Flaxley DIY, Renowned Hardware Shop in Birmingham West Midlands for Sale
Birmingham, West Midlands
- Status
SOLD / WITHDRAWN
- Date Submitted:
15/08/23
- Advert ID
518111
- Reference
B07461 / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Extremely well established hardware shop for sale
BusinessPlease quote reference B07461
Hilton Smythe are delighted to welcome to the market Flaxley DIY, a highly rated hardware and DIY shop in Birmingham.
This well established business has a renowned reputation amongst local residents and is a superb opportunity to take on a high turnover local business in an area teeming with customer.
The business was originally established back in 2005, with our client taking over in 2017.
Flaxley DIY has now come to the open market due to personal circumstances.
Flaxley DIY are based in Stechford and cover local areas around Saltley and Birmingham. The store sells an array of tools, hardware and anything to help with DIY and construction projects. They have a wide range of tools, paints, accessories, solvents and fittings and also cater their products to many trades like plumbers, DIY trades, electricians and builders.
Our clients business pride itself on efficient and quick service to get you the tools and hardware equipment you need to get your DIY job done, with the store packed full of useful tools and equipment to help you with anything.
The sale of the business includes the company website and social media pages. The shop also enjoys impressive online ratings and reviews.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position on a busy main road with little or no competition
- Low running costs with inexpensive rent and no business rates
- Current owner happy to offer a handover to ensure the continued success
- Priced to sell
- Ideal owner managed or partnership business
- Advertising and Marketing campaign, a local leaflet drop usually yields good results
- Maximise the use of social media
- Extend the opening hours
- Introduce a customer loyalty card/scheme
Location
Flaxley DIY is located on Flaxley Road in Smethwick, Birmingham.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Flaxley DIY occupies generous ground floor premises and briefly comprises;
Shop -
- With windows and glazed door to front creating a light, airy and inviting interior. Nicely presented and extremely well stocked with tiled floor, suspended ceiling with concealed LED lighting, long (6m) bespoke counter with racking to front and a generous wrapping area with till and card machine, perimeter shelving, long tool section, freestanding product displays, ample floor storage space, 9 camera CCTV System.
- Good sized stockroom / warehouse with perimeter shelving and floor storage space.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a mutually acceptable lease with a new owner. The rent is currently £8,400 per annum. The existing lease is currently on a monthly rolling basis.
Hours
The current trading hours are -
Monday to Saturday – 9am – 6pm
Sunday – 10am – 6pm
Staff
We are advised that the business is run and managed by the owner.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Advert pending deletion
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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