General Hardware And Homeware Store | | Birmingham West Midlands | | BIRMINGHAM GENERAL HARDWARE & GARDEN EQUIPMENT Extremely well established business which has been trading for over 21yrs Excellent high visibility location on the cross roads of a busy arterial road Huge stock of products on display Outstanding net annual sales of circa £552,000 which is being achieved consistently L/H: £250,000 + SAV REF: 1258B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72131
ADVERT IMPRESSIONS : 7,047 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | DIY Stores | | SALE: | Agent Sale | LEASEHOLD: | £250,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business occupies a high visibility location on a small parade in a densely populated residential area of Birmingham
HISTORY
The business was founded by the present vendor over 21 years ago
REASON FOR SALE
The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
The premises is an Aladdins cave of products with a huge selection which includes:
Large selection of garden products
Large selection of storage containers
Large selection of garden planters
Specialise in batteries and bulbs
Large selection of shopping trolleys luggage and bags
Stationary
Large selection of DIY and decorating products
Good selection of electrical products from wall switches to fires and fans
Pocket money toys
House hold cleaning products
Selection of confectionary
And much more
CUSTOMERS
The customers are drawn almost exclusively from the densely populated local area and from the high volumes of passing traffic
Benefits from numerous local infant and primary schools
STAFF
The business has 4 full time members of staff plus 4 part time who work on average for 20 hours per week and a single Saturday only girl
TRADING HOURS
Mon - Sat 8.00am to 5.30pm
Sunday: 9.00am to 4pm
FINANCIALS
Sales
2011 - 552,450
2010 - 552,780
Gross
2011 - 210,685
2010 - 212,153
Net
2011 - 84,326
2010 - 85,595
Stock holding £40,000 - £50,000
The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary staff introductions
PREMISES
Terraced ground floor lock up premises which very briefly comprise:
Two sizeable shops knocked into one very large shop with additional stand alone end terraced unit, all 3 units have a very wide pavement frontage allowing for a considerable outside display facility
Centre display gondolas in each unit
All walls full shelved and stocked
Rear storage areas
Third small unit with side wall display and shelving
Two ground floor and 2 first floor small storage units to the rear of the premises
STRENGTHS
An extremely well established business which has been trading for over 21 years
Excellent high visibility location on the cross roads of a very busy main arterial road
Huge stock of products on display
Outstanding net annual sales of circa £552,000 which is being achieved consistently and is currently producing reconstituted net profits in the region of £85,000 per annum
SCOPE
This is clearly already a very successful business, it does however, still offer tremendous potential to increase both sales and profits in the near future by:
1. Increasing the outside display area
2. Rent additional local storage so more stock can be held
3. Offer more garden products at the appropriate time of year such as garden plants, hanging baskets and bedding
4. There is the possibility at some time in the future of buying the freehold of the property
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1258B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
