Business for sale

Business description

Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and popular hardware and car parts business.

The shop, which has been trading for over 35 years, has been in the proud possession of our vendor for 29 years and is now being reluctantly offered for sale to allow him time to follow an alternative new business venture.

The shop has an extremely wide selection of goods which achieve annual sales of approximately £400,000, with a gross margin averaging 50%. Prices are comparable with any of the major high street chain stores.

Although the business focus is predominantly hardware such as hammers, locks, saws, screwdrivers, nails etc, it also has an excellent range of DIY car parts such as batteries, bulbs, wiper blades etc.
In addition, it also supplies garden equipment, compost, wooden logs, kindling, gas bottles and fireworks.

The business will also cut any domestic key from either of its two machines and will arrange for a lawn mower to be repaired and serviced.

General Information

Employees:The business employs one full time member of staff and one part time who works approximately 10 hours per week as well as the full time vendor.
Trading hours:Mon – Sat: 8.30am – 6pm,Sun: 9am – 3pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 6 years Remaining lease: 5 years Review every: 3 years Rent: £23,000 per annum We are advised that the annual business rates are currently: £6,000
Living accomodation:The premises briefly consist of: - Outside display of garden implements by side entry door into the main sales area. - Pin racking is fitted to the external walls with goods hung on display. - Central gantry with stock on all sides. - Second display area with side till, to the rear of this is the key cutting machine and key display - Further stocked racking - Side exit door to rear shed and storage of bulky items - Down to large cellar used for storage - Further sales area through from till, leading to rear offices, stores and kitchen and single w/c.
Location:The business is ideally located in an unopposed position on the main through road of an extremely affluent area of Berkshire.

The parade includes a restaurant, barbershop, public house, bridal wear, wine shop and a security company, who all contribute in attracting customers to the area.

There is ample on street parking immediately outside the shop and in the surrounding area.
The town is a very popular tourist destination with many properties dating back hundreds of years.
Access is via the M4 and it has two railway stations which arrive at London Paddington.

Expansion potential:The business currently achieves an excellent annual turnover of approximately £400,000. However, there are areas where additional income can be achieved by:- - Offering dry cleaning - Shoe repairs - More advertising as they currently only have Yellow Pages - Installing Payzone and Paypoint - Having a website - Having a computerised till to assist in stock evaluations and reordering to be carried out properly.
Financing available:Please let us know if you require finance for the purchase of a business.