Hardware store with Rental income in South Jersey

Opportunity.................Opportunity........................Opportunity.................................... This is a long established Family owned business for about 90 years, Current owner operating as a Hardware store for 24 years in nice town in south Jersey. Seller's Goal is to turn over family owned ,well Established and Profitable business to an Individual or group who would carry the tradition forward, This sale include property which have Hardware store about 5000 sq ft, Storage Room about 3200 sq ft and three apartments. This Apartment are two 2- Bedroom and One 1- Bedroom apartment is rented and generate rental income.This sale also Include Inventory which is about $ 150,000. This Business is well known in town for excellent customer service, It sales comes from everyday hardware-store item and award winning fireplace and hearth showroom,Paint Mixing, Glass Cutting, Lamp Rewiring, Screen & Window Repair, Pipe cutting and Threading, Animal Trap Rental and Specialty Orders........Etc Very convenient store timing for family from 8:30 am to 5:30 pm and Sunday Closed. Aggressive new owner can extend the hour of operation to add more sales. Store doing average 800,000 Gross Sale per years with Good profit Margin. There are Three Full time and four Part time Employee, Owner willing to train new buyer for two to three week and Extend his help if new owner need it with Pay for certain period. The cash flow noted is for an owner/operator working 50 hrs/wk taking NO salary and before debt service. We are looking for serious financially able buyer. Buyer need to contact listing agent and fill out NDA for confidentiality of sales for more information.
Geography: State:New Jersey  County:
Asking Price: $1,300,000
Cash Flow: $208,000
Down Payment: $300,000
Franchise: -
Reason for Selling: Retiring and moving to south
Re Inc.: Yes

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