Property Information
Address:
Colchester, Essex
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH509455
Property Ref/Agent: 3090-two-diyhardware-shops-in-essex-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well-established and popular hardware/DIY retail business and Post Office, ideally located within Earls Colne and Coggeshall, Essex.
The business was established by our client in April 2009 and the business has grown from strength to strength year on year. Only now is the business being offered to the market due to our clients' desire to concentrate on other business interests. The hardware store operates 7 days per week and generates a turnover in the region of 290,500 per annum, with a gross profit of approximately 46%.
Our clients offer a wide variety of goods including hardware and fasteners, ironmongery, household goods, garden and outdoor, electrical, plumbing, decorating and DIY and tools, both manual and electrical. The Post Office offers two service positions and is very busy and has earned 30,000 commission within the first year of being open. The premises are very spacious with approximately 230 square metres of floor space and is fitted out to suit the trade. The name 'Fork Andles' is trademarked and offers endless scope for further marketing.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. Customers who visit the shop ask if they can have a photo taken in front of the shop due to its name.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the goods and services offered. A new owner could also introduce a DIY delivery service within the area, which we are informed is always being asked for. The business already has an excellent and informative website in place at .
This is an excellent opportunity for a new owner to take this already thriving and busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 3 years
Review every: 5 years
Rent: 16,800 per annumHOURSThe business is open:
Monday - Friday: 8.00am - 6.30pm
Saturday: 8.30am - 6.30pm
Sunday: 10.00am - 4.00pmSTAFFThe business is owner run and managed with:
Earls Colne: 3 x staff members.
Coggeshall: 3 x staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 290,500 per annum, with a gross profit of approximately 46%.
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