Huge stock and service ranges
Advised turnover £265,000pa
Established for 36 years
Genuine retirement sale
Superb trading location
Early viewing advised
Meridian Business Sales are delighted to offer to the market this exceptional and long retail business which prides itself on being an Aladdin's Cave for services and stock items relating to home improvements catering for everyone from first time DIY'ers to experienced builders. The business was established some 36 years ago and has been under our clients careful stewardship for the past 17 years. Our clients is now offering the business for sale due to his pending, well earned retirement. We are advised the business has an annual turnover of £265,000 with a gross profit margin of 45-50% derived from the sale of DIY products and materials such as tools, timber, decorating supplies, plumbing supplies, electrical supplies, key cutting and seasonal products to name but a few. Our client trades with the ethos 'If it's not here, you probably don't need it!' and the current stock levels of circa £130,000 show the diversity and sheer number of the product ranges stocked. The business enjoys a tremendous local reputation for customer service and variety of stock and has over 30 account with local businesses which is testament to its solid reputation. In addition, our client estimates that 60-70% of trade is from regular/repeat customers. The business is a credit to its current owner and offers tremendous scope and opportunity to a new owner and as such early viewing is highly recommended.
Our client describes the premises as a Tardis. The premises provide ample retail/storage areas in addition to workshop space. Detached, single storey commercial unit with 6 parking spaces Well signed and highly visible Fitted throughout with shelving and display racking to suit trade Multiple, secure out-buildings for products and storage Secure open shed (Propane store) 5 x secure sheds for timber and building products storage CCTV Key cutting area Till / serving counter Wood cutting equipment Further storage and shelving Yard area
The business enjoys a prominent and highly visible position on a main road in the town centre of Newton Ayecliffe and is surrounded by a complementary selection of shops and business as well as residential properties. Having a private car park for approximately 6 vehicles as well as the convenience of a nearby communal car park and free roadside parking, this busy shop is always easily accessible to customers. Newton Ayecliffe is a popular town in County Durham accessed via the A167 Durham to Newcastle Road. It is within easy distance of the main A1(M) North to South road and the A689 which gives access to Bishop Auckland in the west and Hartlepool and Teesside in the east. There is also a train station within 2 miles.
Leasehold Original length: 10 years Rent: £7,500pa
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