Established DIY, Hardware & Household business for Sale in Sutton Coldfield
£70,000
£165,930
£6,238
Overview
Leasehold
1974
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
- Well Equipped Business
Established in 1974, Handy Tools is extremely well regarded in the area of Sutton Coldfield, with lots of long-term loyal customers.
The businesses' locality, value for money and superb service have given them a stellar reputation and garnered them over 50, 4* and above ratings on Google.
There is a high level of autonomy as experienced and knowledgeable staff can run the business without the vendor being present.
Initially, revenue was mostly from tool hire, but as the years have gone by, retail sales now take prominence, with 70% approx. of turnover being sales of tools, equipment, and DIY items. Customers are largely all domestic clients.
There remains a very comprehensive list of tools for hire:
Non-gardening tools- Mixers, Sanders, Grinders, Saws, Hammers, Breakers, SDS Drills, Lighting, Welding, Heaters, Dryers, Water Pumps, Generators, Concrete Equipment, Decorating and Carpet Equipment, Ladders, Trestle, Towers, Building and General Trade Tools, etc.
Gardening tools - Lawnmowers, chainsaws, blowers, hedge trimmers, generators, pressure washers, shredders, trimmers, water pumps, etc.
Located on the north side of Sutton Coldfield (population 110,000), Handy Tools is well-established within this large and relatively affluent town. The business is located on the busy A5127 Lichfield Road.
This is a three-storey building on the corner of Cremorne Road, although the business occupies only the ground floor, and is not responsible for the residential flats on the upper storeys.
There are 8 dedicated parking spaces, although plenty of opportunity for street parking nearby. The glass-fronted shop has an impressive display of tools and DIY items for sale. Through the front doors, the counter is on the right, and there are two aisles with extremely well-stocked displays of tools and equipment. There is a separate tool hire counter, and behind this is the office, together with toilet and kitchen facilities. This deceptively large premises also has a workshop for machine repairs and a good-sized store room.
The business has switched more to tool sales rather than tool hire, so the new owner could expand the range of tools for sale, and the list of manufacturers. Equally, there is plenty of potential to increase business both online and in store by providing more tool hire services.
Marketing has largely been through referrals and reputation along with some digital marketing through a website. There is great potential to grow the business by enhancing its digital marketing sphere, particularly with social media and an updated website.
The vendor also feels that an "under new management" sign outside and on the website would attract new and returning customers.
Features
Reputation
- Google: 4.2
Online Presence
Location
- High Street Location
- High Footfall
- On-Site Car Parking
- Limited Competition