Co-op Hardware & Theater Supplies Store
Location: Massachusetts > Suffolk County > Boston
Industry: Home and Garden > Hardware and DIY Retailing
Financials
Asking Price: $599,000
Gross Revenue: $885,500
Cash Flow: $182,500
Inventory: $225,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Business 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 co-op 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.
About the Business
Year Established: 1999
Employees: 2 full time - 1 part time
Facilities: 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.
Market Outlook and Competition: 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.
About the Sale
Management Training and Support: Owner will stay on for transition training period.
Reason For Selling: Owner is selling to travel and pursue other interests.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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