Asking price: £55,000

Sales revenue: £96,000

Net profit: £35,000

Fixtures value: £2,000

Stock value: £20,000

Business description
The Handyman, Queensbury, is an old estblished business with a faithful following. It sells a huge range of merchandise: plumbing, electrical, tools, household, garden, gadgets and gifts. Key cutting is another aspect of the business.

The premises come with planning permission for two residential units as well as the shop.

Years established: 30+

Trading hours: 9 - 5 Monday - Saturday

Lease terms
We own the freehold of this property. If you buy the business you have the choice of buying the freehold for £150,000 or leasing the premises for £10.800 pa (£900 per month). The roof has been completely renovated.

Living accomodation
The property comes with planning permission to make a one-bedroom flat above the shop, and also a one-up one-down cottage at the back of the shop. The flat above the shop is partly done; all new windows are in, it is fully insulated and plasterboarded, and first fix electrics and plumbing are in. If you lease the property, you could get a second bedroom by converting the upper part of the rear section of the property. You would have to carry out this work yourself. Buying the freehold, you could convert the rear section into a cottage worth around £75.000 to £80.000 to sell, greatly reducing your borrowing.

Location
The Handyman is part of a row of shops on the main road through Queensbury from Bradford to Halifax.

Expansion potential
Longer hours and Sunday opening would increase business. We are in the process of computerising the inventory; this will make the business more efficient and easier to run.

Competition / Market
No direct competition. B&Q, Wickes etc are at least three miles away. Many tradesmen deal with us rather than battling the traffic.

Support & training
Transition period. Training in key cutting etc.

Reasons for selling
Retirement.