:1946
Listing ID: 1584176Listing provided by BizBuySell
BUSINESS DESCRIPTION

THE BRONX IS BOOMING ESPECIALLY THIS NEIGHBORHOOD.
A ONCE-IN-A-LIFETIME opportunity. Seller will finance discounted inventory.
ALL OFFERS CONSIDERED.
Buy a solid established business that generates great income.
Money invested back in less than 2 years.
Great super dense residential neighborhood with a high percentage of NEW HOME OWNERS who take pride in their homes.
Large apartment buildings throughout the neighborhood.
High foot traffic location by subway.
Store sells everything every renter and home owner needs to maintain and repair their home.
Great LOCKSMITH/KEY business with new equipment.
High margin plumbing pipe business with pipe cut to order.
Rear yard is 3,500 SF and is ideal to convert to a drive-in lumber yard.
High seasonal Rock Salt sales. Rock Salt inventory is not included in inventory.
Sign & send the attached NDA for more information.

ATTACHED DOCUMENTS
NDA.docx Download
DETAILED INFORMATION
Location
Bronx County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,300
Lease Expiration
31/12/2030
Facilities
2,300 SF store with 10 year lease at $5,600/month with 2% increases. Real Estate taxes $2,000/YEAR. 3,500 SF rear yard with rental parking and adjacent store sublet to hair salon. Sublet hair salon store can be delivered vacant to expand the store. generates an additional $34,000/Year added to Net Income. Current inventory of over $250,000.00 included in price.
Competition
The only neighborhood hardware store in this dense residential neighborhood. Store is surrounded by large apartment buildings an houses. Large percentage of the areas 2 family houses residents are homeowners. The store carries all the necessary hardware for all types of home repair and maintenance. New key machines for the latest electronic car and apartment keys. Equipped to cut and thread all types of pipe.
Growth & Expansion
Unlimited potential to supply the apartment building supers and management companies in the area with janitorial supplies and all items for apartment building maintenance and repairs.
Financing
Limited Seller financing available to qualified buyer
Support & Training
Owner will fully transition.
Reason for Selling
Retiring
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