Hardware and Sporting Goods Store

ASKING PRICE:  $1,020,000
LOCATION:  New Brunswick

This second-generation business has been in operation for over 50 years and has become the leading retailer in its area. Over the years it has grown to include departments for the sale of hardware, sporting goods and groceries as well as a seasonal garden centre and three apartments. It maintains the necessary licenses for food services, tobacco, lottery tickets, videos and propane. 

The company has established an enviable reputation for quality products and superior service and has 14 well-trained employees who will remain after the sale. Operating from extensive company-owned premises, the business generates annual revenues of approximately $1.5 million and significant opportunities for growth have been identified.  

This transaction will be structured as a sale of shared.  The goodwill and fixed assets of the Company are valued at $1,021,272.  Inventory and accounts receivable are additional.  Estimated total share value is $1,355,837 based on the balance sheet December 31, 2008.   A buyer should anticipate an equity investment of approximately $530,000.  The final sales price for shares of the Company will be determined at the time of closing after adjusting for current assets including accounts receivable and inventory, and liabilities and taxes outstanding at that time.