Hardware Shop In Popular Berkshire Village For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established and profitable hardware business.

Founded approximately 44 years ago and in the ownership of our client for 36 years, the business is only now being reluctantly offered for sale as he wishes to retire.

The shop is a veritable ‘Aladdin’s Cave’ of products which include:
• Kitchen ware
• General hardware
• Electrical items
• Habersdashery
• Garden products
• Paints
• Plants – when in season
• Bulbs
• Small bird food
• Compost
• Peat, weed killers and insecticides
• Tools and much more

They also carry out knife and shear sharpening and key cutting.

The business has two employees, one works approximately 32 hours per week and the other 8 hours a week.

Our client works part time. It achieves good annual sales of approximately £90,000, a gross profit of circa 50% and reconstituted net profits of approximately £25,000.

We are advised that stock at cost is approximately £20,000.
REF: 9037RG

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold

We are advised that the annual business rates are currently: £1,000

Living accommodation:

The retail sales space is well laid out over a split level floor with all the appropriate racking and shelving and display units for all the relevant products that are being sold. The premises briefly comprise of the following: Ground Floor • Canopy over the front of the premises • Side entry into the lower level of the shop with pin racking for wall hung products • Up 3 stairs to the serving counter • Through to rear kitchen, stores and w/c • Side exit to store room • Up stairs to two first floor fully shelved store rooms

Location:

Our client has an excellent high visibility location on the end of a parade of shops on a roundabout in a very affluent and popular village in Berkshire. Other shops on the parade include Waitrose, an opticians, a florist, a hairdresser, a book shop, banks, Tesco Express and Marks and Spencer.

There is free of charge parking for 2 hours at Waitrose as well as in some of the local streets. The parade draws the public from the many wealthy villages, which surround the area.

The town is accessed by the M4 motorway at either junction 11 or 12.

Other information

Expansion potential:

Our client treats this as a lifestyle business and is content with its level of profitability. However, there is huge potential to increase sales and profits by:
1. Expanding the product range to include bottled gas, dry cleaning, timber and a greater range of pet foods
2. Large savings on staff costs should our client/purchaser decide to work full time in the shop
3. Develop the first floor storage area as an additional retail sales area
4. Advertise – none is carried out presently

Trading hours:

Mon-Fri: 9am – 5.30pm, Sat: 9am – 5pm

Financing available:

Please let us know if you require finance for the purchase of a business,

Related documents:

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