Top Newcastle hardware store for sale - prime location, low costs, great reputation
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
02/05/23
- Advert ID
512545
- Reference
B07322 / Rightbiz
- Call Agent:
- Leasehold: £29,995
- Turnover: £78,000 (£1,500 Per week)
- Net Profit: £17,000 (22% Profit margin)
Business Details
Highly rated hardware store for sale in Newcastle
BusinessPlease quote reference B07322
CoGoGo are delighted to welcome to the market Evans DIY, a highly rated hardware and DIY store in Newcastle Upon Tyne.
Evans DIY was originally established in 2002, with our client taking over in 2018. 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 pursue other interests.
Evans DIY is an extremely well stocked shop selling a range of hardware products along with -
- DIY Products
- Gifts
- Helium Balloons
- Greeting cards and gift bags
- Toys
- Pet food and snacks
- Cleaning products
- Sand, cement and plaster
- Flowers and plants
- Garden products
- Buckets, mops and brooms
- Plant pots
- Step ladders
- Tools
- Paint & brushes
- Key cutting
- A well established business with an enviable reputation and many regular customers
- Prime trading position with lots of footfall and free parking
- 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
- Low running costs with inexpensive rent and no business rates
- Advertising and marketing campaign, a local leaflet drop usually yields good results
- Maximise the use of social media particularly Twitter and Instagram
- Website ideally with an e-commerce facility
- Start an eBay shop to increase turnover
- Introduce a customer loyalty card / scheme
Location
Evans DIY is located at the Kenton Retail centre on Halewood Avenue in Newcastle Upon Tyne.
The business has eye catching signage and receives high levels of footfall and passing trade
Premises
The business occupies a premises ideally suited to the trade with generous retail area, a useful storeroom, kitchenette and WC.
The business is nicely presented and maintained with clear visible signage
There is a wealth of free parking close by.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease, with 5 years remaining. The rent is £8,900 per annum.
Hours
The current trading hours are -
Monday to Friday – 9:00am – 4:00pm
Saturday – 9:00am – 3:00pm
Sunday – Closed
Staff
We are advised that the business is run and managed by the owner, with the help of casual staff as and when needed.
Financial Profile
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 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.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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
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
Get Solicitor
