1937-Established Freehold Hardware Store in Spilsby, Lincolnshire for Sale
Spilsby, Lincolnshire
- Status
FOR SALE
- Date Submitted:
28/02/24
- Advert ID
607571
- Reference
HA35692G / Rightbiz
- Call Agent:
- Freehold: £245,000
- Turnover: £446,936 (£8,595 Per week)
- Net Profit: Not Applicable
Business Details
Freehold Hardware Store with Strong Customer Base, Spilsby, Lincolnshire
Key Features:
- Turnkey hardware store in Spilsby
- Freehold with expansion potential
- Established in 1937 with loyal clientele
- E-commerce growth opportunity
- Prime location with parking
- Support/training provided for smooth transition
Discover an exceptional opportunity in the heart of Spilsby, Lincolnshire. On offer is a long-established and profitable hardware store rooted in the community since 1937. This business is a testament to enduring quality and customer loyalty, boasting a solid reputation for its extensive range of DIY consumables, power tools, agricultural supplies, and much more. With a prime location that benefits from convenient on-street parking and additional nearby car parks, it offers an ideal setting for continued commercial success.
The store operates from a significant freehold property, presenting an excellent opportunity for expansion or diversification. The premises include spacious retail areas across the ground and first floors, alongside ample storage space across multiple levels. The business has embraced a tradition of exceptional customer service, leading to a loyal customer base and outstanding retention. Yet, it also harbours untapped potential in e-commerce and unused space that could further increase its retail footprint or serve as a base for a tradesperson.
Financially, the business is a beacon of profitability, with a NET turnover of £446,936 and an adjusted net profit of £92,831 for the last financial year. It benefits from comprehensive financial records, demonstrating consistent profitability over the years. This turnkey operation is ready for a new owner to step in and drive it forward, benefiting from full support and training during the transition period to ensure a smooth handover.
Turnkey hardware store in Spilsby
High net profit: £92,831 annually
Freehold with expansion potential
Established in 1937 with loyal clientele
E-commerce growth opportunity
£446,936 NET turnover
Prime location with parking
Support/training provided for a smooth transition
Offers around £245,000 +Stock at Valuation | Business Ref: HA35692G
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VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01858 469469.
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Listing Statistics
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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.
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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