Status: Sold
Ace Hardware Store - Listing #: NAPFL001-N33
| Category | : | Hardware Ret Related | SIC | : | 5251 | |
| Detail | : | Hardware Retail | Price | : | 785,000 | |
| County | : | Charlotte | Down | : | 157,000 | |
| State/Prov | : | Florida | Adj Net | : | 116,175 | |
| Country | : | USA | Sales | : | 1,132,113 |
| *Motivated Seller* Sunbelt Business Brokers of Naples and Ft. Myers is proud to offer this well-established Ace Hardware Store located in fast-growing S. W. Florida. The owners are relocating to be near their family in the Tampa Bay Area. The store is extremely well organized with quality paint and hardware products as well as marine and fishing supplies. The Sale price consists of $365K for the business assets and $420K in inventory, which is less than the cost of starting a new franchise. Please contact Naples Broker Joe Alter for more information about this solid opportunity. |
| Reason for Sale | : | Retirement |
| General Location | : | SW Florida |
| Organization Type | : | Corp 'C' Hours Owner Works: 50 |
| : | Years Established : 12 Years Owned: 5 Emp FT: 4 Emp PT: 5 Mgrs: 1 | |
| Non Compete | : | Miles: 3 Years: 30 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | 7:30-5:00 |
| Skills/Licenses | : | Propane Sales License |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y May Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2018 (N) | 2017 (N) | 2016 (N) | ||
| Gross Revenue | 1,132,113 | 1,255,398 | 1,243,664 | ||
| Cost of Goods | 668,121 | 727,593 | 802,163 | ||
| Gross Profit | 463,992 | 527,805 | 441,501 | ||
| Expenses | 497,570 | 524,066 | 503,753 | ||
| Net | -33,578 | 3,739 | -62,252 | ||
| Owner Salary | 65,000 | 65,000 | 65,000 | ||
| Benefits | 20,948 | 38,438 | 36,081 | ||
| Interest Expense | 36,346 | 37,886 | 34,661 | ||
| Depreciation | 6,323 | 7,998 | 11,759 | ||
| Other | 21,136 | 12,903 | 18,301 | ||
| Owner Benefit | 116,175 | 165,964 | 103,550 |
| Accounts Rec | 9,000 | N* | Real Estate | 0 | N* |
| Inventory | 419,062 | Y* | ___________ | 0 | N* |
| F F & E | 180,000 | Y* | Total Assets | 999,062 | Y* |
| Leasehold | 400,000 | Y* | *Included? |
| Lease/Month: 11,515 | Square Footage: 10,500 | Building Type: Strip Center |
| Terms & Options: | Expiration Date: 10/31/2022 |
| Loan/Assumable | - Amt: | 628,000 Mos: | 120 Rate: | 7.75 Mo Pmt: | 7,536.67 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| JOSEPH ALTER | Office | : | (855) 969-3534 | |
| ASSOCIATE | Agent Direct | : | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT. MYERS | Fax | : | (866) 985-8735 | |
| 1415 PANTHER LANE SUITE 232 | Cell | : | (239) 849-9334 |
| NAPLES, FLORIDA 34109 | : | jalter@sunbeltnetwork.com | ||
| USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |