100+ Year-Old Hardware/Home/DIY Store - 8,000 sqft, 16,000 Stock Lines, 40% GP in Crediton Devon
Crediton, Devon
- Status
FOR SALE
- Date Submitted:
19/04/23
- Advert ID
511927
- Reference
HA35666N / Rightbiz
- Call Agent:
- Freehold: £520,000
- Leasehold: £45,000
- Turnover: £639,028 (£12,289 Per week)
- Net Profit: Not Applicable
Business Details
HOMEWARE, HARDWARE, COOKWARE, ELECTRICAL, DIY, GARDEN & PET SUPPLIES
Major landmark HARDWARE/HOMEWARE/DIY store, 100+ years established, occupying valuable trading position within this MID DEVON town, centrally positioned on CREDITON HIGH STREET, opposite Costa Coffee, close Tesco Express, with free restricted stay car parking immediately in front. Benefiting from huge eye catching frontage, the whole premises approaching 8,000 square feet plus 2 flats.
Huge property, vast lower ground floor storage area with rear covered delivery entrance, workshop/key cutting area, cloakroom. Main ground floor retail area, offering numerous sections, plus rear showroom, first floor office and cloakroom, second floor staff facilities and store. Useful enclosed rear yard/delivery area, complete with outbuildings offering additional storage, propane gas storage cage, and valuable car parking area. Additional 2 bedroom flat and 3 bedroom flat included in Freehold purchase option.
Renowned business, offering some 16,000 stock lines, member of the popular Home Hardware Group from which the majority of stock is obtained. Sales 2022 £639,028 ex Vat, Gross Profit 40%, predominantly walk in trade from private individuals, only a small number of account customers, no real direct competition. Retirement sale after many years, scope website/online sales, and other lines such as workwear.
Freehold £520,000 sav OR Leasehold £45,000 sav Ref: HA/D35666N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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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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