5522 HIGHWAY 71, Sioux Narrows-Nestor Falls

About this property

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, reputable, turn-key business with excellent growth potential. Serving Northwestern Ontario since the 1960s, this operation has become a trusted supplier for residents, cottagers, and contractors. The current owners have expanded and modernized the business since 2016, building a strong and loyal customer base. Ideally located with excellent visibility and easy year-round access, the store offers multiple revenue streams, including retail hardware, building materials, lumber, tools, home and patio goods, deliveries, and a thriving seasonal garden centre with no direct competition within an hour. Supported by its Castle Building Group affiliation, the store carries major industry brands and maintains a large, well-managed inventory capable of serving both DIY customers and full-scale contractors. The nearest big-box competitor is over 60 miles away, with only one smaller hardware store roughly 35 minutes away. The property includes attached residential accommodations, ideal for an owner-operator or staff housing. 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: plus inventory, plus accounts receivable, less accounts payable, and less short-term debt. An alternative non-share (asset) purchase option is available for qualified buyers. Financial statements, chattel list, inventory details, equipment information, and supplier data are available to qualified buyers upon signing a Confidentiality Agreement. This strong, established business provides solid owner/manager income with room to grow. The owners are preparing for retirement. Serious inquiries only. Click Multimedia link for more info. (id:66811)