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BUSINESS REFERENCE : 10206 / RightBiz LEASEHOLD DIY & HARDWARE STORE FOR SALE IN POWYS | | | | | | DIY & Hardware Store Powys Wales T/O: £260,000 GP: 35% Well established, award winning business. Highly visible town centre location. Scope to increase turnover. Leasehold: £114,950 + SAV | | | BUSINESS LOCATION: | Undisclosed Powys UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | DIY Stores | | SALE: | Agent Sale | LEASEHOLD: | £99,950 + SAV | ANNUAL RENT: | £22,500 | | | | | | | | | | | BUSINESS DETAILS: | Location
The business is located in a highly visible, town centre position, which benefits from a high level of passing trade, in the busy town of Brecon. This popular shop is situated within a bustling parade and is surrounded by complementary businesses, including high street banks, estate agents and other retail outlets. Brecon is currently undergoing a radical redevelopment of its road system, as well as a regeneration programme, which is aimed at attracting more people to the town centre. Brecon is located in Powys, Mid-Wales and is close to where the A40 (Monmouth-Fishguard) meets the A470 (Cardiff to Merthyr Tydfil) junction.
Business History
Bag A Business is delighted to offer to the market this exceptional, award winning (2007 National High Achiever Award) hardware and DIY business, which was established in 1988, as an addition to our clients' existing business, and is only now being offered to the market due to their wish to retire. During our clients' ownership they have constantly developed the business and now provide an unrivalled choice of hardware products, paints, housewares and gardening items, as well as offering a delivery service. The business benefits from its close relationship with a national buying group, that allows our clients to retail their goods at excellent profit margins. Currently the weekly turnover is in the region of £5,000 achieving a gross profit of 35%. There is ample opportunity to improve turnover through proactive marketing, website development and extending the opening hours. We feel this offers an excellent platform for purchasers looking for a lifestyle change, or those looking for a business with opportunity for development.
PROPERTY DETAILS
Two storey building of brick construction situated under a pitched tile roof with a retail trading area in the region of 1,500sq ft, briefly comprising:
GROUND FLOOR
Perimeter shelving for display
Merchandise gondolas
Free standing display racking
Service counter with till
Paint mixing facilities
Key cutting facilities
Rear stockroom
WC
Kitchen
OPENING HOURS
Mon - Sat: 8.30am - 5.30pm
FINANCIAL DETAIL
W/T: £5,000 approx
GP: 35%
TENURE
Leasehold
Original length: 21 years
Remaining length: 12 years
Rent: £22,500 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10206 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
