Sunbelt: The Place to go to Buy or Sell a Business, Business for Sale, Franchise Opportunity, Buy Sell Business

Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

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Listing Information

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Ace Hardware Store - It's Time for a Lifestyle Change!
Listing ID: SB507	Location: California's Central Valley
Broker:	Donn Reinin, Ph:(925) 600-0414
Brief: Profitable & nationally branded hardware store with extensive line of Ace products in the peaceful Central Valley away from heavy traffic and congestion of the Bay Area.

Listed Price:

$465,000 + inventory

Total Sales:

$1,551,389 (Based on 2006 financials)

Seller's Discretionary Earnings:

$248,602 (Based on 2006 financials)

Fixtures Furniture, & Equipment:

(Included in Listing Price)

Real Estate:

Inventory additional:

appx. $531,978 (not included in Listing Price)

Financing / Terms:

Seller will carry 10% for qualified buyer

Business Information

Year Established:

1985-2001: True Value; 2001-Present: Ace

Number of Employees:

6 Full Time / 5 Part Time

Days and Hours of Operation:

Mon-Fri 7:30a.m.-8:00 p.m.; Sat & Sun 7:30 a.m.-7p.m.

Relocatable:

Franchise Information:

Facilities / Location:

15,500 sq. ft. building

Lease Information

Lease Expiration Date:

4 years

Option:

2 four-year options

Monthly Rent:

$10,432 per month

NNN

$1,903/CAM/mo

Additional Information

Reason for Selling:

Pursue other interests

Business Description:

Tired of the heavy traffic and congestion of the Bay Area? Consider investing in your own business and moving to the Central Valley where life is easier and business is good!!!

This successful Ace Super Hardware Store is over 15,000 square feet. Product lines include a full line of brand name merchandise, a paint center, garden center, and an extensive line of products specifically branded for Ace. The current owner purchased the business in 2001. It currently has a U.S. Postal Service in the store and receives a lease payment of $2,800 per month.

In 2001, the Paint Center was completely updated as well as the Garden Center. At that same time, an Equipment Rental business and a complete Paintball Supply business was added. The Company invested heavily in advertising after adding these programs to target the do-it-yourself (DIY) customer who was looking for convenience and a knowledgeable staff. These programs added significantly to the Company’s revenue.

Ace Hardware Corporation’s origins date to 1928. AHC became a retailer-owned cooperative in 1976. As of year-end 2005, Ace encompassed a nationwide network of over 5,000 Ace-affiliated stores that generate over $13 billion dollars in retail sales. Each store is independently owned and operated and a member of Ace’s retailer owned cooperative.