Reed s Do it Best Hardware Bluffton, Indiana Established in 1976 In current location 21 years Store Size: Retail Selling Space... 12,000 Square Feet Warehouse Space... 2,100 Square Feet Office Space... 700 Square Feet Total Space... 14,800 Square Feet Plus: Lawn & Garden - Outside... 30,000 Square Feet
STORE FOR SALE INFORMATION Store Name: Reed s Do it Best Hardware Store No. 1544 Address: 1879 W Main Street City, State, Zip: Bluffton IN 46714 Owner s Names: Gregg & Cynthia Reed Contact Person: Gregg Reed Phone: 260/437-6072 email: grr@adamswells.com LISTING PRICE FOR BUSINESS Estimated cost of inventory...$500,000 Fixtures and eqpt., rental, greenhouse, & nuts and bolts section... (Incl above) Real estate (has been appraised)...$650,000 Total asking price...$1,150,000 LAST CALENDAR YEAR S MONTHLY SALES Jan - $111,215 Apr - $72,701 July - $89,909 Oct - $67,261 Feb - $ 94,555 May - $186,992 Aug - $71,025 Nov - $98,464 Mar - $ 49,130 Jun - $104,826 Sept - $57,823 Dec - $75,173 INVENTORY MIX 10%... Hardware 16%... Plumbing 33%... Lawn & Garden 5%... Housewares 11%... Paint & Sundries 7%... Rental & Propane 5%... Electrical 1%... Lbr/Bldg Materials 5%... Farm & Ranch 5%... Tools 2%... Clothing ANNUAL SALES REAL ESTATE INFORMATION 2012 $1,014,152 Gross Margin 38.3% Avg.Ticket $20.10 Availability: For sale/lease/option to purchase 2013 $1,003,475 Gross Margin 38.9% Avg.Ticket $21.74 Location: Free standing 2014 $1,079,073 Gross Margin 37.5% Avg.Ticket $25.26 Parking Lot: 52 spaces 2015 $1,068,299 Gross Margin 39.8% Avg.Ticket $24.70 2016 $1,049,974 Gross Margin 40.4% Avg.Ticket $25.66 EMPLOYEE INFORMATION LEASING INFORMATION Department Managers 2 Terms of Lease: 5 years Part Time Clerks 6 Triple Net Percentage Lease: No Full Time Cashier 2 Options: 5 yrs, (3) options with purchase agreement Part Time Office 1 Monthly Rent: $3.50/s.f. ($42,000 includes all s.f.) Full Time Office 1 Annual Taxes: $10,910 includes business Part Time Seasonal 7 (Garden Dept.) Real Estate Sale agreement locked in at 2014 Full Time Mechanic 1 appraisal PURCHASE INFORMATION COMPETITION Zoning: B-1 Store Name Distance from Store Sale Price: $650,000 Lowe s 0.25 Miles 3.5 acre parcel. Building, warehouse, lawn & garden Habegger Ace Lumber 3.00 Miles and greenhouse structures located on Highway 1. Walmart 0.25 Miles Prime real estate in Bluffton for retail. Steve s Outdoor Concepts 0.50 Miles CUSTOMER BASE Territory Manager: Mike Melchi 30% Contractor Regional Manager: Bob Gumash 70% DIY Do it Best Corp. cannot confirm or warrant the accuracy of financial or other information offered or supplied by the seller.
For more information contact: Gregg Reed, Owner Phone: 260/437-6072 email: grr@adamswells.com Do it Best Corp. cannot confirm or warrant the accuracy of financial or other information offered or supplied by the seller.
Inventory of Fixtures, Equipment & Supplies Item as Listed Quantity Remarks In-store computer Make Dell 6 Rock Solid software Store supplies including bags, paper, Tape, string, stationery etc. All Delivery truck 1 Model Step Van Make Int'l Year 1989 1 Diesel - Do it Best Express Wall sections (Total Lineal Feet) 96 Display gondolas 353 End caps 32 Check out counters 3 Plus 1 (service counter behind) Metal displays 34 Wood displays 27 Semi-trailer full of fixtures 2 1 Semi Straw Truck Cash registers # 3 Make Dell Rock Solid Calculators # 1 Make Texas Instrument 1 Calculators # 2 Make Cannon 1 Calculators # 3 Make Sharp 1 Desks 7 Scales 1 Toledo Glass cutter 2 Fletcher Paint tinting machines w/colorant 2 Porter Cable(1), Sherwin Williams (1) Paint color merchandiser 3 Porter, CottageDIB, Do it Best Telephone system Make Comdial 8 Security system Make Fail Safe 1 Priority One + 8 cameras, DVD recorder system Filing cabinets 7 4-drawer Filing cabinets 3 2-drawer Identification signs (interior & exterior) All 7 Do it Best signs, Road sign Billboard sign (income potential) 14.5 X 7 (2-sided) 4 Annual Lease of $2,500 per billboard Income potential $10,000 annually Hand trucks 3 Appliance dollies 2 Pallet hand truck 2 Pallets 20 Local person buys these Shopping carts 36 Lumber carts 2 Fork lift Clark Make GPX 25 1 1996 3700lb with side shift Battery charger 1 Satellite antenna 1 Air conditioner - 388AK-012-50 Carrier 2 Plus 2 window units in office Storage shelving 2 1-24ft. trailer and 1/2 semi full Carpet shampooers 2 Intercom system 14 2-way radios and chargers Music system 1 Bogen for music and doorbells Key making machine 2 1 spare in warehouse and 2 towers Pipe threader and cutter Ridgid 1822 1 Upright floor model Yard carts 12 Greenhouse Trailers Semi 2 1-48 ft., 1-52 ft. storage Box 1 1-24 ft. box fixture trailer 1997 1 12 ft. Haulett trailer 2001 1 14 ft. Bri-mar Dump John Deere skid loader 1 2001 Inventory Continued - See Insert
Item as Listed Quantity Remarks Gumball machines 2 Popcorn machine 1 w/cart Greenhouses 3 w/electrical, water and heat G-2 Cold House with Heat 1 24x48 w/slider side panels G-1, G-3 (grower greenhouses) 2 24x100 w/rollup sides Pergolas 2 24x40 w/plastic roof Refrigerators 4 For bait, pop, and food Glass repair bench 1 Wood and storage Glass racks 2 Retail w/all repair tools & splining rolls Screen rack 1 Retail w/all repair tools & splining rolls Cantilever pipe rack 1 21 long steel Wood repair bench 1 Tool repair Roller tool chest 3 Full of tools Air compressor 1 DeWalt twin tank Chop saw 1 Milwaukee Mitre saw 1 Ryobi Shade cloth 2 Cover grower greenhouses 24 X100 Warehouse lumber racking 12 Plus more in storage trailer Matchrite paint computer 1 With thermal printer Paint shakers 4 2-1gal Harbil, 2-5gal Harbil Spin Lab Test New in 2014 (GLB pool chemicals) Wooden feed fixtures 2 Set of 24 Chain measurer 1 Cable measurer 1 Electric wire measurer 1 All Mechanic s Tools and Service Area 1 Warehouse Area New Porter Paint Display 1 Value $10,000 Nuts and Bolts and Bolts Bins 20 Value $40,000 *Additional Inventory Not on Computer System ITEMS NOT INCLUDED: Arc welder 1 Gas welder 1 Grizzly Bear chain saw carving 1 1 Pool water analyzer and printer ($1,200)