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CONFIDENTIAL SALE
FOR SALE
21/09/23
600035
diylins23 / Rightbiz
Busy local hardware shop in excellent location. With no branded DIY store within several miles, it offers a range of household goods, DIY hardware and tools for those small jobs that need to get done and you never have the correct things to hand.
With parking at the kerbside in front of the shop or to the side/rear in a separate car park the business offers convenient DIY shopping to the surrounding villages driving footfall and conferring a turnover of £3000 per week, with excellent margins.
The Traditional Hardware Store offers everything from Hardware to Homeware to Haberdashery as well as
Currently run by partners, the store opens 8.30 to 5.30pm Tues-Thurs and 8.30pm-3 pm on Friday and Saturdays. The business has been trading for 200 years!! but only in the hands of the current owners for 11……
Strengths of the business
Established in the community for many years, strong and loyal customer base.
Average footfall 70-110 per days ..
Reputation for Go to Shop for almost anything!!
The premises has three selling spaces and one small for sewing /knitting. has a yard with vehicle access and two outbuildings, storeroom and a large loft
Rates are £3 k pa and Rent £23K pa available on a long lease.
The current owners rely on footfall to drive trade, and whilst the business is listed on Yell and Google maps, more could be done to market the business and drive trade.
Opportunities for growth
Opening more days and more hours
Establishing online sales
Workshop to the rear for timber products (planters, bird tables etc )
Deliveries to the large elderly population.
There would also be the opportunity for an owner to spend more time in the store reducing the cost of staff and increasing profits.
The business is VAT registered, current stock level is ca 45K. The business is offered with all fixtures and fittings ready to trade, (full list available on viewing) Offers are invited for the business to include all assets and goodwill on a cash free debt free basis.
We would strongly recommend the earliest possible viewing to avoid disappointment.
A full profile is available once a non-disclosure agreement has been signed.
All enquiries to City Business Brokers.
Note: Library images may have been used for display purposes
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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