| (REF: M3379) Well Established Quality Hardware/Diy |
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| Seller Reference: |
M3379 |
| B4S Reference: |
27224 |
| Asking Price: |
£105,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£166,400 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Oxfordshire, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : This quality Hardware Shop has an excellent range of hardware/DIY/garden tools/kitchen equipment/pet foods etc.
The business has been in the same hands for the past 30 years and there are genuine reasons for sale.
IMPRESSIVE DOUBLE FRONTED SALES SHOP approx. 1,200 sq. ft. sales area with fluorescent lighting, small counter, electronic cash register, shelving, peg boarding, display stands etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £3,200 p.w. in our opinion offering further potential to increase in the right hands. Gross profit currently in the region of 43%. We are further advised by the present owner that he anticipates the turnover year ending 30th June, 2011 to show in the region of £140,000 net of VAT.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £17,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter. (Please note for the first 3 years the vendor is prepared to grant a rent reduction of £1,000 p.a. as a contribution to replacing the shop floor covering).
Uniform Business Rates: £4,500 p.a. approx.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Parking space at rear for 1 car |
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Location: |
Excellent trading position, sought after Country Town, OXFORDSHIRE |
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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 & Tuesday - 9 a.m. - 5.30 p.m.
Closing 1 p.m. - 2 p.m. for lunch
Wednesday - 9 a.m. - 1 p.m. only
Thursday & Friday - 9 a.m. - 5.30 p.m.
Closing 1 p.m. - 2 p.m. for lunch
Saturday - 9 a.m. - 4 p.m.
Closing 1 p.m. - 2 p.m. for lunch |
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The business is at present operated by the vendors wife on a part time basis (approximately 3 days per week) with the assistance of 1 full time and 1 part time lady. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. |
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