Profitable Old Established Hardware Business For Sale

Business description

Large customer's car park in front of parade (Pay & Display with the first 30 minutes free)

SPACIOUS SALES SHOP 800 sq. ft. approx. with tiled floor. Counter, electronic cash register, display gondolas, shelving, peg boarding.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the entire premises are held on a secure renewable lease having 15 years unexpired from September, 2009 at a rental of £18,400 p.a. exclusive of rates up to September, 2014, with rent review at that time and thereafter after the following 5 years.

Uniform Business Rates: £5,200 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED HARDWARE, DOMESTIC/DIY BUSINESS IN THIS LARGE RESIDENTIAL AREA. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation in the form of a SELF CONTAINED MAISONETTE over, with ELECTRIC HEATING, is at present let on a shorthold tenancy and provides a rental income of £800 per month, however, we understand that vacant possession can be given o

Location:

Situated excellent trading position, shopping centre, BERKSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion having tremendous potential for further increase in the right hands. Gross profit 45% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (can be reduced to approx. £50,000). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday & Tuesday - 9 a.m. - 4.45 p.m.
Half day Wednesday opening 9 a.m. - 1 p.m.
Thursday, Friday & Saturday - 9 a.m. - 4.45 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection there is potential for additional opening hours

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.