DIY and Hardware Stores for sale in Fareham

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Ian McGregor (Nov 2013)
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Asking price: £49,999 Price Reduced Turnover: £81,473 Gross Profit: £32,197
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Neilson Distribution.  The business was originally founded by our client over 15 years ago and has seen year on year growth to the successful business it is today.

Revenue is derived from the retail of workshop consumables, electrical terminals, chemicals, tools and power tools, nuts and bolts and other general hardware.  Our client has an enviable reputation with an established client base seeing a high amount of repeat trade.  The customer base includes engineering companies, garages, hospitals, county councils and local dairies.

The business reports a healthy turnover in the region of £81,500 with a gross profit at 40% for this financial year.  Our client is an agent for Vanline and Toolbank.

The sale includes a fully equipped sign written Peugeot Boxer 2.2di van (56 reg) from which our client holds stock and makes deliveries within the Hampshire area and Isle of Wight.  The business is currently being run at a pace to suit our client due to his impending retirement.  We believe a new owner might wish to expand the business by extending the geographical area the business serves.

We also believe a new owner would benefit from a modest marketing campaign to new local businesses and the introduction of a website with an e-commerce function could prove very lucrative.

This unique concept would be ideal for a person with sales or basic DIY knowledge to take their first foray into self-employment, with our client happy to offer a handover period to ensure the continued success of the business.  

LOCATION
The business is currently being run from our client’s home in Hampshire and is being sold as a relocatable business.

PREMISES
There are no premises included in the sale.  However, a garage or spare room to hold stock could be advantageous

TENURE
There are no premises included in the sale.  However, a garage or spare room to hold stock could be advantageous

HOURS
The business currently operates Monday to Friday 9.00am – 5.00pm

STAFF
The business is solely run by our client.

FINANCIAL PROFILE
The business reports a healthy turnover in the region of £81,500 with a gross profit at 40% for this financial year.


Listed by: Hilton Smythe
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