Hardware Store Looking For Investors For Quicker Growth For Sale

Business description

This wonderful retail hardware business is for sale, with the current owner willing to stay on with up to 50% ownership if desired. Investment entry is at a minimum $100,000. However, for the most aggressive growth and a quicker return on investment $250,000+ is recommended. If you are looking for a great investment opportunity, look no more - this one is for you and priced right! This is an Ace Hardware store, and their name is synonymous with quality hardware. In fact, J.D. Powers & Associates says, “For 5 years straight, Ace Hardware is the highest in customer satisfaction with home improvement retail stores." This Michigan-based business takes pride in their work and it shows in the way the store is maintained as well as the quality customer service that continues to bring customers in again and again. This fine hardware store is a great opportunity to invest in a business that is already successful and build on that foundation to secure your future. Each of the 2 locations is very convenient to customers with high traffic road fronts. Please call today for full details!

The 2nd location is open, but with limited inventory and sales staff. Ace estimates 2X the revenue growth in 1 year if the store has inventory to standard levels. This business was started in 2007 and has 70% repeat customers and 15% referred. Ace Hardware is the authorized dealer of Snapper, Ace, Craftsman, Husqvarna, and Benjamin Moore. After years of hard work and loyal customers standing true throughout the years, the current owners are ready to see an investment partner take it to the next level! The sale of 50% of the business is an effort to raise capital to add $300k in inventory, which is necessary to double annual sales.
Hardware, paints, tools, service and equipment rentals.

Description of equipment: Store fixtures, Forklift, Auto Paint tinter, Rental Equipment, Paint Shakers, POS systems, Office Equipment.

Property information

Premises details:

There are currently 2 buildings being used for this business. One building is 7,500 sq ft the other is 8300 sq ft, with an excellent location including 600 ft of main road frontage.

Other information

Expansion potential:

Growing the equipment rental aspect of the business would enhance profits.

Competition / Market:

There is little competition in the area. Customers are brought to this company through word of mouth, and advertising methods including television, radio, print media and internet, choosing this business because of the name "Ace Hardware", they always know they are getting good products at fair prices!

Support & training:

Owner of course will stay on as owner and manager. The general manager and (2) assistant managers have over 40 years of combined experience in retail hardware and desire to stay with the two store operation.

Trading hours:

Days: 7 days
Hours: 8-8 weekdays, 8-5 Saturdays, 9-4 Sundays