A rare opportunity to acquire a newly established DIY, Home, Hardware and Discount Store located in a busy parade opposite a local hospital in a prosperous and affluent area of South West London. The store benefits from strong local footfall, high visibility, and a loyal customer base, making it ideal for owner-operators or investors seeking a profitable discount retail business.
This is a well-run double-shutter DIY and discount retail store in a high-income South West London location with potential to increase sales every month further due to its extensive product range, marketing, and/or by sub-letting the basement space for additional income.
Business & Premises Details:
Lease: 14 years left (renewable)
Rent: £42,000 per annum
Rent Reviews: Every 5 years
Business Rates: Approximately £21,600 per annum (£1,800 per month)
Service Charge / Insurance: £1,200 per annum
Trading Information:
Opening Hours: 7:30 AM – 7:00 PM, 7 days a week
Weekly Sales: £5,500 – £6,000 (advised figures)
Gross Margin: Approximately 50% – 75%
Staffing:
Staff: 2 Full-Time Staff & 2 Part-Time Staff
Premises Size:
Ground Floor Shop Area: Approximately 3,300 sq ft
Basement: Approximately 1,200 sq ft
Stock:
Approximate Stock Value: £120,000 (Stock at Valuation)
Important Notes:
All sales figures are advised figures only.
All clients must carry out their own due diligence prior to purchase.
Viewing Requirements:
Serious enquiries only. Non-Disclosure Agreement (NDA) and proof of funds may be required prior to disclosure of further financial information.
