Hardware Store

Business Idea: Start A Hardware Store in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$200K
Avg Startup Costs
$18.9K
Score
73
Market Size
Avg Revenue
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.

Revenue & Profitability

How much do hardware stores make?

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 2,656 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 7,977 founders

See full list of successful hardware stores.