Profitable DIY & Hardware Store with Strong Reputation for Sale in Cardiff
Undisclosed, Cardiff
- Status
SOLD / WITHDRAWN
- Date Submitted:
16/08/23
- Advert ID
518197
- Reference
INT2850 / Rightbiz
- Call Agent:
- Leasehold: £100,000
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: £100,000 (40% Profit margin)
Business Details
Long Established Hardware Shop for Sale in Cardiff
This is a great opportunity to purchase a busy and successful hardware/DIY store that specialises in key cutting and engraving. This business has been established in the same location in Cardiff for over 20 years. The store is known as an ‘Aladdin’s Cave’ and offers a large range of products from hardware necessities to standard DIY products, with many products stocked that aren’t found in other hardware stores.
The vendor purchased this business in 2022, and since, the business has increased in retail size by 40% with increased stock levels and a fantastic reputation. As a result of the post-pandemic effects on the rise of DIY, the shop has never been busier – many turned to DIY when the pandemic happened and trends have continued to stay this way.
Although there are some competitors, the business is known for its great service, unrivalled variety of products, value for money and a very loyal following.
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Listing Statistics
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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.
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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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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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