Long-standing Hardware Store

Fraser, MI
Macomb County


Asking Price: Annual Revenue:
$300,000 $650,000

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Long-standing Hardware Store Broker: Roy Huffman

Quick Facts

Asking Price: $300,000
Annual Revenue: $650,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1895
Employees: 7
BBN Listing #: 26622743
Broker Reference #: 13-003

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Business Overview:

This hardware store provides a variety of services for its customers, including key cutting, builder’s hardware, housewares, gardening supplies, pipe threading and cutting, screen repair, glass cutting, and customer paint color matching. It carries all the major hardware department.

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Market Competition and Expansion:

All major big box stores within a 5-mile range. The store is well-known and located in the major shopping area of the town. The store has good potential if it was updated by doing a DTV remodel with True Value. This would bring in the latest CTB and upgrade and refresh the inventory. The rental business can be improved by getting back into the party rental and pushing the equipment rental more.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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