WHITE HARDWARE
Be your own boss! Do not miss this first-time-on-the market opportunity! White Hardware is located on Main Street in beautiful downtown McCormick, South Carolina. Established in 1919, it has maintained a strong profitability for years. There is no real competition in the area, with the nearest big box store being 25 miles away.
2020 sales were up over 25% and net income growth was up 30%! The three year average business cash flow exceeds $170,000 per year.
The store is located only 10 minutes away from Savannah Lakes Village. This is a large master planned, amenity based resort development located directly on 71,000 acre Lake Thurmond, and this store is their primary go-to place for home repairs. It would be a great place to live and run the business! Real estate will be sold separately, with possible owner financing in conjunction with the purchase of the business.
Location: McCormick, South Carolina (pop. 2,783)
Price: $295,000 (real estate not included)
Gross Revenue: $582,000
Cash Flow: $201,000
Total Square Footage: 8,960
Employees: 2
Financing: Minimal owner financing to qualified buyers, with a substantial down payment.
Reason for Selling: Owner retirement
