Hardware Store

Business Idea: Start A Hardware Store in 2024

Updated: July 7th, 2024

Avg Startup Costs
$18.9K
Score
73
Market Size
Min Revenue
$30K/month
Max Revenue
$500K/month
Avg Days To Build
30 days

A hardware store sells tools, farm implements, and construction materials such as nails.

To start hardware, decide between opening your hardware store or starting a franchise. A franchise store provides access to an established name, a well-proven operational model, and a reliable supply chain. On the other hand, starting your hardware store lets you make independent decisions about how the business will operate.

Examples Of Successful Hardware Stores

Successful hardware store businesses and case studies

Mermar Electronics, a California-based PCB manufacturing and assembly company established in 1974, has served over 100 unique clients and generated $2M in monthly revenue, with plans to upscale to $5M every month through facility expansion.

$500K Monthly Revenue
Read by 2,526 founders

Suffolk Latch Company, an online store specialising in traditional and hand forged ironmongery, has experienced a 20% increase in turnover compared to the previous year despite economic turbulence, attracting and retaining customers through a multi-pronged approach of Google ad campaigns, reviews and social media, blog articles, and selling through eBay and Amazon.

$70K Monthly Revenue
Read by 7,746 founders

See full list of successful hardware stores.