Hardware Store and Equipment Rental Business
Off-MarketLantana, FL
Hardware Store And Equipment Rental Store
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$2,800,000
$450,000
16.1%
1976
30+ Days
Customers
Local residents in the area and snow birds from northern US states and Canada.
Customer Acquisition
Marketing efforts primarily rely on the national Ace Hardware branding and the Ace Rewards loyalty program, which drives repeat customer traffic. Name recognition has been established in the area for 50 years.
Team
The hardware store employs approximately 16 full-time employees, while the equipment rental store has 4 full-time employees.
Owner's Role
Owner handles finance, accounting, and purchasing orders.
Reason for Selling
The owner will be 70 years old this year and purchased the store 10 years ago, intending for his son-in-law and daughter to take over operations. Neither has interest in owning the business. The two entities can be split and sold separately if desired by a buyer.
Contracts
No
Real Estate
Two retail stores in South Florida: a 7,000-square-foot hardware store and a 3,000-square-foot equipment rental store, valued at approximately $3.2 million in combined value. The owner is open to leasing or selling the locations. The hardware store has been in its current location for 50 years, and the equipment rental store, located about a quarter mile away, has operated for 25 years.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
Current owner purchased both stores from the original owners in 2016.
Business ID: 1512
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