Upscale Hardware Store, Wholesale  •  $200,000

Location: Palo Alto
Seller: Angelo Izzo
Phone: 408-370-5217, 408-370-5211

Business Summary
Business Being Sold For Inventory Only!
Owner's Wife Will Stay On As Salesperson For A Temporary Period Of Time.

This Is A Upscale Retail/Wholesale Hardware Store With Decorative Plumbing & Lighting Fixtures Located In One Of The Most Afluent Areas On The San Francisco Bay Peninsula:
1. Established In 1977. Same Owner Since That Time!
2. This Business Fills A Niche In The Luxury Plumbing Industry By Providing One Stop Shopping For Its Upper End Clientele.
3. It Is One One Of Only 2 Plumbing Supply Retailers To Be Listed With The American Society Of Interior Designers.
4. Designers And Architects Account For Approximetly 60% Of The Revenues With Walk-In Trade Picking Up The Remaining 40%.
5. This Business Consistently Produced 100,000 In Monthly Gross Revenues For The Past Several Years. Owners Absense Due To Health Issues Have Resulted In Declining Sales Volume For The First 6 Months. Sales Are Picking Back Up To Past Levels.
6. There Are 2 Key Employees, Who Will Remain With The Company Depending On Mutual Consent By The Parties.
7. The Business Is Operated Out Of A 2,800 Sq. Ft. For Its Showroom, And Additionally A 200 Sq. Ft. Office Space Upstairs.
8. There Is A New Lease For A Qualified Buyer For 3 Years Plus A 3 Year Option (Could Be More Depending On Credentials Of The Buyer) At A Rent Of 6,000/Month + Triple Net (Minium Expense As Landlord Has Owned Building For Many Years).
9.Store Hours Are 9am To 5pm Only 5 Days Per Week! And By Appointment!
10. Price Includes 200,000 Of Inventory

Business Is Being Sold For The Value Of The Inventory Only!

Buyer Should Have Some Retail Experience And Be Familar With Plumbing Lighting & Fixtures. A Marketing Background Would Be Excellent.