Hardware Store in Central London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Central London

Turnover £ 11,500
Price £95,000

Features

Well Fitted Hardware Shop

SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED Panel lighting, sales counter, EPOS till, modern adjustable shelving, CCTV system (10 cameras, 1 monitor).

Stock room.

Kitchen.

Basement, additional sales area

Office.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,500 p.w. with a Gross profit of 50% approx.

Staff

The business is at present operated by the 1 of the partners with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY 8am - 6pm
SATURDAY 9am - 5pm
SUNDAY 10am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £90,000 p.a. + VAT

Business Rates from April 2025 £17,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£130,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote