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ENLIGN Business Brokers
2009 Caminos Street, Raleigh, NC 27607
(919) 341-1100

2003-2011 © ENLIGN
All rights reserved.

QuickBooks Certified ProAdvisor

Home Improvement Center, Appliances & Installations
(Retail, Home Centers; Retail, Hardware Stores; Retail, Appliance Stores; Construction Related, Bldg Materials/Home Centers)

Triad - North Carolina

Seller Financing: Yes
Lender Pre-Qualified: No
Listing ID: RETAIL5
Status:

Listing Details

Listed Price: $1,200,000
Down Payment:
Total Sales: $2,343,000
SDE:
EBIT:
EBITDA:
FFE: $226,100 Included? Yes
Real Estate: $1,000,000 Included? Available
Inventory: $792,500 Included? Yes
A/R: Included? No
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Contact Information
Charles Milam
Enlign Business Brokers
6002 Deer Park Circle
Greensboro NC 27455
Office:
Cell: 336-708-1133
Fax:
Email: cmilam@enlign.com
www.enlign.com
Send Email To Agent
Reason for Sale: Seller wishes to retire
Training: Seller will provide up to twenty [20] normal workdays of training and transition support at no cost and would consider assisting a new owner in whatever capacity desired
Financing Terms: Seller will provide some financing for a qualified buyer

Operations

Year Established: 1990
Form of Ownership:
Home Based: No
Relocatable: No
Type of Location: Stand-alone
Absentee Owner: No
Online:
Employees: Full Time: 6 / Part Time: 2
Managers: 1
Hours: M-F 730a-5p, Sat 8-noon, Sun closed
Owner Hours: 40
Non-Owner Payroll:
Franchise Info: Not applicable

Location

Lease Expire:
Option:
Lease Terms:
Lease Security:
Monthly Rent:
Square Footage: 32000
Facilities: Seller owns all facilities and is open to a lease, purchase or lease to purchase offer

Summary

Business Description: Seller describes the business as “a little Lowe’s”, but it is not so little! With over 32,000 square feet of displays plus 52,900 square feet of storage and other facilities plus thousands of items in-stock, very few customers walk away empty handed. Of special note are the Appliance Department and the Surplus Doors & Windows portion of the business. Additionally, a full-time home improvement salesman / supervisor quotes, sells and manages the installation of windows, vinyl siding and all types of roofing jobs as well as kitchen and bath remodeling and even full room additions.
Historical Summary: In 1990, Seller left his corporate job to start a home builder’s supply store which has grown to the point that in the fifteen years from 1996 to 2010, there have been only two years of less than $2,000,000 in revenue, with 10 of them in excess of $2,455,000 and 2 of those were in excess of $3,000,000 in revenue.
Owner Qualifications: A retail background with an inventory control and merchandising strategy
Competition: Some smaller hardware stores but really nothing that offers a comparable in-stock selection within a 20 minute drive
Potential Growth: Seller feels the “surplus” market segment holds the greatest profit potential
Risk factors: