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Business For Sale

ACE HARDWARE & MERCANTILE

Attn: Chuck Atkins
Myrtle Creek, OR, USA
Listing Number: "343574"
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Asking Price: $1,600,000 USD USA Dollars
Business for Sale Industry: Retail: Hardware Stores, Garden Centers  
Reason for Selling: Retirement.
Year Established: 1951
# of Employees: 7
Yearly Gross Income: $586,000
 

Business for Sale Overview:

Well established name brand Hardware and Mercantile business with real estate in Southern Oregon. Featuring hardware and general merchandise, the store has been in operation since 1951. Started as a "Western Auto Store" and converted to an ACE Hardware in 1982. Store is a retail anchor for down town area serving the local and surrounding areas. The building is well built, in good condition and has had many upgrades.


Property Features and Assets:

Facilities: The main store building is 11,000 square feet with additional small mezzanine and a 2,500 square foot basement. The location fronts first street for a full city block and down two side streets. The back of the store is wide open for unloading of semi trucks with merchandise. Also behind the store is the local post office where everyone comes to pick up there mail. There's ample parking, with a 22 X 36 foot Green House built in 2004. On another piece of property within 500 feet is a warehouse that is 3,200 square feet plus a 1,600 square foot mezzanine for a total of 4,800 square feet of storage built in 1995.


Market Competition and Expansion:

Town: This business is located in a town right on I-5 in Southern Oregon, half way between Medford and Eugene. You are two hours from the Ocean, two hours from Skiing, three and one half hours from Bend and the great Central Oregon resorts. You are also only one and half hours from Crater Lake National Park. Right in your back yard is great hunting and the great steelhead and salmon fishing in the Umpqua rivers. This is one of the nicest moderate climates in the United States, with four definite seasons. Competition: There's is very little competition in the immediate area. The store anchors downtown business sector. It is a major retailer of hardware, paint, home furnishings and appliances, sporting goods, electrical and plumbing supplies, lawn and garden products, housewares, toys, small appliances and much more.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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