Inventory:To be purchased separately
Inventory Basis:At cost
This great business is an established franchise. The fully-stocked retail store carries hand tools, power tools, machine tools, specialty lumber, shop equipment, hardware, and craft supplies like pen and clock parts.
To make dreams of their clients come true, the Company also offers a 5,000 square foot shop that contains everything one needs to get a project done, from table saws and lathes to scrapers and sanders.
The Company also offers hands-on woodworking classes and lectures which help their clients of all levels to increase their woodworking knowledge.
The purchase price includes furniture, fixtures and equipment, goodwill and other intangible assets of the business including the business name, website, customer list, phone number, non-compete from sellers and training from sellers. Inventory will be purchased separately. There will be a transfer fee payable to franchisor.
The Company is located in a two story building on a busy street and has experienced continued growth over the years. The first floor offers a spacious retail store which offers a wide variety of power equipment, hand equipment and tools, small tools and etc. There is a small office for owner at the back, behind the counter. The second story offers a large shop fully equipped with all necessary equipment and tools. It also has a small rec. room for clients.
You will be hard-pressed to find another company which like this one. None of the competitors can match the unique products and service offering as well as the Company’s centralized location. It is time for the owner to pass this legacy on to someone else.
This business needs an energetic owner who can increase awareness among woodworkers and keep growing the business. Additional marketing efforts can enhance the revenue and income further.
10 store employees and 10 shop instructors
Buyer may apply for an SBA loan
The owner will advise and help the buyer on all aspects of the company's operations and introduce him to key connections.