Highly Successful Hardware Store, 45 Yrs in Bus, Greater Baton Rouge

Description

Hardware store for sale in the Greater Baton Rouge, Louisiana area. The business has operated from the same location for more than 45 years.

The seller reports average annual profit of approximately $200,000.

Sale terms

• Asking price: $1,060,000 firm
• Sale directly by owner
• Seller financing may be considered with 50% down
• Final financing terms are at the seller’s discretion

The owner is retiring and plans to provide training and operating guidance to the buyer after the sale.

Store and staffing

• Approximately 6,000 sq. ft.
• Leased facility
• Customer parking available
• Two full-time employees
• Two part-time employees

The seller states that two employees are sufficient for normal day-to-day store coverage.

Detailed daily records of revenue, expenses and profit have been maintained by the current owner and can be reviewed as part of due diligence.

Buyers should verify historical financial statements, the calculation of reported profit, inventory value, lease terms, payroll, supplier accounts, equipment and fixtures, customer concentration and the exact assets included in the $1.06 million purchase price.