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9009HP L/H HARDWARE & BOTTLED GAS RETAILER £165,000

Asking Price: GBP 165000
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Business Location: United Kingdom » Buckinghamshire » BUCKINGHAMSHIRE 
Category: Retail » Home Furniture & Garden
Description:
Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established and profitable hardware and bottled gas retailer.

Established almost 100 years ago and in the proud ownership of our client for over 28 years, the business is only now being offered for sale as he plans to retire.

The business has a huge stock selection including:
• Power tools
• Ironmongery
• Bottled gas
• Safety equipment
• Hand tools and much more

They deliver, free of charge, within an approximate 15 mile radius.

The store has a large and varied customer base including buildings, local council, professional tradesman and also the general public.

They have high levels of repeat business brought about in part by the very knowledgeable and experienced staff, who has built up an excellent reputation over the years.

We are advised that stock at cost is approximately £100,000.
REF: 9009HP

STAFF DETAILS
The business employs 4 full time staff, as well as 2 part time, one who works 6 hours a week and the other 12 hours

TRADING HOURS
Mon-Fri: 8.00am – 5.00pm
Sat: 8.00am – 12.00pm
BUSINESS PREMISES
The large 2 storey unit, which is kept in excellent order throughout, briefly consists of:

Ground Floor
• Glass fronted with side entry door into the main sales area with sales counter and office to rear
• Extensive racking and shelving, which suits a trade showroom
• Rear w/c and kitchen
• Large first floor storeroom with side office

External
• Metal storage unit for bottled gas
• Additional side storage unit
• Parking in front of unit, off road


TENURE: Leasehold
Original lease: Ran out
Remaining lease: Holding over since 2002

Rent: £13,500 P.A.

We are advised that the annual business rates are currently: £4,500

A/T: £518,454
GP: £186,229
NP: £33,048
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 518454
Net Profit: (GBP)
Total profit before taxes		 33048
General Information:  
Business Area: The business is ideally located on a large and popular industrial estate within Aylesbury, Buckinghamshire.
Year Established: 1908
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 6
Reasons for selling:
 RETIREMENT
Market competition and expansion:
 EXPANSION POTENTIAL The business has a successful history of good sales and profits. There are however, a few areas where they feel turnover and profits could be increased by: 1. Advertising, as none is carried out presently 2. Having a dedicated sales representative to visit the many local business who use their products but are not currently supplied 3. Making their own web site interactive and being able to take orders on line
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