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Hardware Store With Accommodation For Sale

Leicester, Leicestershire, UK
Asking Price:
£62,995
Turnover:
£137,910
Net Profit:
Undisclosed

CoGoGo is thrilled to introduce Bibs Hardware, a highly rated hardware and DIY store in the charming village of Stoney Stanton, Leicestershire.

Established over half a century ago, Bibs Hardware has flourished under its current ownership for the past 18 years. This beloved business is a cornerstone of the community, renowned for its stellar reputation and loyal customer base.

Now on the market as its owners look towards retirement, this iconic shop has been a community favourite for decades. Bibs Hardware is celebrated for its exceptional customer service and extensive product range, which includes:
Household goods
Cleaning materials
Electrical items
Tools
Pet foods
Gardening products
Paints and varnishes etc
Plumbing
Motor accessories
DIY products
Lighting and bulbs etc
Ironmongery

Beyond its wide array of pproducts, Bibs Hardware also offers key cutting, watch battery fitting, scissor and shear sharpening, and cycle repairs.

With a multitude of regular customers, many of whom are on a first-name basis with the owner, Bibs Hardware thrives on word-of-mouth and referrals. The owner, a well-respected community member, has built a strong personal connections with customers.

Key selling points -

A well established business with an enviable reputation and many existing customers
Current owner happy to offer a handover to ensure the continued success
Includes owners accommodation or immediate rental income
Ideal owner managed or partnership business
All fixtures, fittings and equipment included making this a real Turnkey business opportunity for a lucky new owner.

Opportunities for growth are abundunt: launching an advertising and marketing campaign, leveraging social media, developing an e-commerce website, introducing a customer loyalty scheme, and extedning opening hours can all drive further success.

This is a rare opportunity to acquire a thriving, community-loved buisness with a rich history and significant growth opportunity.

Financial Profile

We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financial information can be made available upon request.

Property Information

Property:

Leasehold

Location:

Bibs Hardware is located on St Michaels Court in Stoney Stanton, Leicestershire.

The business boasts eye-catching signage and receives high levels of footfall.

Premises Details:

The business occupies a prime location, featuring a spacious and well-stocked and well-stocked retail shop on the ground floor, complete with a stockroom, WC, and kitchenette.

The first floor boasts a beautifully presents a two-bedroom flat, currently rented out for £575 per month. However, it has potential to achieve a higher rent of approximately £600 to £650 per month.

Additionally, the property includes an allocated parking space at the rear and offers 2.5 hours of free customer parking at the front.

Business Operation

Trading hours:

The current trading hours are -

Monday to Saturday - 8:30am - 4:30pm

Employees:
We are advised that the business is owner run and managed, with help of family and casuals as and when needed.