Freehold Hardware, Ironmongery & Diy Goods
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $324588
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1913
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Training The owner believes that the staff will be very willing to stay and be part of the business with the purchaser. Given the existing levels of accountability and experience the handover process will be straightforward. The exact period will be agreed as part
Reason for Sale Retirement.
Description Freehold Hardware Store - Retailers of Hardware, Ironmongery & DIY Goods
Large Freehold Premises
Ref.AI034
Location Lancashire
Asking Price œ 449,000
This wonderful family business was established over one hundred years ago and has successfully traded in the town throughout that period.It has been trading from its current high street location for the last 35 years and is now a highly respected and integral part of the local community with a customer base that encompasses several generations of many local families and businesses. Without question it is one of the largest and leading privately owned hardware stores in the region.
It would be easier to list what it doesn't sell rather than try to list the extensive range of household goods, ironmongery and DIY equipment. Suffice to say it stocks everything from the smallest screw right through to electrical and white goods and garden equipment. The company has thousands of product lines and if it does not carry the item, it almost certainly can order it for you from an extensive supply chain.
Approximately 70% of business is retail with the remaining 30% being made up of commercial/trade business.
The business is located in the town centre with ample parking. The premises are large and freehold. The ground floor shop comprises circa 3,600 square feet of prime retail space with approximately an additional 4,550 square feet of space on the first floor. The first floor is currently used as storage for stock as well as having office space.
In addition to this the business benefits from leasing a proportion of the building to an adjoining ground floor retailer (circa 900 square feet). There is a commercial 15 year lease in place with circa 7 years remaining. This generates rental revenues of circa œ16,500 p.a. to the owner.
The business has established an extensive customer base of loyal customers and is very efficiently run.
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