Hot Listing

Turn-key hardware and building supply business for sale – $1,800,000

Asking Price$1,800,000

Cash Flow
$330,000

EBITDA$250,000

Gross Revenue$3,159,259

Inventory$750,000
Not included in asking price
FF&E$65,000
Included in asking price
Real Estate$480,000
Included in asking price
Arial Photo
Main Store Front
Displays in store
Partial photo of main retail
More Main Retail
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Hot Listing

Turn-key hardware and building supply business for sale – $1,800,000


Asking Price$1,800,000

Cash Flow
$330,000

EBITDA$250,000

Gross Revenue$3,159,259

Inventory$750,000
Not included in asking price
FF&E$65,000
Included in asking price
Real Estate$480,000
Included in asking price
Business Description
Mayer Hardware & Building Supplies in Sioux Narrows, Ontario is offered for sale as a share sale (primary option) with an asking price of $1,800,000, presenting a rare opportunity to acquire a longstanding, highly reputable, turn-key business with exceptional growth potential. Serving the local communities and surrounding areas of Northwestern Ontario since the 1960s, this well-established business has become a trusted and essential resource for residents, cottagers, and contractors. Since taking ownership in 2016, the current owners have expanded and modernized the operation, building a strong and loyal customer base and solidifying the store as a true household name.

Ideally positioned with outstanding visibility and easy year-round access, this one-stop operation offers multiple steady revenue streams, including retail hardware, building materials, lumber, tools, a seasonal garden centre (with no direct competition within an hour), key cutting, deliveries, patio and home goods, and specialty construction supplies. Supported by its affiliation with the Castle Building Group, the store carries all major brands in the hardware and building industry, backed by a large, well-maintained inventory capable of serving everyone from DIY homeowners to full home builders. The nearest big-box competitor is over 60 miles away, with only one smaller hardware store approximately 35 minutes from town.

The property also includes attached residential accommodations, ideal for an owner-operator or as staff housing—an added benefit in a high-demand seasonal market. The share sale includes all corporate shares, business assets, equipment, fixtures, and supplier accounts. Inventory is not included in the asking price and will be added at cost at closing, along with standard adjustments customary in share transactions: plus inventory, plus accounts receivable, less accounts payable, and less short-term debt (credit lines, etc.). An alternative non-share (asset) purchase option is also available for qualified buyers, with pricing and terms provided upon request.

Comprehensive due-diligence materials—including financial statements, chattel list, inventory details, equipment information, and supplier data—are available to qualified buyers upon signing a Confidentiality Agreement provided by the seller’s lawyer. This strong, established business offers high owner/manager income with significant room for future expansion. After years of growth and development, the owners are preparing for retirement and are making this exceptional opportunity available to the market. Serious, qualified inquiries only.
About the Business
Years in Operation
9
Employees
9 (5 Full-time, 4 Part-time)
More Part time employees during summer season
Facilities & Assets
Lumber shed
Storage Shed
Sea-cans
Garden Centre - one 20x60 and one 10 x 40
Flat deck trailer
20' flat deck Tandem with Moffat
JCB 950 rough terrain 10,000 lbs forklift
F550 12' flat deck delivery truck
All computer systems and POS systems
Full video security
All shelving, pegs and industrial racking
MISC tools for daily use
Website
https://www.mayerhardware.ca/
Market Outlook / Competition
Prime location - direct highway access. Only Hardware, building supply and garden centre business in town.
Opportunities for Growth
Growing every year consistently at over 20%
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
10,000
About the Sale
Seller Motivation
Retirement
Transition Support
Will offer 1 month training for free - with option to continue training or consulting for a fee
Listing Info
ID
2213840
Listing Views
6333
Business Location

Contact Seller

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Business Listed by: Phil & Lauri Mayer

Listing ID: 2213840 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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