Business Brokerage ● Mergers and Acquisitions
Asking Price: $399,000 Gross: $885,518 Cash Flow: $182,546 Inventory: $200,000 (Included in the asking price.) FF&E: $50,000 (Included in the asking price.)
Summary: Why can’t you work and play at the same time? This well-established, profitable hardware store specializes in a complete line of professional theater supplies and is situated in a busy downtown location adjacent to commercial businesses, hotels, condominium and urban residences. Since purchasing this business 9 years ago, the present owners have added a complete line of unique, complementary theater supplies to capture sales with New England’s theaters, television studios, film companies, universities, high schools, etc. in this under-served specialty market. This dealer-owned coop store sells traditional industry hardware items to the surrounding business and theater communities, as well as Scenic Paints (Rosco, Artist’s Choice, Wildfire), Scenic Supplies (flame proofing, fog fluid, sandbags), Tapes (gaff, floor and painter’s tape), Rigging Supplies (pipe clamps, dee rings and plates, cable, turnbuckles), Fabrics (muslin, duvetyn, cheesecloth) and much, much, more…..The business employs 2 full-time and 1 part-time sales person.
Facility: This spacious hardware store has 6,400 SF, including 4,500 SF of front retail space, and includes a large glass storefront window, elevated business office, and loading dock. An attached parking area is provided in the front with additional adjacent municipal parking in the area.
Furniture, Fixtures and Equipment: Price includes all store Shelving, Displays, Gondolas and equipment as well as a Triad Point-of-Sale System.
Hours: Open Mon. thru Thurs., 7:30 AM to 4:30 PM, Fri. 7:30 AM to 3 PM, and in winter Sat. 9:00 AM to 1 PM.
Opportunities: With targeted promotion to its unique market, an active owner/operator can take advantage of the excellent reputation and goodwill achieved by the current owner and grow this business. Active planning and development of two film studios on the Boston South Shore will offer significant new sales opportunities. Additional commercial and residential sales can be pursued with the construction development now taking place in the area. Expanded national targeted marketing of theater supplies via the internet can also be pursued.
Additional: The owners are selling to pursue other interests.
The Seller has provided this business information. The broker does not certify or warranty this information.
Call Bob Karlis, Business Broker, at 781.749.3087 or email to bkarlis@cabotbb.com for more information.
160 Central Street Hingham, MA 02043
Tel. 781.749.3087 Fax 210.749.3340 bkarlis@cabotbb.com