General Hardware Store In Statesville NC For Sale

Business description

Located in Statesville, North Carolina, is a highly successful, full-service operation specializing in retail sales of quality hardware and related merchandise, including nursery products and mulch to residential and commercial market sectors, including an iron & steel division. This thriving business was established in 1950 and has been under present ownership since 1990. This business has earned an excellent reputation over the past 51 years for its prompt and courteous service, selection and variety of quality merchandise, expertise in the industry, knowledgeable and helpful staff, convenient hours and location, and competitive prices. The store maintains an extensive base of satisfied clientele from all walks of life, who appreciate superior service and merchandise, honesty and integrity. Name recognition, reputation, longevity, profitability, established patronage, growth capabilities, diversity, location, priced to sell...all of these attributes make this offering a sound venture for the fortunate party who acquires it. A highly successful, well established hardware store of this caliber, over half a century in the making, and at this selling price does not come along every day

Property information

Real Estate:

Real Property Included

Premises details:

The structure that houses this business is a well maintained and fully functional 10,500 square foot building, complete with a full basement, with ample parking, signage, and curb appeal. The location, with major city street frontage and significant public exposure, is prime.

Other information

Expansion potential:

There are many excellent avenues for growth, especially with increased product lines, expansion of the iron & steel division, and with increased marketing.

Competition / Market:

There is some local competition.

Support & training:

The current owner is happy to stay on through a reasonable transition period to acclimate the new owner to the business and clientele.

Reasons for selling:

The current owners are ready to retire.

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$200,000 (included in the asking price)