Full-Service Building Material and Hardware Store
Build on Success—Invest in Durability Made of Steel & a Loyal Customer Base!
Asking price
UGX 2,800,000,000
Space size
225 sqm
Monthly rent
UGX 9,800,000
Founded
1998
Team size
11 - 20
Description
Founded on the principle of personalized service, the business offers a comprehensive selection of high-quality tools, building supplies, paint, plumbing materials, and other components. This is a rare opportunity to acquire a thriving hardware store with a free-standing building on the high-traffic Entebbe Road, offering exceptional visibility and accessibility. This 1,300 sq. metres retail space, complete with a 1,300 sq. metres basement for storage or expansion, comes fully stocked and ready to operate.
This well-known hardware store provides a comprehensive range of products and services to homeowners and contractors. From tools and building materials to paint, hardware, and garden supplies, it's a one-stop shop for all home improvement needs. They carry a full line of hardware and cover the needs of all their customers.
There is a rising demand for construction materials, tools, and home improvement supplies on Entebbe Road, creating a steady and increasing customer base. Additionally, being part of this growing community allows for strategic partnerships with local contractors, builders, and developers, leading to bulk orders and long-term business relationships. The hardware store has over 4,000 savings customers among their loyal customer base of homeowners, professionals and commercial accounts.
Conveniently located with excellent highway access, the store offers a diverse range of products including tools, flooring and a wide selection of construction and farm supplies. This presents an exceptional opportunity for a lumber, welding supply or construction company to integrate seamlessly with the existing business and capitalize on its strong market presence and loyal customer base.
- Prime Location: Strategically located in a thriving Entebbe Road suburb with high visibility, easy accessibility, and steady foot traffic.
- Prime Real Estate: Large parcel with a free-standing building on a high-traffic main road. Ample parking for 85+ vehicles.
- Comprehensive Product Selection: Diverse product lines including hardware, lumber/building materials, housewares, lawn & garden, electrical, plumbing, automotive, and paint & sundries.
- Experienced Staff: Dedicated team of department managers, assistant managers, full-time and part-time clerks, and part-time cashiers. Knowledgeable staff members are always on hand to provide expert advice, guiding customers toward the right products for their home improvement or construction projects.
- Strong Community Presence: Trusted local brand with repeat customers. Its primary clientele is composed of general contractors, sub-contractors and homeowners. Approximately 80% of revenues is sold to contractors – most of whom are repeat and loyal. The business is open six & a half days a week to best serve customers.
- Diverse Inventory: Hardware, home improvement supplies, and premium paint selection.
- Ready to Operate: Fully stocked, equipped, and staffed for seamless ownership transition.
- Fully Equipped Operation: Sale includes all equipment, fixtures, and inventory required for immediate business continuity.
- There is plentiful parking along Wankulukuku Road and on the side of the building on a private parking lot. All the necessary furniture, fixtures, equipment, and inventory come with the sale, offering the perfect turnkey opportunity.
- Partnerships and suppliers: EWxclusive distributorship arrangement provides just-in-time inventory which allows for low inventory investment and results in advantageous pricing.
- Beyond its plentiful products, the store also offers services like equipment rentals. So, it has multiple streams of revenue, both from the products it sells and the huge amount of services it offers.
By combining convenience, competitive pricing, and friendly expertise, the business continues to be a go-to resource for all things hardware in the local area.
Real Estate is available but not included in the purchase price.
They are talking business
38 buyers in active discussions
Business strategy
Growth rate
9%
Customers
2500+
Business model
- Building savings
- Business-to-business (B2B)
- Direct-to-consumers (DTC)
- Business-to-consumer (B2C)
The business enjoys multiple streams of revenue from selling goods as well as services.
Assets & FFE (Furniture, fixtures & Equipment)
- The business has excellent computers, computer systems and software, Security system, Printers, POS system and POS registers.
- Equipment includes shelving fixtures, display racks, key-cutting machines, paint mixers, glass cutting machine and.
- Equipment Rental: 2 Ton Flatbed, Radial Arm Saw, Fork lift, Table Saw, Hand & Power Tools, Pipe Cutting/Threading Machine, Pipe Cutting Rack & Tools.
- Good location with 1,300 sq. metres. of retail showroom space, displaying a wide range of products including building materials, tools, hardware, paints and more.
- Paint Mixing Machines - Color Dispenser and Shakers, Pallet Jack.
- All Displays and Store Shelving, pegs and industrial racking MISC tools for daily use
- Rock Cart, Loading Carts, Chainsaw Sharpener (Stihl), Chain Maker for Chainsaw.
- Inventory covers tools, fasteners, plumbing, electrical, paint, lawn & garden supplies.
- Business assets include vendor relationships, a customer database, a website, and branding materials for marketing.
- Furniture & Fixtures, Filing Cabinets, & Air Conditioners.
- Generac Portable Generator, Industrial Fans, Air compressor, Rebar Cutter, and more!
- Key Making Machine, Key Cutting & Locksmith Services
- Semi-enclosed yard outdoor area for trailers, equipment, and large mowers, with 20 feet containers for large storage and bulk inventory items and a lumber yard
- 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
- Located on 1.243 acres of land, Zoned Commercial.
- 7,000 sq. metres warehouse space.
- 40 sq metres office space.
- Security camera and alarm & security system.
- All the above included in asking price
The depth and breadth of assets sets this property as a one-stop store for the hardware need of even the most discerning customer.
Growth opportunities
- Expand operating hours - Open evenings, Sat afternoons and Sundays
- Add a small containerized lumber yard in the Back Lot
- Add Equipment Leasing
- Increase commercial accounts
- Continue to refine and grow inventory
- Launch an e-commerce platform to reach a wider customer base
- Offer local delivery services
- expanding product lines to include specialty hardware, home improvement services, or smart home technology.
- Upgrade delivery fleet to expand service radius
- Adjust margins to align with industry benchmarks
- Grow Kitchen & Bath Center operations
- Increase pricing
- Hire a sales team
- Expand to new markets
- Social media marketing
Significant opportunities to add volume and profit. The addition of masonry products and option for delivery could establish the store as the only local source for masonry blocks, retaining wall blocks, deck blocks, and pavers.
Competitors
- Speciality sellers like concrete block manufucturers or lumber sellers.
This store is the largest hardware retailer in an 8 mile radius. The islandarea boasts a very affluent homeowner population with luxurious short-term rental sprouting up everywhere. High-end luxury construction has seen remarkable growth over the last 10 years. Furthermore, the renovation and maintenance in this luxury market is significant, all rental homes must be kept in “near new” status to maintain high weekly rental rates. This demographic and economic situation has created a need for home construction, renovation, and maintenance.
Transition Details
Training & support
- Current ownership is committed to investing in a new owner by providing supportive training, introductions to vendors and customers, and facilitating an overall smooth transition
- Owner is willing to provide 4 weeks of on-site training and 2 weeks off-site thereafter.
Real Estate
- Leased
Financing
- None
Reason for selling
- Retiring
Location Details
Highway
Entebbe Road
Access Road
Wankulukuku Road
Neighborhood
Seguku
District
Wakiso
