Leicester Hardware Store with Accommodation for Sale, Known for Excellent Customer Service
Leicester, Leicestershire
- Status
UNDER OFFER
- Date Submitted:
14/08/23
- Advert ID
518055
- Reference
B07468 / Rightbiz
- Call Agent:
- Leasehold: £69,999
- Turnover: £137,910 (£2,652 Per week)
- Net Profit: £15,455 (12% Profit margin)
Business Details
Hardware store with accommodation for sale
BusinessPlease quote reference B07468
Hilton Smythe are delighted to welcome to the market Bibs Hardware, a highly rated hardware and DIY store in the village of Stoney Stanton, Leicestershire.
Bibs Hardware was originally established over 50 years ago and has been under our clients ownership for the last 18 years. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients desire to retire.
This iconic business has been a staple within the community for over 50 years known for its outstanding customer service and range of products which include;
- Household goods
- Cleaning materials
- Electrical items
- Tools
- Pet foods
- Gardening products
- Paints and varnishes etc
- Plumbing
- Motor accessories
- DIY products
- Lighting and bulbs etc
- Ironmongery
The business has many regular customers, many of whom are known on a first name basis by the owner who is a popular and well respected member of the local community. The business receives most of it’s custom through word of mouth and referrals.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- Current owner happy to offer a handover to ensure the continued success
- Includes owners accommodation or immediate rental income
- Ideal owner managed or partnership business
- All fixtures, fittings and equipment included making this a real Turnkey business opportunity for a lucky new owner.
- Advertising and Marketing campaign, a local leaflet drop usually yields good results
- Maximise the use of social media
- Website, ideally with an e-commerce facility
- Introduce a customer loyalty card / scheme
- Extend the opening hours
Location
Bibs Hardware is located on St Michaels Court in Stoney Stanton, Leicestershire.
The business has eye catching signage and receives high levels of footfall.
Premises
The business occupies premises ideally suited to the trade comprising a generous and well stocked retail shop on the ground floor with a stockroom, WC and kitchenette.
To the first floor is a nicely presented two bedroom flat which is currently rented out for £575 per month although it could quite easily command a rent of approximately £600 to £650 per month.
There is an allocated parking space to the rear and also 2 and a half hours free customer parking to the front of the premises.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 12 year lease. The rent is £15,000 per annum.
Hours
The current trading hours are -
Monday to Saturday - 8:30am - 4:30pm
Staff
We are advised that the business is owner run and managed, with help of family and casuals as and when needed.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financial information can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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