Well Established Hardware Store With Loyal Customer Base In Essex For Sale

Business description

Well Established Hardware Store With Loyal Customer Base - Essex
Early viewing essential to appreciate this business opportunity
Established since 1972 high levels of repeat business
Good annual turnover with massive scope for growth
Located in a busy parade in a suburb of Chelmsford
Ground floor retail unit with very favourable lease
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well established hardware store. The only reason this store is being offered to the market is due to our clients desire to take a well earned retirement.

Since the business was established in 1972, our clients have continually developed and improved the business by listening to their customers and introducing new lines and income streams which have enhanced the business massively and shows in the year on year turnover and profitability.

Our clients inform us that the annual turnover currently runs at £96,464 with a gross profit of £32,312. This is derived from the sale of a wide range of products such as tools, gardening products, pet food, cut flowers and bedding plants, general hardware, key cutting and household cleaning products to name a few.

The business enjoys a strong reputation within the local community and as such has a high level of repeat business from a very loyal customer base. This is a superb opportunity to purchase an established business which has a great base on which to build and as such we recommend early viewing.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 3 years
Remaining: 3 years
Review: 3 years
Rent: £8,000pa

Living accommodation:

Ground floor lock up retail unit on a busy parade briefly comprising of:- GROUND FLOOR Main entrance leads directly to the main retail area that is open plan. The store is equipped with a variety of display stands, centre gondola and shelving to all walls. The layout is of a traditional nature of a hardware store with all products in clearly defined areas. To the rear of the store is the sales desk with electronic till and key cutting machinery. The flooring consist of carpet tills and the lighting is fluorescent strip. Behind the sales desk is a back room which is currently used for storage and an office. This also has wall shelving and preparation tables plus extra key cutting facilities. The kitchen area has built in cupboards with a toilet and wash hand basin. The rear door leads to the back yard which has three storage lock up garages. EXTERNAL The store has a roll out canopy and sales area on the pavement. There are 20 plus free parking spots in front of the store with no time limits in place.

Location:

This well established hardware store is located on a main through road in a busy shopping parade in a popular affluent suburb of Chelmsford. Chelmsford is steeped in history and was one of the original settlements in the United Kingdom. The town has a population of roughly 120,000 and is still growing.

It is a modern, well placed town that has a large number of commuters who work in the City of London. The town is surrounded by many small villages that retain their original charm such as Writtle, Good Easter, Roxwell, Mashbury, Chignal Smealy, Broomfield, Great and Little Baddow, Great and Little Waltham, Pepper's Green and Pleshey. Chelmsford enjoys superb road links making the area very accessible.