Trinidad &
Tobago
Discount Hardware Store
D'Abadie, Trinidad
Trinidad is the larger part of the twin island state of Trindad and Tobago. Trinidad is lively and fun. The island has geographically diverse areas including tropical rainforest and peaks, agricultural plains, wetlands and sandy beaches. Trinidad is the one of the most prosporous of the Caribbean islands due to oil revenues. Tourism is growing.
The Hardware consists of both Retail and Wharehouse premises. The hardware retail store in D'Abadie is on a plot of 20,500 sq. ft. , while the wharehouse in nearby O'Mera Industrial Estate is on a plot of 40,000 sq.ft. The principle activity of the company is the operation of a hardware, retailing and wholesaling a wide variety of hardware, electrical and plumbing supplies and accessories at extremely competitive prices. The hardware is located a mile from the borough of Arima. This area is a heavily travelled access route in close proximity to commercial and industrial businesses.
The Business was established in 1987. After 18 years of serving the community the hardware is a household name. The owner operates as the Managing Director with a staff of 46. Staff includes 3 Sales, 3 Clerks, 1 Floor Manager, 9 Sales Clerks, 1 Cashier, 1 Receptionist, 1 Courier, 2 Helpers, 1 Purchasing Officer, 2 Accountants, 3 Clerks, 1 Wharehouse Supervisor, 1 Ass. Wharehouse Supervisor, 1 Dispatcher, 4 Drivers and 18 Loaders. The business is open all year. November to December, especially the Christmas period, is the busy season. The business hours are Monday to Friday from 8 a.m. to 5.30 p.m., Saturday from 8 a.m. to 3.30 p.m. and Sunday from 8 a.m. to 12 noon.
The assets of the business include full title to the retail and wharehouse properties, 3x3 ton trucks, 2x1 ton trucks, other vehicles, fixed assets, office equipment, stock and receivables.
The business sale is of a corporation. A foreigner may own a corporation and apply for a work permit. The sale price below has been fomulated to include all the assets of the business. The option exists to lease the premises instead of outright purchase. The price also includes the current stock (20%) and receivables (20%). Once a buyer makes a deposit a certified accountant and property valuator will be assigned to determine exact values.
Growth potential is huge. This company is well positioned to grow with the economic improvements and construction boom. Government institutions and organizations are major clients of the company. The current owner wishes to assume less responsibility. The current directors are available for a period of 3-6 months salaried employment alonside the new owners if required. A suitable hand over period will be part of the sale.
The Sale Price is: US $ 5 M.
Owners Financing Negotiable.
Owner will consider sale excluding Real Estate.
Estimated Values Included:
Real Estate US$ 1.75 M
Assets US $ 410,000
Stock US $ 1.1 M
Receivables US $ 1.1 M
Sellers Discretionary Cash Flow: US $ 225,000.
Further details require a completed confidentiality agreement. While some financial information can be provided full disclosure will take place in Trinidad while viewing the business.
Contact: Anthony Todd
Caribbean Business Brokers.
ant@caribbizbrokers.com
Tel: +1(268) 562-3274
