Key Features:
- Hardware store trading since 1937
- Freehold site with room to expand
- Strong repeat local customer base
- Clear online growth potential
- High Street location with parking
- Full handover and support offered
If you're after a solid, proven business with proper staying power, this long-established hardware store in the centre of Spilsby is well worth a look. Trading since 1937, it's been the go-to place for locals needing DIY consumables, power tools, agricultural supplies, paint, cookware, and everything in between. A real pillar of the town.
The financials speak for themselves. For the year ending 31 January 2025, the store took £430,232, delivered a £161,636 gross profit, and returned £82,594 adjusted net profit for a full-time owner-operator. It's steady, consistent, and built on thousands of repeat customers who know exactly what they get when they walk through the door.
The freehold property is a standout. There's substantial retail space across the ground and first floor, backed up by roughly 3,000 sq. ft. of storage across upper floors and the basement. Plenty of scope to expand retail, introduce new lines, or repurpose upper floors subject to planning. On-street parking and nearby car parks make it easy for customers.
Staffing is straightforward, with a full-time owner, accounts support, and a mix of full and part-time employees keeping the operation tight. Trading hours suit the area, and the store's reputation for helpful service and local delivery continues to draw customers back.
There's also clear upside for someone looking to push it further - particularly online, as e-commerce hasn't been developed. Combined with the unused space in the building, there's a genuine growth path for a new owner.
Key points:
Long-established hardware store, trading since 1937NET turnover £430,232 (YE Jan 2025)Gross profit £161,636Adjusted net profit £82,594 for a full-time owner-operatorSignificant freehold premises with large retail and storage areasScope to expand retail space or repurpose upper floorsLoyal customer base and strong repeat tradeClear opportunity to add e-commercePrime High Street location with easy parking
Offers around £200,000 +Stock at Valuation | Business Ref: HA------G
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