Well-Known Hardware Retailer

Buckinghamshire
REF: 02233

Asking Price:
£160,000
Annual Turnover:
£400,000
Annual Net Profit:
TBC
Recently Sold
REF: 02233

Overview

Tenure:
Leasehold
Established:
1899
  • The very definition of long-established
  • Wide variety of hardware and ironmongery products
  • Industrial and heating gas agencies
  • A-List account customers plus retail
  • Consistently high turnover
  • Preferred by customers over DIY superstores
  • Significant scope for future growth

Founded as a true Ironmongery over a century ago, this Business has been adept at adapting to changing market conditions, technology advances and other environmental factors, while adhering to proven principles of customer care throughout. Taking over roughly 6 years ago, the current owners have continued the tradition, while expanding into adjacent markets including Product Sourcing (for local government agencies and larger clients), and the addition of an Autogas filling station – the only one for 10 miles in any direction. These and other enhancements have resulted in a robust business with consistently high revenues and enviable margins, even throughout the last recession.

The time has now come to hand over the reins to other capable hands, and potential buyers have a rare opportunity to purchase an £80k a year (adjusted net profit) prize workhorse with a glaringly bright future.

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