| (REF: 1924) Leasehold Hardware Store With Spacious Accommodation In Bristol |
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| Seller Reference: |
1924 |
| B4S Reference: |
23089 |
| Asking Price: |
£139,000
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| Net Profit: |
£30,000 |
| Sales Revenue: |
£54,000 |
| Number of Staff: |
1 |
| Established For: |
85 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Shirehampton, Bristol County, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £50,000 with a net profit of £30,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business or ideal for a family run operation, partnership or husband and wife team.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides hardware, kitchenware, gardening products and seeds, coal, logs and kindling, key cutting, pet foods and seasonal plants. The business is also the only local supplier of Calor Gas and also offers a pick-up and drop off service for shoe repairs.
History
Phoenix Business Transfer Agents are delighted to place onto the market Leasehold Hardware Store with spacious accommodation in Bristol which has been established since 1926. The business has been in the hands of the current owner since 2001 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides hardware, kitchenware, gardening products and seeds, coal, logs and kindling, key cutting, pet foods and seasonal plants. The business is also the only local supplier of Calor Gas and also offers a pick-up and drop off service for shoe repairs.
Staffing
The concern employs one part-time member of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known. The business does have a website which needs to be enhanced.
Competition
There is no local competition.
Market
The client base consists of local residents, builders, painters & decorators and plumbers with the addition of high levels of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the product lines to include hire of carpet cleaning products.
• Becoming more efficient with staffing levels.
• Focus on outside services such as; gardening, general building repairs, service, maintenance, painting & decorating.
• With an enhanced website including e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced, part of a parade of shops and is approximately 300 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is concrete floored, a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear are a store rooms. There is a toilet, staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is a kitchen, dining room and living room.
Second Floor
On the second floor there are two large double bedrooms, one double bedroom, plus one single bedroom, an office and a store room.
External
To the front there is a large paved area which can be used for displaying various stock items.
To the rear there is a garden with two garages, a shed and additional car parking spaces.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £2,000.
Financial Details
The present annual turnover is £54,000 with a gross profit of 70% and a net profit of £30,000. The wages are £120 per week. The present value of the stock is £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £98,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 10 years with 1 year remaining. The rent is £6,000 pa (including the accommodation) with a review in 2012. The lease is with the local council which is renewable and negotiable for a longer term. The rates are £360 pa for the store and £900 pa for the accommodation. |
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Current Rent: |
6,000 pa |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
First Floor
On the first floor there is a kitchen, dining room and living room.
Second Floor
On the second floor there are two large double bedrooms, one double bedroom, plus one single bedroom, an office and a store room.
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Location: |
- Situated in the Shirehampton area of Bristol in Avon.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities in front of the store for customers.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A4, A4162 and B4054.
- Bristol Town Centre, Bath, Weston-Super-Mare and South Wales all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is no local competition. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the product lines to include hire of carpet cleaning products.
• Becoming more efficient with staffing levels.
• Focus on outside services such as; gardening, general building repairs, service, maintenance, painting & decorating.
• With an enhanced website including e-commerce.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Owner wishes to sell due to retirement. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday: 9.00 am – 5.00 pm.
Sunday: 10.00 am – 2.00 pm.
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The concern employs one part-time member of staff. |
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