NASHVILLE, Tennessee
| Asking Price |
$999,000 |
Year Established |
2023 |
|
| Annual Revenue |
$1,409,435 |
Reason for Selling |
Other Business Ventures |
|
| Annual P/L |
$189,140 |
Attention |
Darion Nunn |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019118 |
|
| # of Employees |
9 |
Business Category |
Retail: Hardware, Bldg. Materials, Garden Center |
|
Business Overview:
Opportunity to acquire a newly established Ace Hardware franchise located in Antioch, Tennessee, within the Nashville metropolitan area. Established in 2023, the business operates from an approximately 22,778-square-foot retail location, serving surrounding residential neighborhoods, contractors, and customers seeking convenient access to hardware, tools, home improvement products, and everyday maintenance supplies.
The business benefits from its affiliation with the nationally recognized Ace Hardware brand, an established retail location, and a substantial investment in store improvements, fixtures, equipment, and merchandise inventory.
The location has historically underperformed relative to the franchise's original financial projections, which ownership attributes primarily to limited management oversight and a lack of consistent advertising. This presents an opportunity for an experienced, hands-on operator to improve store performance through stronger operational management, targeted local marketing, increased community engagement, and the development of contractor and commercial customer relationships.
The offering includes approximately $708,030 in merchandise inventory at average cost, subject to verification. Additional information, including financial statements and operational details, is available to qualified buyers upon execution of a confidentiality agreement.
Property Features and Assets:
<p>Included Inventory Amount: $708,030</p><p>Lease Info:</p><ul><li>Square Feet: 22,778</li><li>Total Monthly Rent: $23,895.01</li><li>Lease Expiration: July 14, 2028</li><li>Options to Renew: 5 years</li><li>Build Out Cost: $900,000</li></ul>
Market Competition and Expansion:
<p>The local hardware and home improvement market includes competition from one national big-box retailer, located approximately 15 minutes from the business. Antioch Ace Hardware has the opportunity to differentiate itself through convenient neighborhood access, personalized customer service, knowledgeable staff, and its ability to serve customers seeking smaller purchases and everyday hardware needs without visiting a larger home improvement store.<br></p><p>The business presents opportunities for growth through increased owner involvement, improved operational oversight, and the implementation of a consistent local marketing strategy. Current ownership has conducted minimal advertising, providing a new operator with opportunities to increase community awareness, strengthen contractor relationships, expand commercial accounts, and improve customer retention.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity