For sale £18,500 - General Retail
City Business Brokers (retail) is delighted to welcome to the market this recently established but very popular hardware store, which is located within “glorious” Worcestershire. The business being offered to the market is due to our clients’ desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £30000 + per annum, with a good gross profit and plenty of potential
Our client offers a wide variety of goods including ironmongery, hardware, homewares and electrical products. The property itself boasts good floor space and is very well maintained and fitted out to suit the trade.
The shop has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a small marketing campaign to highlight the goods and services offered.
The business would also benefit from the launch of a website to advertise the business, which could incorporate online ordering facilities. Finally and most important the current owner offers NO repairs or DIY facilities which any new owner must surely embrace!!!
This is an excellent opportunity for a new owner or couple who are DIY biased to take this already busy business to the next level; therefore, early discussions with City Business Brokers must come highly recommended to avoid disappointment.
PREMISES Ground floor: The single entrance to the shop opens into a retail area with a wide ranging display of products spread across perimeter shelving and central displays. To the left and rear is a further large area containing an expansive display of garden supplies, housewares, electrical products, haberdashery and paints There are two additional small retail areas accessed to the rear , one of which also serves as storage.
To the rear of the shop premises there is a small area/storage /kitchen which leads onto a rear patio area overlooked by the Worcester/Staffs Canal
TENURE We are advised Leasehold . HOURS The business is open: Monday – Saturday: 8.00am – 5.00pm Sunday: Closed
STAFF The business is run by the owner
STOCK extra – circa £17000
FINANCIAL PROFILE The business generates a turnover in the region of £30-£40000 per annum, with a good gross profit
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information
Library picture used