Description of the business for sale
THE COMPANY
One of the community’s oldest and strongest retailers supplies a complete line of home improvement products for the core community of Soda Springs and several ranching communities in the Valley. The company has continually updated and expanded their product offering; a new, self-contained lumber storage was completed in 2006; rental products were introduced in 2007 and are featured in a new building complex; the property’s electrical service was upgraded with new triple phase service and boxes in 2006. The business is aggressively operated to promote the best product and most professional service within an efficient and fully stocked store. The True Value Co-op adds buying power and stabilized gross profit for the company. The building’s top floor has four apartments with a waiting list that generate solid annual income at very little cost.
THE LOCATION
The True Value store has been located at the same location for approximately 40 years but the owners have continued to purchase available property. The store’s 15,616 square foot facility is located at 50 East 2nd South, with Main Street Frontage on 1.6 acres with room to expand. The business is open six days per week and is the destination site for hardware-fencing-lumber-rental equipment-electrical and so much more. Soda Springs is a small community that counts industrial mining and recreation as the two key market contributors. Caribou County’s Elk Herd is number one in the Intermountain Northwest.