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Renowned L D Smith Hardware Store in Mirfield West Yorkshire Up for Sale

Mirfield, West Yorkshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    22/01/24

  • Advert ID

    605406

  • Reference

    B07776 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well Established Hardware Shop For Sale

Business
Please quote reference B07776

CoGoGo are delighted to bring to the market L D Smith Hardware, a highly rated Hardware Store in Mirfield, West Yorkshire. 

The business first opened its doors its doors over 125 years ago and has been a family run business with our clients for the last 30 years. As seen by the online ratings and reviews, the business is popular with the local area, building up an excellent reputation and regular customer base. 

L D Smith Hardware has now come to the open market due to other commitments. 

L D Smith Hardware is hardware retail store that stocks a vast range of produts including;

  • Cleaning
  • DIY
  • Gardening
  • Car accessories
  • Home hardware
Key selling points -

  • Extremely well established
  • Well known in the area and further a field
  • Outstanding reputation
  • Ample footfall
  • Repeat trade
  • Low overheads
Scope for further growth -

  • Introduce online sales via their website
  • Increase trading hours
  • Look at marketing and advertising


Location
L D Smith Hardware is situated on Huddersfield Road in Mirfield, West Yorkshire.

Due to its location on a main road, it receives high levels of footfall and passing trade.

There is ample parking in the area. 



Premises
Ground floor unit -

  • Large open plan service area with ample racking and shelving.
  • To the rear of the premises is a storage room an WC.


Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease. The current rent is £1,250 per month. 



Hours
The current trading hours are -

Monday to Saturday - 10:00am - 3:00pm

Sunday - Closed



Staff
We are advised that the business has 2 members of staff. 



Financial Profile
We are advised as per the 2023 year end accounts, the business is projected to generate a turnover in the region of £113,000. Further financials can be made available upon request. 



Read more

Contact Agent

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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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.'.

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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.

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.

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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.

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The data showed regarding this advert 'Well Established Hardware Shop For Sale - B07776 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.