General Hardware And Homeware Store In West Midlands For Sale

Business description

HISTORY

• The business was founded by the present vendor over 21 years ago


REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to retire


PRODUCTS

• The premises is an Aladdin’s cave of products with a huge selection which includes:
• Large selection of garden products
• Large selection of storage containers
• Large selection of garden planters
• Specialise in batteries and bulbs
• Large selection of shopping trolleys luggage and bags
• Stationary
• Large selection of DIY and decorating products
• Good selection of electrical products – from wall switches to fires and fans
• Pocket money toys
• House hold cleaning products
• Selection of confectionary
• And much more


CUSTOMERS

• The customers are drawn almost exclusively from the densely populated local area and from the high volumes of passing traffic
• Benefits from numerous local infant and primary schools

STRENGTHS

• An extremely well established business which has been trading for over 21 years
• Excellent high visibility location on the cross roads of a very busy main arterial road
• Huge stock of products on display
• Outstanding net annual sales of circa £552,000 which is being achieved consistently and is currently producing reconstituted net profits in the region of £85,000 per annum




DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Leasehold

Location:

• The business occupies a high visibility location on a small parade in a densely populated residential area of Birmingham

Premises details:

• Terraced ground floor lock up premises which very briefly comprise:
• Two sizeable shops knocked into one very large shop with additional stand alone end terraced unit, all 3 units have a very wide pavement frontage allowing for a considerable outside display facility
• Centre display gondola’s in each unit
• All walls full shelved and stocked
• Rear storage areas
• Third small unit with side wall display and shelving
• Two ground floor and 2 first floor small storage units to the rear of the premises

Business Operation

Expansion potential:

• This is clearly already a very successful business, it does however, still offer tremendous potential to increase both sales and profits in the near future by:
1. Increasing the outside display area
2. Rent additional local storage so more stock can be held
3. Offer more garden products at the appropriate time of year such as garden plants, hanging baskets and bedding
4. There is the possibility at some time in the future of buying the freehold of the property

Trading hours:

• Mon - Sat 8.00am to 5.30pm
• Sunday: 9.00am to 4pm

Employees:

8

Years established:

21