Long-standing Hardware Store in Leicestershire

Hinckley, Leicester
REF: S05821

Asking Price:
£125,000
Annual Turnover:
£256,155
Annual Net Profit:
£8,923
Featured
REF: S05821

Overview

Tenure:
Leasehold
Established:
1985
  • Well-established business
  • Excellent supplier relations
  • Large and loyal customer base
  • Strong online presence
  • Unrivalled reputation

The business for sale is a reputable hardware shop situated in Leicestershire.

Since 1985, the business has been trading as a well-established retailer of fixings and accessories, supplying the necessary equipment to fulfil all customers’ hardware needs. A huge range of products are on offer including abrasives, blades, drill bits, power tools, fixings, hand tools and more. Leading brands such as JCP, Bosch and Addax are on offer, reassuring customers of durable fixtures which have been made to last.

Skilled and knowledgeable staff are on hand upon entering the shop, advising customers on products required to complete their specific task. The business prides itself on a high level of customer service, making each client feel valued and in turn encouraging repeat trade.

Its large customer base comprises approximately 250 active accounts, many of whom are local tradesmen and DIY enthusiasts. Its excellent relationships with suppliers ensure the store stocks the best quality equipment from known brands, boosting sales.

Now only available to purchase due to the owner’s other business interests, this venture offers an ideal platform from which a new owner can exponentially enhance profit.

Operations run from a well-stocked double-fronted terraced property. Entering onto a large open plan shop floor, the customer notices a counter at the front of this area, used for customer transactions. A trade counter to the rear is also used by local tradesmen. Beyond the shop floor, there is a large storage room which houses stock. A sizeable office and a staff room, staff toilets and a kitchen are all situated on the first floor. Externally, customer and staff parking is available at the front of the premises. All fixtures and fittings are included in the sale of this business.

The business also trades through its website which exudes the appearance of a corporate chain and gives any potential customer a great impression. This platform showcases all stock and provides a secure ordering system, offering free mainland delivery to UK destinations for all orders over £20.

Well-suited to a tradesman or supplier looking to enter the retail sector and reap the financial rewards of the lucrative trade and DIY market, a new owner has various features at their disposal for which expansion of the business is easily facilitated.

Increasing advertising initiatives via multiple social media platforms and SEO would heighten the business’s exposure and help to attract more customers. Extending the company’s product range would also assist in boosting sales turnover.

An invaluable asset to any new owner, this business possesses vast scalability which could be employed by a driven and committed buyer.

Loading...
  • Brilliant location
  • Close to town centre
  • High footfall
  • Good motorway links
  • Minimal competition
Rent
£11,274
Rates
£600
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
D 76-100

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

Refine

Miles
£
£
£
£
Timed popup