Long Established General Hardware Store In Dartford Kent For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business since 1952.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £79,000 with a gross profit of £38,710 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides general hardware sales.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Long Established General Hardware Store which has been established since 1952. The business has been in the hands of the current owner since 1980 and they now wish to sell due to retirement.

Services
This very good business opportunity provides general hardware store, key cutting, pet products and many other products.

Staffing
The concern employs 2 part-time members of staff.

Owners Role
The owner is involved in the day to day running of the business.



Marketing
The business has a website.
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of local trade and local building trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include early morning to attract the building trade.
• Increasing the product line to include power tools.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

PROPERTY DETAILS
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled with 4 aisles, shelving and racking to the walls. There is a small rear yard that is also used by the other shops with rear access for moving goods in and out.

To the rear are 2 store rooms. There is a toilet and staff facilities.

EXTERNAL
To the rear is a small joint yard.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £9,000.

FINANCIAL DETAILS
The present annual turnover is £79,000 with a gross profit of 49%. The present value of the stock is £32,000.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 25 years with 6 years remaining. The rent is £7,500 pa. The lease may be renewable or negotiable for longer term if required. The rates are £1,500.

Leasehold rent:

£7,500 pa per annum

Location:

- Situated in the Dartford area of Kent in South East England.
- Part of a parade of shops with some 20 unit’s.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many local shops and cafes.
- Well linked with the M2 and M25 to central London.
- Dartford Crossing, Ebbsfleet and the Railway Station all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled with 4 aisles, shelving and racking to the walls. There is a small rear yard that is also used by the other shops with rear access for moving goods in and out.

To the rear are 2 store rooms. There is a toilet and staff facilities.

EXTERNAL
To the rear is a small joint yard.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include early morning to attract the building trade.
• Increasing the product line to include power tools.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce

Competition / Market:

There is no local competition.

Reasons for selling:

Owners wish to sell due to retirement.

Trading hours:

Monday to Friday
Saturday
Sunday

Employees:

The concern employs 2 part-time members of staff.

Years established:

Established since 1952

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£9,000 (included in the asking price)

Inventory / Stock value:

£32,000