For Sale: Hardware And Garden Supply Store - Established - Amador County

Current Status: Active     Posting #: 265482     Last Refreshed: 5/3/21    
Broker: ProEquity Asset Management Corporation
License ID: 01870526

Asking price of $2.6M includes real estate as well as the business

This Northern California based company has been in business for over 27 years serving the local community with hardware and garden supplies. This is a well established retailer in the area, renown for their selection of home and business needs.

They are known for their friendly service, knowledgeable staff and for delivering "helpful" to each of its customers. This location is well-known as the go-to place for home maintenance and DIY fix ups. The community also has a large percentage of older and historical homes, and these customers have come to rely on this store for their unique product needs.

They are able to 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. The sale does include Real Estate with a 13,000 square foot building that was remodeled in 2016 and solar system installed in November 2019.

Competition Description

Customers vary from homeowners (majority) to industrial and commercial. This location is a staple in the community, and with the global pandemic has reinvigorated its position and is having one 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 well-trained staff. Competitors have their own mix of products, and each has developed a relatively stable piece of the retail pie.

With the work from anywhere shift going on, more and more families are moving to the area which will result in increased sales in the future as well. There are no other veritable hardware stores within a 10 mile radius, and it is unlikely another retailer will come into the area any time soon.

Growth / Expansion overview

There are opportunities to continue the store's sales increase with new initiatives under new ownership, which could include more enhanced marketing (digital and print) and expansion in geographical area of marketing.

Support / Training Comments

The Seller is willing to provide training for 30 days and General Consultation for 60 more days.

Reason For Sale
Sellers are looking to semi-retire and pursue other adventures.

Home Based: No
Year Established: 1993
Franchise: Yes
Year Acquired: 1993
Willing to Train: Yes
Relocatable: No Required Licences:
Is Property Leased: No
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: N/A
Real Estate Asking: NEGOTIABLE
Days Open: Monday-Sunday Hours Open: 8am to 5pm
Fulltime Employees: 7
Part time Employees: 8
Is Management Staying: No
Distressed: No
Monthly Payroll: ON REQUEST
Building Size: 13000 sq ft
Monthly Rent: ON REQUEST
Lease Miscellaneous: 10,000 building, 3,500 for garden center and storage