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Established DIY Retail Business with Expansion Opportunities in Prime Spalding Location

Spalding, Lincolnshire

CONFIDENTIAL

  • Freehold: £409,950
  • Turnover: £309,400 (£5,950 per week)
  • Profit: Not Applicable

Business Details

Retail For Sale in Spalding

HARDWARE AND DIY in Lincolnshire for Sale.

Ernest Wilson are delighted to bring to market this impressive and long established hardware and DIY business which has been under the same ownership for over 20 years. Our clients are now seeking a well-earned retirement. The business trades in very easy hours over five and a half day week, closing no later than 2pm daily, offering tremendous scope for enthusiastic new owners to trade more regular daytime hours and develop online sales and delivery service to boost trade. Accounts to February 2024 show an adjusted net profit in excess of £51,000. Weekly turnover £5,900 to £6,000. The business trades from substantial premises which occupy a prime trading position in the heart of this bustling market town with easy roadside parking. Our clients own the property and will either sell outright or alternatively offer a new lease to the purchaser. Comprising substantial three storey premises with four large display windows. Ground floor cash out facility, various departmental display areas offering hardware, paint and decorating, homeware, gardening, tools and ironmongery, cycling amongst others. Goods lift to first floor. First floor is presently used primarily as storage but is ideal for development in to additional retail showroom space or could be sublet to generate additional income (subject to formal Landlord’s consent). Store room, staff area, kitchen and WC. Second floor storage space. Our client leases a 2023 Ford Ranger Wildtrak through the business which is available with the business sale. Early inspection is highly recommended here.
Stock £125,000. EPC Band B.
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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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