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995 Forest Gate Rd
Campo, CA 91906
Karen Hubbard with Karen Hubbard, Broker, original listing - (619) 977-0473
$495,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
9000 Square Feet
Property Description
A WONDERFUL chance to BUY a VERY PROFITABLE Country Hardware Store. Perfect for MOM and POP operation. An EXCELLENT way to become part of a great small town community. This store has been a major support to the community for over 50 YEARS! East County Lumber and Ranch Supply is located in the center of Historic Campo, Camp Lockett. It has been providing lumber products, animal feed, pet supplies, pool supplies, plumbing, electrical, fasteners & hardware, building materials, batteries, roofing, concrete products, lawn and garden supplies, kitchen and bath, tools, paint, special orders and more. This location provides much needed goods and services to the entire Mountain Empire area. Campo is a community with a little bit of everything to offer. The small town atmosphere is what attracts the people who live there. The hardware store is what keeps the people from having to drive 30 to 50 miles for what they need. East County Lumber and Ranch Supply tries to help their customers with what they need for their projects along with supplying the local tradesmen with materials and supplies needed to provide professional services. This 9000 square foot building is centrally located in the community. Close to the local Post Office and easy to find. There is a huge area for parking, front and rear loading docs and a large fenced in storage area. Included in the sale are all furnishings, inventory, security cameras, office supplies, delivery truck, forklift, saws, tools, and computer equipment. A complete list of assets made available on request. Competition: Please visit the business website and read the reviews made by customers. The customer base for this store is spread out across 3 zip codes. The store is one of a kind in the area. The nearest competitors are in Jamul, Alpine, El Cajon and El Centro, which are up to 50 miles away. Growth & Expansion: The potential for additional revenue is great. In the past 10 years, the store has never had to advertise. They have kept the hours to Monday thru Saturday from 8:00 to 5:00. If opened on Sunday the annual revenue could add perhaps $160,000 or more per a year. Advertising would definitely add to sales. Also, a small equipment rental could bring in additional sales. The ideas for increased revenue are many... or let things be and enjoy the already lucrative net profits as is. Listing Remarks: Business sale only. Building is on a lease. Seller will help Buyer to negotiate new lease. EXACT Building age, size and lot size are unknown. Buyer to satisfy self as to all matters during due diligence period. Business details and financials available with signed Non Disclosure. The 5 Year Averages are: Gross Sales - $1,350,439, Cost of Goods - $871,995, Operating Expenses - $271,636, Net Profit - $206,808.
Property Information
Lot Size
0 sqft square ft
Property Type
Commercial Sale-Other
Year Built
--
MLS Number
--
Location
Address
995 Forest Gate Rd
City
Campo
State
CA
Zip Code
91906
County
SAN DIEGO (GREATER)
Listing
Name
Phone
(619) 977-0473
Office Name
Office Phone
(619) 977-0473
Agent Name
Karen Hubbard
Agency Phone
(619) 977-0473

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.