Leicester Hardware Store with Accommodation for Sale, Known for Excellent Customer Service
Leicester, Leicestershire
- Status
FOR SALE
- Advert ID
518055
- Reference
B07468 / Rightbiz
- Call Agent:
- Leasehold: £44,995
- Turnover: £137,910 (£2,652 per week)
- Profit: £15,455 (12% Profit margin)
Business Details
Hardware store with accommodation for sale
BusinessPlease quote reference B07468
CoGoGo is thrilled to introduce Bibs Hardware, a highly rated hardware and DIY store in the charming village of Stoney Stanton, Leicestershire.
Established over half a century ago, Bibs Hardware has flourished under its current ownership for the past 18 years. This beloved business is a cornerstone of the community, renowned for its stellar reputation and loyal customer base.
Now on the market as its owners look towards retirement, this iconic shop has been a community favourite for decades. Bibs Hardware is celebrated for its exceptional customer service and extensive product range, which includes:
- 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
With a multitude of regular customers, many of whom are on a first-name basis with the owner, Bibs Hardware thrives on word-of-mouth and referrals. The owner, a well-respected community member, has built a strong personal connections with customers.
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.
This is a rare opportunity to acquire a thriving, community-loved buisness with a rich history and significant growth opportunity.
Location
Bibs Hardware is located on St Michaels Court in Stoney Stanton, Leicestershire.
The business boasts eye-catching signage and receives high levels of footfall.
Premises
The business occupies a prime location, featuring a spacious and well-stocked and well-stocked retail shop on the ground floor, complete with a stockroom, WC, and kitchenette.
The first floor boasts a beautifully presents a two-bedroom flat, currently rented out for £575 per month. However, it has potential to achieve a higher rent of approximately £600 to £650 per month.
Additionally, the property includes an allocated parking space at the rear and offers 2.5 hours of free customer parking at the front.
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
Advert Statistics Graph
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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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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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