This well established hardware store is its community’s undisputed one stop shop for all things hardware and construction related. The business, which was established in the mid-1970s, provides its loyal client base all of the tools and products needed including all of the big name brands (e.g. Black & Decker, DeWalt, Makita, etc) with access to any specialty brands or items sought. The sale includes the 4,000 square foot hardware store, a separate office / retail store, lumber yard, and three residential income properties over three parcels totaling nearly 3 acres.
The sale includes all of the business’s furniture, fixtures, equipment, property and residential income. The business owns a forklift and a flatbed delivery truck. The company’s $300,000 in inventory will be sold at cost, in addition to the asking price.
Reason to sell
Support and training
: 2 Weeks at 20 hrs/wk
: New operators may wish to develop the land, which is zoned commercial in front and residential in the rear. Since the business is somewhat seasonal with the Canadian and other snowbirds visiting during the winter months, the current owners have explored constructing an RV (recreational vehicle – motor home) park, or constructing a retail strip mall. They could also convert their office / retail space or residential properties to service oriented or retail operations, but have held off on this to allow a buyer to seize these opportunities as they see fit. The company offers short term credit to regular customers with 30 day terms; however they limit this. New operators could offer financing and earn interest shall they wish to. Alternately, they may engage in tool rentals, offer installation services, or simply take commissions on their referral network of contractors, which they have abstained from doing under the assumption that the referred contractors will ultimately purchase their supplies through them.
: Due to the nature of the smaller community the store is located in, they do not face direct competition from head to head competitors or big bog stores like Home Depot and Lowes. It is estimated that the nearest competing store is nearly an hour away, while the closest big box competitors are estimated to be nearly 100 miles away.