Description of Business

This business is a local Sears Hometown store providing home appliances, tools and lawn and garden equipment. This store, established in early 2008, experienced a good first year, and showed growth of almost 15% during the second year despite the current economic conditions. This Hometown Store allows the owner to sell everything that a large retailer can but in a smaller space and without the huge financial burden of the cost of inventory and other overhead. The store serves one of the most rapidly expanding counties and communities in North Carolina and is poised for continued significant growth. Having strength and support from Sears, this Hometown Store offers the variety, quality and competitive pricing of larger retailers but with the personal service that is missing from these mega stores. There are currently no other similar stores within a 10-mile radius filling a void in the market. With the area growing as it is, the future for this business is very bright.

Property Information:

This business is located on a major thoroughfare in a 4800 sq ft retail space and comes completely furnished for daily operations. Inventory is owned and provided by Sears. The owner spent almost $70K to establish the business and it would take nearly $90K to do this now. All fixtures and office equipment will convey with the business. The company owns a security system, several pieces of material handling equipment, and a store full of racks, shelving and displays, etc.

Competition and Growth Potential:

This business has done well and has a TREMENDOUS outlook. Sears conducts marketing for their local stores to capitalize on markets - a HUGE benefit to the local store. Due to the growing market and the Sears marketing, this business could easily double revenues with little increased overhead.

Financing Options:

Seller to consider some owner financing for qualified buyer.

Support and Training:

Sears requires two weeks of training at corporate (which also includes in-store training) to ensure that an owner knows how to be successful. The owner is also committed to providing two weeks of training and service to the buyer to enable a smooth transition. Current employees are also expected to remain through the transition if desired.

Seller Details:

Mark Trail
919-570-1330

Crown Business Solutions

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