Established Hardware & DIY Store in Folkestone Kent - Key Cutting, Lock Supplies & Growth Potential
Folkestone, Kent
- Status
FOR SALE
- Date Submitted:
25/05/23
- Advert ID
513779
- Reference
B07357 / Rightbiz
- Call Agent:
- Leasehold: £59,995
- Turnover: £166,328 (£3,199 Per week)
- Net Profit: £37,040 (23% Profit margin)
Business Details
Well established hardware and diy store for sale
BusinessPlease quote reference B07357
CoGoGo are delighted to welcome to the market County Hardware, a highly rated hardware and DIY store in Cheriton, Folkestone.
County Hardware was first established by our client in 1997, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to focus on another business venture.
County Hardware traditional DIY shop providing everything from everyday essentials to speciality products for the home and garden. They supply a vast range of DIY goods in addition to the impressive overall stock within the business.
They specialise in Keys & Key Cutting, keeping 1000's of Key Blanks in stock and also stock a large selection of locks, padlocks and replacement cylinders.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position with lots of footfall
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- Perfect business for someone looking for their first foray into self employment
- Start an eBay shop to increase turnover
- Increase marketing/advertising
Location
County Hardware is located on Cheriton Rd, in Cheriton, Folkestone. It's situated along a business road of shops.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Ground floor -
- Service area with large counter, ample display shelving and racking.
- To the rear is the WC and storage area.
- To the rear of the premises is a secure yard.
Tenure
We are advised that the business is being sold on a leasehold basis. As our clients own the freehold, they have advised that a mutually accepted lease is to be negotiated with the new buyer. The rent will be £13,000 per annum.
Hours
The current trading hours are -
Monday to Saturday – 9:00am – 5:00pm
Sunday - Closed
Staff
We are advised that the the business is run and managed by our clients, with the help of 2 part-time staff members.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £157,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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