Business for Sale Overview:
Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established and profitable hardware and bottled gas retailer.
Established almost 100 years ago and in the proud ownership of our client for over 28 years, the business is only now being offered for sale as he plans to retire.
The business has a huge stock selection including: Power tools;
Ironmongery; Bottled gas; Safety equipment; Hand tools and much more.
They deliver, free of charge, within an approximate 15 mile radius.
The store has a large and varied customer base including buildings, local council, professional tradesman and also the general public.
They have high levels of repeat business brought about in part by the very knowledgeable and experienced staff, who has built up an excellent reputation over the years.
We are advised that stock at cost is approximately £100,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The large 2 story unit, which is kept in excellent order throughout, briefly consists of:
Ground Floor.
Glass fronted with side entry door into the main sales area with sales counter and office to rear.
Extensive racking and shelving, which suits a trade showroom.
Rear w/c and kitchen.
Large first floor storeroom with side office.
External.
Metal storage unit for bottled gas.
Additional side storage unit.
Parking in front of unit, off road.
Tenure: Leasehold.
Original lease: Ran out.
Remaining lease: Holding over since 2002.
Rent: £13,500 Per Annum.
We are advised that the annual business rates are currently: £4,500.
Market Competition and Expansion:
The business has a successful history of good sales and profits. There are however, a few areas where they feel turnover and profits could be increased by:
1. Advertising, as none is carried out presently.
2. Having a dedicated sales representative to visit the many local business who use their products but are not currently supplied.
3. Making their own web site interactive and being able to take orders on line.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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