Description
GROUP OF HARDWARE STORES IN THE AUTONOMOUS COMMUNITY OF MADRID
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A high-earning group of hardware stores located in the autonomous community of Madrid.
The secure and profitable three hardware stores are strategically placed in three municipal cities in the north area of Madrid Capital.
The group of hardware stores has been owned by family store owners for the past three generations. The current owner has taken over the business from his father in 2002. He expanded the business by opening two more stores in addition to the existing one. The group belongs to a renowned chain of hardware stores in Spain – which is not a franchise.
Introduction
The profitable group of hardware stores is operating for generations in the autonomous community of Madrid. The business turned into a highly profitable one once it was taken over by the current owner. The growth of one hardware store into a group of three helps the business bring in a turn over of 1.500.000€ per year. The group belongs to a chain of hardware stores in Spain. Since the chain is not a franchise – no royalties or unilateral contracts are involved. The stores sell hardware, household and garden items. They also sell, rent and technically revise STIHL and Garland machinery.
Description of the company activity
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Secure and profitable group of three hardware stores in the autonomous community of Madrid – 1.600.000€ LEASEHOLD – three stores functioning + very successful web shop
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The business sells hardware, household, and garden/gardening items. It also deals with STIHL and Garland machinery – selling, renting and technical revisions. The group consists of three hardware stores that are placed in three municipal cities in the north of the autonomous community of Madrid. They were strategically chosen to offer services to a wide array of the population and gain the most profit – which it succeeded. Around 10 years ago, the group’s main hardware store joined a renowned chain of hardware stores in Spain. The chain works as a purchasing center and has 200 functioning stores. Their profits have an interesting margin of 45% in general products and 100% in many products of their own brand. Since the chain is not a franchise there are no royalties or unilateral contracts involved. The business is ready for immediate sale and will offer the buyer an excellent opportunity in the hardware store business.
For further information regarding this company for sale, please contact us using the form below, by email, or phone +34 902 84 84 68
Gychar International Business Brokers is a family-owned firm in Spain attending European and International buyers.
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