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Longstanding Hardware/DIY Shop with Retail Building and Flat in East Riding of Yorkshire for Sale

Kingston Upon Hull, East Riding of Yorkshire
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Hardware, DIY and Household Shop open for 35 years. Photo 1
Hardware, DIY and Household Shop open for 35 years. Photo 2
Hardware, DIY and Household Shop open for 35 years. Photo 3
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Hardware, DIY and Household Shop open for 35 years.Hardware, DIY and Household Shop open for 35 years.Hardware, DIY and Household Shop open for 35 years.
  • Status

    FOR SALE

  • Advert ID

    613746

  • Freehold: £285,000
  • Turnover: £300,000 (£5,769 Per week)
  • Net Profit: On request

Key Features

  • Potential for Alternative Use
  • Fully Fitted
  • Attractive Business
  • Prime Location
  • Established Business
  • Small Business
  • Accounts Available
  • High Turnover
  • Company for Sale

Business Details

Hardware, DIY and Household Shop open for 35 years.

My family business, serving the local community with various products including DIY hardware, paint, tools, homeware, cleaning products,key cutting facility and pet foods and much more for the past 35 years, is for sale. This well-established platform, worth approximately £100,000 in stock, not only covers all fixtures and fittings but extends to a spacious retail building. The building comprises multiple storage rooms, complemented by a 1-bedroom flat inhabited by long term tenants.

Regrettably, the sale had to be conducted due to family circumstances, even though the business is very profitable and manageable. Additionally, it holds a huge capacity for expansion and elevating turnovers. The potential buyer will receive a week's free tuition from myself to ease their transition into the business. During this period they will be introduced to all aspects of running the shop.

At present, the business is up and running at full potential, with assistance from two staff, who come with over 50 years of collective experience from working in this shop. All financial records of the business will be disclosed during the initial contact with potential buyers. In keeping with transparency, you can look forward to more information and pictures being added shortly.

For sale -

- Large shop and flat freehold valued at £150000

- Very large amount of stock adding upto £100000 approximately 

- Vast amount of fixtures and fittings 

- 35 years of trading and good will

- 1 week of tuition to make transition easy

- Staff available to stay with business with over 50 years of experience in the shop

- Key cutting machinery and blanks worth over £5000

 Matt 

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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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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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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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