Retailer Of Hardware, Electrical & Diy Equipment | | Basingstoke Hampshire | | Retailer of Hardware, Electrical & DIY Equipment Ref.AI031 Location Near Basingstoke Asking Price £68,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51146
ADVERT IMPRESSIONS : 12,181 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | DIY Stores | | SALE: | Agent Sale | LEASEHOLD: | £68000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
The business retails a vast range of hardware, tools, DIY and gardening products, electrical accessories and small appliances etc. This is a long established family business operating for the past 20 years, providing an excellent service to the local community and was purchased by the current owners in 2004. Current turnover for this business is £118,000, gently traded and generating a gross profit of £48,000, with considerable scope for the buyer to increase these figures.
The product range offered is very extensive and well developed to meet the requirements of its customers, ranging from hardware supplies, tools, accessories, small electrical appliances and accessories and ironmongery. They stock an extensive range of products from all the leading manufacturers, giving the ability to supply the DIY enthusiast with homecare products to tackle any job, as well as providing quality tools and products for local tradesmen. The business provides its customers with an excellent range which ensures a high number of repeat and regular customers for the business. The business benefits from an outstanding reputation locally and is the only one of its kind locally and has a superb trading location.
This is a well known local business with little local competition, enjoying support from both domestic and trade accounts. This is an excellent opportunity to purchase a thriving business in an outstanding trading location with great scope for improvement and as such early viewing is strongly recommended as this business is not to be missed.
Competition:
As far as competition is concerned there is no other business of this type in the area.
Customer Service:
The company are proud of the service that is offered to customers. These services are broad and represent the company focus on responding to customer needs.
Key Strengths:
The business benefits from little to no competition in the local area and stocks a large range of items both necessary and desired by the local community.
Key Opportunity:
There is a huge scope to increase turnover further by opening the shop on a Sunday, opening an on site repair centre, opening local trade counter and with the introduction of a web site. There is also scope to introduce a modest advertising campaign as at present there is little in the way of marketing activity. This represents an ideal opportunity for a new owner to acquire a well-established and popular DIY store with good future potential.
Growth & Expansion:
This business celebrates good cash flow and tight control over its costs, a good starting point for an expansion-minded buyer.
Premises:
The business runs from two retail units situated in an established town centre high street mall, close to all amenities. The premises are leased until 2012 and a new lease would be negotiated on terms agreeable to both parties. Rent is currently £12,000 per annum and rates are circa £3,160 per annum.
Business Hours:
The business is open six days per week Monday to Saturday from 9.00 am to 5.00 pm.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more assertively. Most of the business's turnover is generated through the current existing satisfied client base, some local advertising and word of mouth recommendation
The business could also benefit from a fully functional website and from the development of interest sales and on-line ordering.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
This is a cash generative business with turnover circa £118,000 per annum with the gross profit circa £48,000.
Support and Training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Reason for Sale:
The only reason this business is being offered to the market is due to our clients desire to concentrate on his other business interests. | | | | | | FOR SALE | | | | | REFERENCE: | AI031 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
