- Listing ID: 904079
- (Seller ref: M2927)
Profitable Hardware Domestic DIY For Sale
- Location:
-
- UK
- > North London
- Category:
- Type:
Listed by:
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Summary
- Asking price:
- £89,000
- Turnover:
- £208,000
- Net profit:
- Available on request
- Employees:
- The business is at present operated by the vendor with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with an active husband wife team, the wage bill could be reduced.
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Business description
Front area for display purposes
SPACIOUS DOUBLE FRONTED SALES SHOP occupying a corner position approx. 1,100 sq. ft. sales area. Fully equipped including counter, electronic cash register, display stands, shelving, paint mixing machine, 2 key cutting machines etc.
Staff cloakroom with w.c. and wash hand basin
Stairs to mezzanine floor providing office/storage area
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £19,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter after the following 5 years.
Uniform Business Rates: £6,500 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED HARDWARE/IRONMONGERS PLUS DIY SHOP IN THIS SOUGHT AFTER TRADING POSITION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
- Location:
- Situated in a parade, excellent trading position, sought after locality, LONDON, NW
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION (£80,000 approx. could be reduced) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- Monday - Friday inclusive - 8 a.m. - 6 p.m.
Saturday opening - 9 a.m. - 5 p.m.
NO SUNDAY TRADING
- Financing available:
- SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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