Business for sale

Business description

BUSINESS DESCRIPTION

An excellent retail hardware shop serving a large residential estate in a large Suffolk town. The business is extremely well established and sells everything you would expect in a hardware store from household goods to tools and electrical products. The business has excellent trading margins of nearly 60% resultant from keen buying which is determined by a computer stock control system. The business also benefits from an upstairs flat which is currently sublet and reduces the net rent payable.


GENERAL INFORMATION

Years established: 30
Employees: 2
Trading hours: Monday to Saturday
Property: Leasehold

Lease terms
The shop is leasehold with a renewable lease, current rent is £10,250

Living accomodation
The shop has a 3 bedroom flat above currently let on shorthold tenancy agreement.

Location
The shop is well positioned in busy parade of shops surrounded by a large housing estate

Expansion potential
Opportunity to further increase the product lines sold within the shops

Reasons for selling
Retirement Sale

Financing available
Finance is available to suitable applicants

Advert ref: 1987DC