**Profitable Established Retail Hardware Co-op For Sale**
Asking Price: | $1,448,697 |
Gross Revenue: | $1,369,028 |
Rent: | $8,403 |
Established Year: | 2023 |
Cash Flow: | $188,475 |
Inventory: | $750,000 |
FF&E: | $55,000 |
**Profitable Hardware Store For Sale in the Fastest Growing Rural area of NC
For Sale - Highly Successful Hardware Business
Located in the fastest-growing rural area of North Carolina, this thriving hardware business, established in 2023, offers a prime opportunity for acquisition. Situated at a busy intersection and surrounded by high-traffic businesses, the store enjoys maximum visibility and easy access, driving foot traffic and steady sales. The business benefits from a distinct lack of local competition, establishing itself as the go-to hardware store for the surrounding community. This strategic location and limited competition have enabled the business to outperform the Co-op national average in profit margins.
The store is well-stocked with a diverse range of products and services, including hardware, brand-name tools, electrical and plumbing supplies, lawn & garden products, and a recently introduced propane service. A fully stocked paint department further enhances the store’s comprehensive offering, catering to the needs of homeowners, contractors, and DIY enthusiasts alike.
The business is supported by a knowledgeable, friendly staff committed to providing excellent customer service. Full-time management is in place, with an experienced manager overseeing daily operations. With 18 years of industry experience, the manager has played a key role in ensuring smooth operations, driving customer loyalty, and contributing to the overall success of the business.
This business has consistently outperformed all comparable listings in our memorandum in terms of SDE (Seller's Discretionary Earnings) percentage to gross sales, further highlighting its strong profitability and efficient operation.
Key Features:
Prime Location: High-traffic intersection in a rapidly growing rural community with minimal local competition.
Strong Profit Margins: Outperforms the Co-op national average due to its dominant market position.
Comprehensive Product Range: Includes hardware, brand-name tools, plumbing, electrical, lawn & garden supplies, propane services, and a well-stocked paint department.
Experienced Management: Full-time management with 18 years of industry experience ensures smooth operations and excellent customer service.
Well-Stocked Inventory: Always fully stocked, with a focus on quality and availability to meet customer needs.
Exceptional Performance: Outperforms all comparable businesses in terms of SDE percentage to gross sales, demonstrating superior profitability.
Asking Price: $1,448,697, which includes $750,000 in inventory, resulting in a 3.6 multiple based on the business's cash flow of $188,475. This is a fantastic opportunity to acquire a well-established, profitable business in a high-growth area with ample potential for further growth by adding additional products and services. Detailed information on growth opportunities is available in the seller’s 32-page memorandum, provided to interested buyers after completing the seller's requested buyer profile and executing an NDA. Call Brooks Pointe Corporation today to discuss.
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