Property Information
Address:
Bristol, Bristol
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH513702
Property Ref/Agent: 12367-quality-hardware-store-established-for-over-40-years
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Loaders Quality Hardware.
This family run concern was originally founded by our clients over 40 years ago and is reluctantly coming to the market due to our clients impending retirement.
The business is very well known in the area and sees a high amount of repeat trade from the local community.
With an enviable reputation for the service, value for money and quality of products.
The business reports a generous turnover of 310,000 for this financial year.
The store is generous in size and very well stocked with a diverse range of products, such as hardware, homeware, fireworks, key cutting service, paint mixing and pet supplies and much more.
A real Aladdin's cave and benefitting from a monopoly trading position with little competition in the area.
The business also benefits from a large forecourt area to the front with goods displayed attracting passing trade.
Loaders Quality Hardware also operates a sophisticated EPOS system and bespoke software package especially designed for the retail hardware business enabling the business to source products at the very best prices and to compete with the large DIY retailers. (there is an annual subscription service which is approximately 500 per annum ).
We believe there is a real opportunity for a new owner to increase turnover considerably, as the current owners have been running at a pace to suit.
We are advised that over 500 new homes are being built locally which will further increase footfall considerably and this is only phase one of the development.
We are also reliably informed that the business could introduce gardening products as no one sells this popular retail line locally and the current vendors believe an additional 30k a year could easily be achieved.
Early viewing of this long established and reputable business in this desirable location is highly recommended.TENUREOur clients own the freehold.
The business is being offered on a leasehold arrangement with terms and conditions to be negotiated.HOURSThe business opens:-
Monday to Saturday 8.30am - 5.30pmSTAFFThe business is owner run and managed with the assistance of 2 part time members of staff.FINANCIAL PROFILEThe business reports a generous turnover of 310,000 for this financial year.
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