It's a major undertaking to buy a business and enter into a new way of life. We strive to make the transition from prospective buyer to owners of your own business as comfortable as possible. United Hardware offers a comprehensive program to help you with the entire purchase process. Toward that end we offer the following assistance to prospective new store owners:
1. Store Purchase Assistance
- Identify store for sale opportunities available
- Ongoing advice and suggestions regarding the store purchase process
- Our help assembling the sales, gross profit, expense, net profit and cash-flow estimates
- Assistance in the "Due Diligence" process - fact finding and analyzing the business opportunity
- Suggestions regarding changes or enhancements to improve a store's sales, profit and cash-flow
- Purchase Agreement terms and suggestions - (your legal counsel to finalize)
- Help and guidance with the assembly of your business plan
- Consultation and preparation for obtaining financing
- Bank presentation support - we'll be there with you
- Bank follow-up - questions, support information, etc. required by lender(s)
- Guidance regarding business entity formation
- Suggestions and guidance for preparing to take possession and getting ready for transfer inventory and closing
2. New Account Application - United Hardware
- Assembly of new account application for the Hardware Hank franchise
- Careful explanation of our programs, support services, and charges
- Prompt processing of your application
3. Transfer Inventory Assistance
- This key step is necessary to determine inventory value prior to the closing
- Available to assist with the transfer inventory - (buyer & seller must agree)
- On-site help to assist buyer and seller with determining total inventory value
- Recap of the inventory, along with support documents required for the closing
4. Ongoing support
- District Manager assistance throughout the transition
- In-store training on United Hardware's programs and services
- Ongoing retail operations support from United Hardware's field staff
This is a comprehensive program available to help you locate, analyze, purchase, and get up and running as a new store owner. Best of all, this a no charge service provided to our prospective new store owners!
Current Opportunities