Reputable Tool Supplier in Lancashire

Burnley, Lancashire
REF: S07130

Asking Price:
£199,995
Annual Turnover:
£815,348
Annual Net Profit:
£44,271
REF: S07130

Overview

Tenure:
Leasehold
Established:
2006
  • Great reputation in the industry amongst tradesmen
  • Built up a reliable client base of returning customers
  • Friendly, professional service
  • In store and online merchant
  • Huge scope for growth

The business for sale is a well-established retail company specialising in a wide range of tools and hardware, located in-store in Lancashire, or online on a personal e-commerce platform.

Established in 2006, the builders’ merchant has successfully built up an enviable reputation over the last 13 years, priding themselves on the commitment in providing a professional and speedy service at all times, whilst maintaining the highest quality of tools and equipment.

With an excellent reputation in the industry, the business is now available for sale on a leasehold basis and is only available for sale due to the current owner’s partner’s impending retirement.

The business operates from within a former mill building, set on the ground floor only. The premises are comprised of a large open plan space, with a small office on the right, near the entrance. There are various displays of tools equipment and at the rear there is a storeroom as well as a staff toilet.

All equipment is contained within the sale, including shelving, seating, store cupboards and office furniture, however, the stock is available in addition to the asking price, at stock value.

The business has built up excellent relationships with suppliers, a loyal customer base and minimal overheads which has resulted in impressive financial figures for the business. It is a perfect acquisition for a current merchant or an existing company within a similar industry looking for a lucrative bolt-on.

There are ways to grow the business further and this could be initiated through extra marketing or proactively seeking more clients.

The current owner is also willing to provide a transitional period if needed.

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  • Free parking nearby
  • Close to town centre
  • Large, open plan premises
  • Strong economic links
Rent
£10,660
Rates
TBC
Lease Term
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Lease Expiry
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Square Footage
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Accommodation Included
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Premises Licence
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Property Value
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Planning
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EPC
C 51-75

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