Hardware store for sale in North Wembley with loyal customers and diverse products available
North Wembley, London
- Status
FOR SALE
- Advert ID
655389
- Leasehold: £70,000 (Stock at valuation)
- Rent: £20,000 (£1,667 per month)
- Turnover: £120,000 (£2,308 per week)
- Profit: On request
Business Details
Hardware Store for sale in Wembley
Located in North Wembley, this hardware and DIY store operates in a market with few direct competitors, offering a unique opportunity for prospective buyers. The store has been established for five years and has fostered a loyal customer base while providing a broad range of products tailored to diverse needs.
Customers will find a comprehensive inventory that includes tools, paints, and various hardware supplies from competitive brands such as Stanley, Dewalt, and Makita. The store is well-organised, featuring neatly arranged shelving and display units that allow for easy access to products, enhancing the shopping experience. Its established location boasts visible signage and an appealing storefront, which attract customers and encourage them to explore the offerings. Additionally, the workspace is efficient, integrating technology for effective sales and inventory management.
Business Details
The current owner has operated the store for the full five years since its inception and is now offering it for sale due to commitments with another business venture, limiting their ability to focus on this store. This sale includes all interior fixtures and fittings, such as shelving and counters, making it easier for the new owner to step into an operational business without needing to invest in additional setup costs.
Financial Highlights
The leasehold for this thriving hardware store is priced at £70,000, with an impressive current turnover of £120,000. The annual rent for the premises is £20,000, representing a sound investment opportunity in a growing sector.
Additional Support
The seller is committed to ensuring a smooth transition for the new owner and is willing to provide training opportunities to familiarise them with the store's operations. Furthermore, the business has an online presence through a website, offering the potential for expansion into e-commerce and reaching a broader audience.
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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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