Hardware Store in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 8,000
Price £170,000

Features

Hardware / Diy Store (including Elctrical Goods, Paint, Plumbing and Roofing Materials)

CUSTOMER PARKING TO FRONT.

FORECOURT AREA.

6 DAYS OPENING

DOUBLE FRONTED UNIT ( PREMISES in the region of 1,450 ft² ), Tiled flooring, CCTV (3 cameras), cash register, display stands, adjustable shelving, key cutting machine, etc.

Store room.

Staff cloakroom with toilet and wash hand basin.

Kitchen / staff room with cupboard, cooker, fridge and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. - £10,000 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the Staff with 2 full time and 1 part time staff employed.

We are informed the wage bill averages £1,750p.w. approx.

Trading Hours

6 Day week
MONDAY - SATURDAY 7 a.m. - 5 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in May 2025 with reviews every 3 years (next review May 2028) at a current rent of £40,000 p.a.

Business Rates from April 2025 £2,700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION (£80,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 85,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote