Build a Stronger Business Future with this Ace Hardware Super Store Located in Denver
Operating for 16 months, this Ace Hardware “Super Store Plus” store has experienced significant growth and traffic in the Denver area but is now up for sale due to the seller’s health. This store is not a franchise, but instead a co-op with marketing, product buying power, back-office systems and reporting. With Ace stores having a low failure rate of less than one percent, this is a “buy versus build” sale decision that you could benefit from.
- Price: $1,650,000
- Location: Denver, CO
- Industry: Hardware Retail
- Established: 2023
Located on a Leased Facility
The store’s 23,600 square foot location was specially designed to fit the needs of a super store and includes a large parking area and easy access for deliveries. There is also extra room for bulk propane sales, which have been municipally approved. Its real estate is currently on a 10-year lease set to expire July 2033 with an option to extend twice, each for 5 years. The store is located in a populated center.
On the Path for Continued Growth
While already having a good inventory amounting to $1,002,000, there is space to carry all products within the Ace name brand suppliers and also other ”niche” products needed by the store’s customers. While currently employing 12 people, the store is meeting or exceeding its growth target and it is expected to continue on that trajectory.
Support For the Buyer
Putting the store up for sale was prompted by the seller’s health, but that only means the seller is committed to an extended training and transition period to help encourage future success. Ace Corporation also has support and training systems that have been implemented for decades across the country.