Property Description

Thriving retail hardware & lumber store, Gervais ACE Hardware, is offered for sale inclusive of business, goodwill & inventory (valued at $1M ), equipment, etc. This is an opportunity to own/operate a profitable ACE franchise with customer loyalty, a team of experienced and motivated employees, and no competition within 20+ miles. Sellers are open to negotiate a long-term lease or sell the RE for an additional consideration, for a total purchase price of $2,395,000. Consisting of a storefront of over 10,000 square feet of retail space, a 10,000 square foot, two-story lumber warehouse, a 3-bed, 3-bath home/rental, and four, income-producing, residential rental units on-site. Gervais ACE Hardware sells products ranging from hardware, plumbing, electrical, tools, sporting goods, automotive/marine supplies, and more. This business also offers a variety of services to customers such as local delivery of lumber/building materials, key-cutting, and paint matching. Features include metal frame construction, cantilever racking in outbuildings/warehouse, second-floor office space, loading area with overhead door, 27,000 BTU AC system, and 16kW emergency backup generator. Recent updates include a new TPO roofing system installed in 2020 (20 yr warranty) and interior renovations to attached apartment units/single-family home. This property overlooks the lake, has abundant parking, and has been a staple to the community and neighboring towns of Essex county for over 25 years. Additional property features and business financials available upon request to qualified buyers with a signed NDA.

Property Features