Household Retail/DIY Supplier For Sale

Business description

Household Retail/DIY Supplier, Coffee Shop,Off Licence & 5 Flats
This independent business was established in 2001. Over the last six years, the owners have created a unique supplier of all household goods from furniture through to dishwasher tablets! There is a large DIY section with a huge selection of paints and decorating materials.

Once shoppers have browsed a large selection of household goods, they can enjoy refreshments from the in house coffee shop.

Included in the sale of household goods and coffee shop, is an off licence and five flats above the shopping outlet. The flats have recently been refurbished and consist of 3 x 1 bedroom flats, 1 x 2 bedroom flat and one studio flat. In total the five flats generate a rental income of £77,000 per annum in addition to the revenue generated from the sale of household goods, coffee shop and off licence.

Fair prices, excellent location and a reputation for quality products and service have given this business year round potential.

There is ample free parking for customers and the convenience of being open throughout the year, seven days a week.


Customer Service:

The business prides itself on its reputation, unlike many competitors the business will not compromise on service to customers, or the quality of products it offers, there is little doubt that this has encouraged and sustained customer loyalty.

Key Strengths:

If as many suggest, the key to success in retail is Location, Location, Location then this outlet cannot fail. The Company stock an all-inclusive product range that comprises many major brand names. This stock is kept in a well-organised stock room; the Company operate a policy to keep products fully stocked in order to sell from store.

This approach to business has proved successful - not just for the business but also for customers who regularly visit. This business has achieved a recognised highly regarded name through its high quality merchandise and friendly image, making this store stand out.

A unique product range is a must to set the style of any well-established and traditional retail store. A wide-ranging array of beautiful goods, some seasonally selected, are available all year round and all under one roof. Customers are always offered honest, helpful and friendly service generating a high percentage of repeat business.

Property information

Location:

The business is located in a prominent position in South London. It has good street access, parking and is only 10 minutes from central London.

The premises are leasehold with thirteen years remaining from a fifteen-year lease. Annual rent is £60,000 inclusive of the five flats. Rates are additional at £17,000.

Three sub let areas apply for the Off Licence, Coffee shop and flats.

The outlet itself consists of 4,300 square feet was previously a Sainsbury’s store, and also consists of a 10,000 square foot basement store area.

Other information

Expansion potential:

This is a unique opportunity to purchase an established large shopping outlet with facilities all under one roof. With home improvements and DIY proving ever more fashionable, repeat custom and word of mouth recommendation is certain combined with competitively priced brand names and materials.

Competition / Market:

There is no official advertising. The business prides itself on the amount of repeat business generated by satisfied customers and word of mouth recommendation.

Support & training:

The current vendor is happy to provide full business familiarisation, training and handover.

Reasons for selling:

This is a genuine retirement sale