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DIY & Hardware Store Ramsbottom

Bury, Manchester
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  • Leasehold: £109,950
  • Turnover: £199,065 £3,828 Per week
  • Net Profit: £45,340 23% Profit margin

Business Details

    Prime Main Road Trading Position

    Accounts Available Year End 31st October 2021

    Annual Turnover £199,065

    Gross Profit £80,000

    Accounts Available After Viewing

    Established 1960’s

    Owner Operator / No Staff

    Retirement Sale

    CCTV Fitted Throughout

    Repeat Customer Base

    Excellent Online Reviews

    Scope For Website

    Potential To Expand Product Lines

    EPC - D

Description:
REF 7442 – Leasehold DIY & Hardware Store
Blacks Business Brokers are pleased to bring to the market this leasehold DIY & Hardware Store located in Ramsbottom, Bury.

INTRODUCTION
Woodholme Supplies was established in this affluent area of Ramsbottom in the 1960’s and our client took ownership in 1996. The business offers a wide range of hardware and DIY products as well as wood cutting and key cutting services. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Yell. Woodholme Supplies has a good social media following.

LOCATION
Woodholme Supplies occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco, Morrison’s and Aldi. There are also a number of housing estates, schools and other local amenities nearby. The area is well linked by the M66 with very strong public transport links and parking is available in the surrounding area. Ramsbottom is a thriving town in an affluent area of Bury which is highly sought after.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The lease will be a new five year lease running at a cost of £327 per week.

STAFF
The business operates with our client and spouse in full time employment. There are currently no additional staff in place.

FINANCIAL DETAILS
Woodholme Supplies has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st October 2021 show annual turnover of £199,065, gross profit of £80,000 and net profit of £45,340. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief due to the pandemic. The business usually has a rateable value of £3,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies an enviable trading position in a highly sought after area of Ramsbottom. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and new services. Longer opening hours, to include Sundays could also prove beneficial along with an online shop, and possibly a local delivery service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Woodholme Supplies operates from the ground and lower ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display across a glazed double frontage. Inside, the shop is split into a DIY area and separate household, gardening and plumbing section. The counter is positioned to the rear of the retail space with office and storage room behind. There is a lower ground floor which is currently used for storage and wood cutting. All areas are fully equipped and presented well.



Fixtures & Fittings:
Shelving
Racking
Circular Wood Saw
Key Cutting Machine x 2


Opening Hours:
MON - SAT: 08:30 - 17:15 SUN: CLOSED


Weekly Rent:
£327 Per Week. Weekly Rent:
£327 Per Week.
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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.

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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.

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