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Advert Details
Hardware DIY Business Excellent Harrow Town Centre Position For Sale
(Ref: DY2575L)
Harrow, Middlesex, United Kingdom
Financials
Asking price: £65,947
Sales revenue: £156,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: £30,000
Business description
Leasehold hardware/DIY/key cutting – near Harrow, Middx.
LOCATION: In an excellent town centre position close to multiples, station, etc.
DESCRIPTION: Mid-parade premises has approx 19’-0” wide gross frontage and there is a display of goods on a 5’-9” deep private forecourt outside. Internally, the 1,550 sq ft ground floor shop comprises a spacious, well fitted 1,380 sq ft front sales section, with mid-position kitchenette and toilet, plus an office and Calor gas store at the rear.
EQUIPMENT: The premises is fully fitted and equipped for present use including mortice, cylinder, laser and TB key cutting machines, etc.
BUSINESS: This spacious, well fitted shop has no competition nearby and is taking £3,000 per week with a gross profit margin of 50%. Lots of scope to increase takings by staying open longer hours.
HOURS: Mon-Sat 8.30 am to 6.00 pm.
ACCOMM: There is no residential accommodation.
TENURE: The premises is available with a brand new 25 years lease, rent £18,000 per annum and reviews every 5 years .
RATES: Business rates payable are approx £4,400 per annum.
PRICE: £65,950 + SAV Leasehold
STOCK: (Stock is approx £30,000 but this can be reduced to suit purchaser’s requirement).
Years established: 1986
Employees: 2 family members + 2 part time staff
Trading hours: Mon-Sat 8.30 am to 6.00 pm.
Property: Leasehold
Lease terms
TENURE: The premises is available with a brand new 25 years lease, rent £18,000 per annum with reviews every 5 years.
Location
In an excellent town centre position close to multiples, station, etc.
Competition / Market
Has no competition nearby
Support & training
Full handover support and training included in asking price.
Reasons for selling
Retirement
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