Hardware Store in Somerset For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, SOMERSET

Turnover £ 5,355
Price £35,000

Features

Old Established Hardware & Diy Store

6 DAYS OPENING
FREE STREET PARKING
DISPLAY FORECOURT
FIREWORK LICENCE

SINGLE FRONTED PREMISES in the region of 2,950 ft² with tiled floor, suspended ceiling with LED fluorescent lighting, sales counter, 2 EPOS till's, modern adjustable shelving, CCTV system (5 cameras, 1 monitor).

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

Stairs to first floor in the region of 550 ft² Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,355 p.w. with a Gross profit of 56% approx.

Staff

The business is at present operated by 2 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 5.30pm

Outside

Shared Yard

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 2018 with reviews every 5 years (next review 2028) at a current rent of £22,000 p.a.

Business Rates from April 2025 £5,913 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£95,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote