DIY and Hardware Stores for sale in Watlington

View the "WELL ESTABLISHED AND PROFITABLE HARDWARE SHOP IN OXFORDSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £115,000
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Business Description
WELL ESTABLISHED AND PROFITABLE HARDWARE SHOP IN OXFORDSHIRE
Turnover £175,854,00 (£147,812,00 net of VAT)
Superb trading location in affluent market town
Exceptional reputation in local area and beyond
Massive scope to develop business further
Early viewing is strongly advised
Ideal husband & wife opportunity
Gross profit in excess of 44%
Monopoly trade within area
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market, this outstanding business which was first established in 1956. The business was a general store and greengrocers occupying a near derelict building when the present owners took it on in 1982. Since they took ownership of the business, our clients have restructured the building presenting an easy to run and maintain shop unit with an economical rates regime. This successful business which is run by our clients with the assistance of one or two staff has given them a good living and still does, educated their children and now due to their age affords them a well earned retirement. The business is now offered as an opportunity for new owners to do the same and build upon the success of this excellent business. Our clients advise us the current annual turnover is £175,854.00 (£147,812.00 net of VAT) which is derived from the supply of tools, ironmongery and houseware products, as well as offering a vast range of goods from all of the leading DIY brands. The business maintains an extraordinary high standard of customer service and is happy to get products in for customers even if they are not normally stocked and its good reputation has spread far and wide. Indeed our clients business enjoys notable custom and has maintained a strong reputation throughout our clients’ stewardship. Our clients have developed an ordering system which includes some stock control but have avoided bar coding. All information, contacts and supply lists will be passed on to the new owners and if required a short term consultancy is also available. Many opportunities still remain for this business and as such it offers tremendous scope to build upon this already profitable concern from opening more hours, Internet selling, joining new buying groups, a new and exciting new owners perspective etc. making a good business even better. Currently the business runs agencies for Calor Gas and Dry Cleaning it also hires out its own carpet cleaning machines. This is a truly exceptional business and as such we urge early interest and viewing.
Tenure: Leasehold

Location Details:

This superb and profitable hardware business is located in a double fronted shop in a 16th century listed building set in the heart of a picturesque small town at the foot of the escarpment of the Chiltern Hills. The business has a long and prosperous history of serving its customers for over thirty years. Its unique situation of being set in a country town and unopposed by any national or large superstores together with its local custom and good reputation from afar gives it a very sustainable future. This wonderful business occupies a prime, high street location in the town centre on a through road and is highly visible being amongst other complementary businesses. The town is a historic and affluent market town and is very desirable indeed due to its rural location with easy commutable access to the cities of Oxford (20 minutes) and London (45 minutes). The location of this attractive concern is idyllic, yet access to the M40 is available within 3 miles.

Leasehold Term:

Gross turnover: £175,854,00, Net of VAT: £147,812,00 Gross profit: 44% plus Stock approximately: £36,000 Freehold could be negotiated

Listed by: Meridian Business Sales Limited
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