Caribbean Hardware Store - over 30 years of success
Virgin Islands
| Asking Price: | $2,750,000 |
| Inventory: | $428,535 |
| Established Year: | 2013 |
| Gross Revenue: | $3,674,000 |
| FF&E: | $479,508 |
Listing ID: 2159355Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profits up
Hardware store located in paradise: beautiful island, a leading retailer in the community.
This store is the largest hardware retailer on the island. It sells the general variety of products found in a typical hardware store as well as paint and general gardening supplies. Its primary clientele is composed of general contractors, sub-contractors and homeowners.
This opportunity offers buyers:
A) Outstanding location of the store,
B) Very limited competition
C) Outstanding reputation for quality supplies and customer service.
D) Seller’s will accept a limited amount of Seller’s Financing
E) Willingness of present management to provide transitional training and consulting services..
DETAILED INFORMATION
Location
Virgin Islands
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,300
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
In addition to the retail space, there is a fenced in yard with 20' containers for large storage and bulk inventory items. The store receives a 20 or 40' container weekly.
The retail store has all the fixtures needed to support continued growth.
The business has an excellent POS system and pos registers.
Competition
The island boasts a very affluent part time homeowner population with nearly 500 luxury rental homes ranging from $1 to $10 million in value. High-end luxury construction has seen remarkable growth over the last 10 years.. Furthermore, the renovation and maintenance in this luxury market is significant, all rental homes must be kept in “near new” status to maintain high weekly rental rates. This demographic and economic situation has created a need for home construction, renovation, and maintenance.
Growth & Expansion
Significant opportunities to add volume and profit
A. Expand operating hours - Open evenings, Sat afternoons and Sundays G
B. Add a small Containerized lumber yard in the Back Lot.
Financing
Yes the sellers will consider a limited amount of seller's financing
Support & Training
The sellers have their permanent home on the island and will happily provide training and support.
Reason for Selling
RETIREMENT
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