Established Ironmongery And Hardware Store In West Midlands For Sale

Business description

We are is pleased to offer for sale this well-established hardware business, which has been in our client's careful hands since 1998 and is only now being placed on the market due to our client's wish to retire. The business generates a turnover in the region of £300,000 per annum with a gross profit of 33%. Our client currently trades 6-days per week and provides services to the local areas retailing many product lines including general hardware products, DIY tools and accessories and kitchen utensils. The business is well-equipped to suit the trade and boasts a 2-bedroom flat above the premises. Our client has worked in this trade for 49 years and has developed an excellent reputation and loyal customer base and enjoys much repeat trade. There is currently a website in place, which provides information on facilities, location and contact details. We feel that turnover could be increased by extending the opening times and by expanding the business website, by offering internet sales. This is an ideal opportunity to acquire a very profitable business, which is well-equipped and a 'walk-in-and-trade' condition. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 20 years
Remaining lease length: 7 years
Rent review: every 5 years
Rent: £40,000 per annum

Leasehold rent:

£40,000 per annum

Location:

HL Owen (Solihull) Ltd occupies mid-parade ground floor retail unit and is located in the town centre of Solihull, in the West Midlands. The business is situated off the busy main road, the B4025, and is set within a densely populated area. The store benefits from a high footfall and much passing trade, ample car parking, which is directly outside the premises, and is surrounded by complementary shops and business in the vicinity. There are regular buses running through the area and the railway station is within easy walking distance. Solihull is located 8 miles south of Birmingham and is a very prosperous area with many school and colleges. The business boasts easy access to the local A-road network and the M5, M40 and M6 motorways are all within easy reach.

Premises details:

Well-established business, situated in a town centre location and with 2-bed accommodation. Briefly comprising.

Ground Floor
• Main shop area with tiled floor, shelving to perimeter walls to suit trade
• Large counter area with electronic cash register and glass display cabinets
• Garden tool display, 3 x protruding aisles, tools and hardware display to the rear walls
• 2 x storage rooms with key cutting machine, kitchenette and WC

First Floor
• 2 x bed self-contained flat with lounge, kitchen, bathroom with shower, WC and wash basin

External
• Ample on-street parking

Energy Performance Rating:

E

Business Operation

Trading hours:

Mon: - Sat: 9.00am - 5.30pm
Sun: Closed

Other information

Energy Performance Certificate:

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