Freehold Hardware Store in West Midlands For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, WEST MIDLANDS

Turnover £ 5,500
Price £550,000

Features

Freehold Diy Shop

SPACIOUS FREEHOLD UNIT WITH 2 FLATS

DOUBLE FRONTED CORNER PREMISES in the region of 1,885 ft² WITH ELECTRIC SHUTTERS, carpeted (heavy duty) floor, suspended ceiling with LTD lighting, sales counter, cash register, modern adjustable shelving, key cutting machine, scales , CCTV system (16 cameras, 1 monitor).

Staff Toilet with w.c. and wash hand basin.

Kitchen.

Basement in the region of 215 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the Vendor & Son team with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 6pm
SUNDAY 9.30am - 4pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £500 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

ADDITIONAL SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £500 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Enclosed yard.

Tenure

FREEHOLD.

Business Rates from April 2024 £2,090 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1995, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £550,000 plus STOCK AT VALUATION (£150,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 385,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote