Business For Sale

New Mexico Hardware Store

Confidential, NM

Asking Price: Annual Revenue:
$279,000 $630,226

Retail: Hardware, Bldg. Materials, Garden Center

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RE: New Mexico Hardware Store Broker: Dan Duffy

Quick Facts

Asking Price: $279,000
Annual Revenue: $630,226
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $91,375
Real Estate: Not Disclosed
Year Established: 1960
Employees: 7
BBN Listing #: 402149235
Broker Reference #: KANSAMO002-N6

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Business Overview:

Do you remember the days of walking into a retail store to be greeted by knowledgeable employees who actually wanted to help you? This hardware store has maintained its high standard for convenience and customer service since it's opening over 50 years ago. The store is in a central location to the public schools, the local university and amongst one of the largest rental property hubs. It is approximately a fifteen minute drive from the nearest big box hardware store. The store caters to three primary categories of customers. The first is long-term commercial account holders. The second is the surrounding residents. The third is maintenance contractors. The store carries a wide variety of goods ranging from General home repair supplies to specific plumbing and mechanical parts. The owner has years of purchasing data, allowing the store to carry the every day items and the one-off parts that are necessary for aging properties. In addition to hardware, the store offers a variety of in-house services. Screen making/mending, glass cutting, rekeying of locks, pipe cutting and pipe threading are a few of them. The store currently occupies approximately +/-8000sf. There is an additional +/-1500 sf space immediately adjacent that is available for expansion. There is an additional parcel of land with additional improvements located directly behind the store that could be obtained for further expansion and additional parking. The store is being offered as an asset sale with a book of established accounts. The lease was recently renewed and is on a consistent 2.5 year lease cycle. The real property may be purchased under a separate real estate purchase agreement. The current owner of the hardware store holds an assignable option agreement for the location and owns the the above mentioned neighboring land and improvements. The focus of the store has been carefully managed as to remain relevant and successful in the changing world of hardware sales. There is capacity for expansion and increased sales. The owner is relocating due to family obligations and is looking for a hardworking entrepreneur to carry on the legacy that the family has established. Financial and operating details are available to prequalified serious inquirers. This hardware store was voted one of the "10 Best Hardware Stores in NM”. Don’t miss your opportunity to be part of the tradition.

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Additional Details:

  • The property is leased.
  • 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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