* Included in Asking Price
Retailer of Hardware, Electrical & DIY Equipment
Location Near Basingstoke
Asking Price £ 68,000
Turnover circa £118,000
Gross Profit circa £48,000
Adj. Net Profit circa £21,000
Excellently located in very busy location
Close proximity to high pedestrian traffic
No local competition
Large amount of repeat customers
Trade and retail customers
Trusted and respected name
Highly profitable turnkey operation
Fully fitted retail premises with excellent range
Superb supplier relationships
All fixtures and fittings
Training and handover
The business retails a vast range of hardware, tools, DIY and gardening products, electrical accessories and small appliances etc. This is a long established family business operating for the past 20 years, providing an excellent service to the local community and was purchased by the current owners in 2004. Current turnover for this business is £118,000, gently traded and generating a gross profit of £48,000, with considerable scope for the buyer to increase these figures.
The product range offered is very extensive and well developed to meet the requirements of its customers, ranging from hardware supplies, tools, accessories, small electrical appliances and accessories and ironmongery. They stock an extensive range of products from all the leading manufacturers, giving the ability to supply the DIY enthusiast with homecare products to tackle any job, as well as providing quality tools and products for local tradesmen. The business provides its customers with an excellent range which ensures a high number of repeat and regular customers for the business. The business benefits from an outstanding reputation locally and is the only one of its kind locally and has a superb trading location.
This is a well known local business with little local competition, enjoying support from both domestic and trade accounts. This is an excellent opportunity to purchase a thriving business in an outstanding trading location with great scope for improvement and as such early viewing is strongly recommended as this business is not to be missed.
|Facilities:||The business runs from two retail units situated in an established town centre high street mall, close to all amenities. The premises are leased until 2012 and a new lease would be negotiated on terms agreeable to both parties. Rent is currently £12,000 per annum and rates are circa £3,160 per annum|
|Competition:||The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more assertively. Most of the business's turnover is generated through the current existing satisfied client base, some local advertising and word of mouth recommendation
The business could also benefit from a fully functional website and from the development of interest sales and on-line ordering.|
|Growth Potential:||This business celebrates good cash flow and tight control over its costs, a good starting point for an expansion-minded buyer.|
|Training/Support:||Full support and any necessary training will be provided during handover as part of a successful sale package|
|Sale Reason:||due to our clients desire to concentrate on his other business interests.|
Seller Reference #AI031
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