Hardware store-owner retiring. Huge building. Below Value price!

Business Opportunity for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30410644
Property Subtypes: Home and Garden
Building Size (RSF): 20,000 SF
Sale Price: $400,000
In Opportunity Zone? Yes
Name of Establishment: J B Sandoz
Business Website Address: none
Year Business Established: 1878
Gross Revenue: $580,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to seller
Last Updated: 7/22/2019

Overview / Comments

This huge hardware and home furnishing opportunity has been a landmark for 150 years. As the 2nd business in the city it has an unparalleled history with beginnings as a blacksmith shop in the 1800's.

The offering includes all inventory of about $200,000 and a great building on an entire city block. The building is about 20,000 sq ft with a new roof and suitable for many other uses such as an event center, dance studio, exercise, etc. Owners would love to see the business remain and expand but new owner may need to add POS system and controls and perhaps rental, on-line sales, website, or other ideas to compete with the big box stores. This building and business is full of history and even includes an antique carriage/coach from the 1870s. Come shop, browse the history.

Additional Details

Nearest MSA: Opelousas
County: Saint Landry
Industry Segment: Hardware and DIY Retailing
Reason for Selling: Retirement
Value of Inventory Included ($): $200,000
Value of Furniture, Fixtures, and Equipment ($): $20,000
Value of Real Estate Included ($): $300,000
Growth/Expansion Opportunities: Rentals, museum, event venue
Seller Financing Description: None.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,993 24,033 28,435
Median Age: 34.75 35.39 35.61
Households: 3,457 9,211 10,829

Contact

Photograph of Listing Agent

David D Kellenberger

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70503
LACDB Member
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