This established main street full-service franchise hardware store has served its growing rural community for over 65 years as the only provider of hardware, tools, and equipment. With its unique position as a regional hotspot for hunting and fishing as well as a being a year-round specialty tourism hotspot, this business has expanded its offerings over the years to sell not only hardware but also firearms and hunting & fishing licenses. This is a unique opportunity to secure a main street presence in a growing, in-demand community within close proximity to both Mankato and the Twin Cities Metro with its access to the interstate system. The business is open six days a week, staffed by the owners with no current staff that will transition with the business. With the local traffic, the business deals primarily with walk-in clients of on average of 65 daily. The business has many opportunities for growth with its location for commercial clients that can be generated by a new owner.
The business operates as a sole proprietorship under a well-known franchise name that is transferable with the business but is not required to do so. Current franchise fees are extremely reasonable and provide access to the supplier network providing easy access to a wide range of stock for the store. The franchise also provides marketing opportunities for the business. With the franchising transferred, this would present itself as a turnkey business and a smoother transition for a new owner. Currently, the store's primary offerings include general hardware, plumbing, paint, lawn and garden supplies, equipment rentals, lawn mower repairs, electrical, housewares and window & screen repairs. Current owners are willing to assist a new owner though transition and will work within the business for up to six months.
The businesses prime main street location is housed within an approximate 3000 sq ft structure of storefront with an attached and underutilized 2000 sq ft high ceiling garage with ample parking in both the front and rear. Opportunities for further development on this business are presented through the garage as it can be used for a repair space for either small engine equipment, auto repair, or general workshop space. The building must transfer with the sale of the business. Assets included with the purchase of the business are all inventory, shelving, and building fixtures.
If you are interested in this listing, please contact South Central Minnesota SBDC Regional Director Mike Hahn – Mike.Hahn@mnsu.edu or (507) 389-8875 for more info.