Long-Established Hardware, Household & DIY Store Based in East Sussex

St. Leonards-on-sea, East Sussex
REF: INT3116

Asking Price:
£225,000
Annual Turnover:
£133,960
Annual Net Profit:
£22,744
REF: INT3116
Photo of Long-Established Hardware, Household & DIY Store Based in East Sussex
Photo of Long-Established Hardware, Household & DIY Store Based in East Sussex
Photo of Long-Established Hardware, Household & DIY Store Based in East Sussex
Photo of Long-Established Hardware, Household & DIY Store Based in East Sussex

Overview

Tenure:
Freehold
Established:
1960
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Well Equipped Business

Established as a family-run hardware and DIY store in St Leonards, East Sussex, this business has been a cornerstone of the community since the 1960s. The current vendors have owned and operated the store since 2002, continuing to grow the business and maintain its loyal clientele.

With a fantastic reputation built over decades of dedicated service, it has become known as the go-to destination for locals, holiday homeowners, builders, and maintenance professionals alike.

The expansive inventory caters to both everyday essentials and specialised items, ensuring that customers find exactly what they need under one roof. Whether it's hardware, DIY supplies, or other household necessities, the store is renowned for its extensive offerings.

The warmth and gratitude of the community are palpable on a daily basis, with customers often expressing sentiments like, "We don't know what we would do without you." It's this appreciation that has earned the business the affectionate title the "Really Useful Shop".

As the current owners embark on this retirement sale, it presents a unique opportunity for new owners to step into the shoes of stewardship and continue the legacy of this well-established and profitable business. With a strong foundation built on years of dedication and customer loyalty, there is excellent potential for growth and success.

A 3 storey end-of-terrace red brick building, with a pedestrian alley beside it. The ground floor, including the shop and freehold for sale, spans 1000 square feet. Situated on a bustling pedestrianised street with market stalls and pavement cafes, it's a beloved destination for locals.

The shop, resembling an 'Aladdin's cave', features a counter and till spanning 3–4 meters at the front, with three aisles upfront and two at the rear, brimming with hardware, DIY, and general products. Towards the rear, there's a toilet, kitchen, and storage area. The premises boast CCTV and an intruder alarm for security. Nearby street and paid public car parks provide ample parking options, with a railway station less than 150 meters away.

The space is highly functional, with most wall space occupied by racking. Included in the sale are all fixtures and fittings, along with an optional delivery van if needed.

Despite its longstanding success, the business holds ample potential for future growth and expansion. With no current marketing efforts in place, there is significant opportunity to leverage digital platforms and social media to reach new audiences and increase visibility.

Additionally, extending operating hours, exploring additional services such as key cutting and customer deliveries, and considering online selling could further enhance revenue streams and broaden the store's appeal. As a beloved fixture in the community, with deep ties to its customer base, the business is poised to thrive under new ownership, carrying forward its legacy as the "really useful shop" for generations to come.

Features

Reputation

  • Google: 5

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links
  • Limited Competition

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£150,000
EPC Rating
TBC

Financial & More

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Annual Net Profit
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Stock at Valuation
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Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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