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Business for Sale Summary

Locksmith/Hardware Store in Suffolk County, NY - 22786

Business Type: retailing businesses,bldg materials/hardware/garden,general merchandise store,home furniture/ furnishings,misc. retail/non-classifiable,equipment rental and sales ,service businesses,other business services,repair services,misc. servicel/non-classifiable,hvac,mfg businesses,industrial & commercial machinery,construction businesses,special trades,misc. construction/non-classifiable,special situations,best deals!,must sell/drastic price reduction!,seller financing available
Owner Financing
Locksmith/Hardware Store in Suffolk County, NY
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Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $62,716 Number of FT Employees Register Free to View

Financing

$150,000 Down and TBD

Business Description

Very profitable locksmith and hardware shop, established 35 years. They have a fireplace department that sells wood stoves, gas logs, safes, mailboxes and custom cabinet handles. They have lots of major accounts. They also reface fireplaces. This upscale, clean, classy business has been owned for 35 years, and is very profitable. This store includes inventory and equipment, worth $75,000. They also sub a lot of work out, take special orders and make a huge mark-up. Seller will stay on for six months to train buyer. This store has about 30 major schools, hospitals and car dealer corporate accounts. This store is only open five days per week. They have been praised as one of Long Island's best accounts by a popular, well-known distributor. Seller will offer good terms! Make an offer and the seller will work a great deal. This is a money-maker! This business is owned by a very well-known writer. PLEASE NOTE- BUYER SHOULD HAVE SOME BACKGROUND IN CONTRACTING, LOCKSMITH SERVICES, OR WITH FIREPLACES. This is available for a reduced $150,000, and includes inventory. This is one of our best listings ever. Seller may hold a very small note, and is retiring after 35 years. They also have some staff in place, who would like to stay. Call today for more information.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.