DIY and Hardware Business with Large Basement for Sale near Kingston Upon Thames

A rare opportunity to acquire a DIY, Hardware and Discount Store less than a year old located in a busy parade opposite a local hospital in a prosperous and affluent area of South West London. The store benefits from strong local footfall, high visibility, and a loyal customer base, making it ideal for owner-operators or investors seeking a profitable discount retail business. 

This is a well-run double-shutter DIY and discount retail store in a high-income South West London location with potential to increase sales every month further due to its extensive product range, marketing, and/or by sub-letting the basement space for additional income.

Business & Premises Details:
Lease: 14 years left (renewable)
Rent: £42,000 per annum
Rent Reviews: Every 5 years
Business Rates: Approximately £21,600 per annum (£1,800 per month)
Service Charge / Insurance: £1,200 per annum

Trading Information:
Opening Hours: 7:30 AM – 7:00 PM, 7 days a week
Weekly Sales: £4,000 – £4,500 (advised figures)
Gross Margin: Approximately 50% – 75%

Staffing:
Staff: 2 Full-Time Staff & 2 Part-Time Staff

Premises Size:
Ground Floor Shop Area: Approximately 3,300 sq ft
Basement: Approximately 1,200 sq ft

Stock:
Approximate Stock Value: £80,000 (Stock at Valuation)

Important Notes:
All sales figures are advised figures only.
All clients must carry out their own due diligence prior to purchase.

Viewing Requirements:
Serious enquiries only. Non-Disclosure Agreement (NDA) and proof of funds may be required prior to disclosure of further financial information.