Profitable Hardware Store for Sale in Greenville, SC (#1691)

Revenue:
$1,869,000
Cash Flow:
$432,000
Region:
South Carolina
Location:
Greenville, SC
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

This company is a local hardware and home center that operates as a part of the Do It Best purchasing cooperative.  The business is in a semi-rural market with limited access to traditional “Big Box” competitors and has thrived in this protected geographic environment.

Founded in 2004, this second-generation family business serves as a one stop shop for all the community’s homecare needs. They carry full lines of home repair and maintenance products, selling to DIY (Do-it-yourself) customers, DIFM (Do-it-for-me) customers, as well as professionals (builders, contractors, landscapers, and maintenance departments for government entities).

They also offer certain small engine repair services.

This hardware store for sale operates out of a 14,000 square-foot showroom and a 5,000 square-foot warehouse used for storing inventory.

The company’s success is driven by its protected competitive location, overall growth of the Greenville, SC/Anderson, SC MSA, and management’s keen understanding of the specific inventory needs of its local market.

Revenue:
$1,869,000
Cash Flow:
$432,000

Your Listing Advisor.

Jackson Payne

Jackson Payne

Managing Partner

Jackson spent the first 28 years of his life chasing his basketball dreams. After playing at The George Washington University and Christian Brothers University, he was a coach at the college level for six years. The competitiveness, leadership, and work ethic he learned in athletics have been differentiators for him in the business world as well.

After getting married, Jackson got into business with his father and brother at Rio Bravo Oilfield Services, where he quickly became CFO. This birthed a love for small business, as he developed the financial department from the ground up, sat on the Board of Directors, and touched every facet of the company. He went back to business school, receiving an Executive MBA from Kenan-Flagler Business School at the University of North Carolina in 2015.

After an exit event at Rio Bravo, he worked for a few years at a boutique investment bank, mainly focusing on due diligence of small businesses that were M&A targets. In 2018, Jackson moved his wife, a native Carolinian, back home and founded Wolcott Consulting, a fractional CFO and Exit planning firm.

With over 15 years of experience as a small business CFO as well as business owner, Jackson’s passion is serving entrepreneurs. He understands intimately what it’s like to sit in their seat, both from a professional and personal standpoint. And his goal is to help use this experience to help them achieve their goals.

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