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Reference M4983

Hardware Store in West Midlands For Sale

Register to see map and to make an appointment End of parade, busy road, residential & commercial area not far from BIRMINGHAM

Turnover 4,000
Price 450,000

Features

Freehold Hardware, Domestic, Diy

SPACIOUS SALES SHOP occupying a corner position in the region of 1,200 sq. ft. sales area with carpet tiled floor, fluorescent lighting. The equipment includes shelving, display stands, counter, electronic cash register, 1 key cutting machine etc.

Kitchenette
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. gross profit 30%, in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st January, 2018 showed 190,228 with a gross profit of 63,378.

Staff

The business is at present operated by the vendor (working 4 days per week) with the assistance of 1 full time & 1 part time staff.
In our opinion with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 6 p.m.
Sunday opening - 9.30 a.m. - 4 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over each let on a shorthold tenancy & providing a rental income of 450 per month, however we understand that vacant possession can be given on completion if required. Each FLAT DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge with fitted kitchen

Outside

Small yard used for storage & a calor gas storage area

Tenure

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS INVITED FOR THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 450,000 or near offers plus STOCK AT VALUATION (75,000 approx. at cost)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 315,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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