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Home Center : Pre-Approved Financing-SOLD
(Retail, Home Centers)
- Texas
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
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| Listing ID: |
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| Office ID: |
sa120910dj |
| Status: |
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Listing Details
| Listed Price: |
$1,865,000 |
| Down Payment: |
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| Total Sales: |
$4,724,288 |
| SDE: |
$279,529 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$442,000 |
Included? Yes |
| Real Estate: |
$953,352 |
Included? No |
| Inventory: |
$760,087 |
Included? Yes |
| A/R: |
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Included? No |
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| Reason for Sale: |
Retirement after many years of a successful career running this business. |
| Training: |
As negotiated. |
| Financing Terms: |
Seller financing with 40% down payment. Down payment of 25-30% possible with a combination of seller and commerical financing. |
Operations
| Year Established: |
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| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 23 / Part Time: |
| Managers: |
3 |
| Hours: |
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| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
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| Facilities: |
Well designed and engineered metal buildings on 4+ acres, includes a drive through warehouse. All are well maintained and are very attractive to the public. The land included is adequate for possible future expansion. Parking lot & signage were redone recently and the property is situated on the main, major highway through the city in a highly visible and preferred location. Current rent at $70,000, net/net/net for 2 years, is deemed to be priced under market to add incentive for the business buyer. The owner prefers to sell the real estate also.
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Summary
| Business Description: |
Unique long established building material center business located in Texas. The company is associated with a major national hardware buying group and another significant buying group for lumber and building materials. The management team and systems are in place to essentially operate the business on a day to day business with strategic direction provided by the owner. A diversified product offering attracts both retail customers as well as builders, contractors and commercial customers. A talented, motivated staff coupled with the leveraged buying power of two groups and state of the art marketing have propelled this business to recent record revenues including low double digit increases 2010 over 2009 and significant revenue increases in the first quarter 2011. HOURS Monday-Saturday 8-6. The cash flow of $279,529 takes into account rent expense of $70,000. |
| Historical Summary: |
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| Owner Qualifications: |
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| Competition: |
One local competitor. |
| Potential Growth: |
Management has been successful in revising product lines offered to reflect current demands and special opportunities consistent with maintaining its leadership position. Experienced low double digit revenue increases in 2010 despite a difficult economy which have accelerated significantly in the first quarter of 2011. It is one of the top paint dealers for the franchise in the US. |
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