Hardware Store Thriving In Vermont

Augusta, ME
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Asking Price:$1,280,000
Gross Revenue:$4,450,000
FF&E:$120,000
Cash Flow:$520,000
Inventory:$1,335,000
Real Estate:$500,000
BUSINESS DESCRIPTION

Seller is retiring - Great Reputation

For more than 100 years, this nationally branded co-op hardware store has been a cornerstone of the community, providing essential goods and services to residents, farmers, and contractors alike.
The current owner is ready to retire and sell this turnkey store to a new owner.
With its convenient location, diverse inventory, and personalized service, it's become the go-to destination for all things hardware related in the area, but the store’s offerings don’t stop there.

They sell power tools from Dewalt, Makita, Milwaukee, and other power tools. They stock auto parts, plumbing supplies, pet supplies and foods, hand tools, lumber, kitchen and bath cabinets, doors and windows, paint, Blue Seal feeds, chicks, swimming pools and supplies, pool toys, Muck winter boots, work boots, grass seed, garden decorations, gardening supplies and plants, chain saws, lawn mowers, Weber and Blackstone gas grills, wood stoves, pellet stoves and pellets, patio furniture, office supplies, Christmas and other holiday decorations and more.
If they don’t have it, you don’t need it!

Financials
Purchase Price: $1.28M
Gross Revenue: $4.45M
Cash Flow: $520,000
Inventory: $1.335M (additional to the asking price)
FF&E: $120,000 (additional to the asking price)
Real Estate: $500,000 (Estimated. Additional to the asking price, subject to commercial appraisal)
Employees: 16 FT, 5 PT
Founded: 1920
Reason for Sale: Retirement
Opportunities for growth: Consider staying open past 5 PM.
Training: The seller will assist with the transition.


DETAILED INFORMATION
Location
Augusta, ME
Inventory
Not Included in asking price
Real Estate
Owned
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
16 FT, 5 PT employees Real Estate value is an estimate also additional to the asking price. Subject to commercial appraisal
Growth & Expansion
Consider straying open past 5pm
Support & Training
Seller will assist with the transition
Reason for Selling
Retirement
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Charlie
MacPherson
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Charlie MacPherson