Newly Established Ace Hardware Franchise in Antioch, TN
Nashville, TN
About this business
This is a chance to take over a recently launched Ace Hardware franchise situated in Antioch, Tennessee, part of the Nashville metropolitan area. Established in 2023, the business operates from a spacious 22,778 sq. ft. retail space, catering to local residents, contractors, and customers in need of hardware, tools, and home improvement supplies. The franchise benefits from the well-known Ace Hardware brand, a prime retail location, and significant investments in store enhancements and inventory, totaling around $708,030 at average cost. The current performance has not met initial financial expectations due to limited management oversight and insufficient marketing efforts, creating an opportunity for a proactive operator to enhance performance through better management, local marketing strategies, and community engagement. The lease runs until July 14, 2028, with options to renew for an additional five years. There is room for growth by increasing owner involvement and implementing a consistent marketing strategy.
Details
| Furniture, fixtures & equipment | $350,000 |
|---|---|
| Real estate | Leased |
| Established | 2023 |
| Employees | 9 |
| Reason for sale | Other Business Ventures |
| Location | Nashville, Tennessee |