Are you looking for an incredible business opportunity in the heart of Queens, New York? Look no further! We are pleased to present this well-established and thriving hardware store for sale, boasting over 22 years of successful operation. With a prime location, a loyal customer base, and an extensive inventory worth over $1. 2 million, this business is ready for a new owner to take it to even greater heights. Key Features: Profitable Business: The hardware store has a proven track record of profitability, making it a secure investment for any aspiring entrepreneur or seasoned business owner. Prime Location: Situated on Roosevelt Ave, the hardware store enjoys high foot traffic and excellent visibility. This strategic location ensures a constant flow of customers throughout the year. Extensive Inventory: With an inventory worth over $1. 2 million, this hardware store offers a wide selection of products to cater to both residential and commercial needs. Customers will find everything from tools and hardware to paint, plumbing supplies, electrical equipment, a successful key making business and much more. Loyal Customer Base: Over the years, the store has built a strong and loyal customer base, becoming a go-to destination for hardware and home improvement needs in the community. This customer loyalty provides a solid foundation for continued growth and success. Experienced Staff: The store has a team of knowledgeable and experienced staff members who are well-versed in the products they offer, providing excellent customer service and guidance. Lease Terms: The business is operating under favorable lease terms, with the current lease expiring in 2026. The lease includes a reasonable 2% increase, ensuring stability and predictability for the new owner. Reason for Sale: The current owner has decided to pursue other business interests, presenting an exceptional opportunity for a motivated individual or investor to step in and take advantage of this thriving hardware store. This hardware store for sale presents an excellent chance to become a part of the thriving retail community in Queens, New York. The established reputation, profitability, and valuable inventory make it a rare and highly sought-after business opportunity. Don't miss out on this chance to own a successful and profitable hardware store with substantial growth potential. If you are interested in acquiring this business or would like more information, please do not hesitate to contact us for further details and to schedule a viewing. Take the first step towards securing your future as a successful hardware store owner in one of New York's most vibrant neighborhoods.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,808 | $4,187 | $5,647 |
Total Monthly Payment | $3,900 | $4,279 | $5,739 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.