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Reference M4785

Hardware Store in Surrey For Sale

Register to see map and to make an appointment Sought after position, serving large residential area SURREY

Turnover 12,000
Price 95,000

Features

Highly Profitable Diy, Garden Tools, Electrical Goods & Slight Ironmongers

The business has been in the same family for the past 54 years and is now solely offered for sale due to retirement.

Turnover currently 12,000 p.w. plus customers' accounts. SALES YEAR ENDING 31ST JANUARY, 2017 762,423 WITH A GROSS PROFIT OF 375,490

SPACIOUS SALES AREA in excess of 2,000 sq. ft. Peg boarding, shelving, display stands, paint mixing unit, 'L' shaped counter, electronic scales, electronic cash register.

Storage area
Office
Staff w.c. & wash hand basin

Turnover

AS STATED we understand the turnover is currently 12,000 p.w. plus customers' accounts. WE ARE FURTHER ADVISED THAT THE SALES YEAR ENDING 31ST JANUARY, 2017 SHOWED 762,423 WITH A GROSS PROFIT OF 375,490.

Staff

The business is at present operated by the owner (5 mornings per week) with the assistance of 4 full time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 5.30 p.m.
Sunday opening - 8 a.m. - 1 p.m.

Outside

Yard at rear of premises used for storage purposes

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of 32,500 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 5,960 p.a.

AS STATED THE BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE LAST 54 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 95,000 plus STOCK AT VALUATION (in the region of 150,000 at cost)
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

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