DIY and Hardware Stores for sale

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Hardware Business and Investment Property West Lancashire Business For Sale.

  • Freehold Price: £350,000
  • Leasehold Price: £50,000
  • Annual Turnover: £350,000
Seller Reference: Aspire 2022
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Business Description
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Seller Reference: Aspire 2022
Request Details
Business Description
Hardware business for sale at £50,000 plus stock.

For sale either Leasehold or including Freehold property and flats for £350,000.

Or Investment Property only – offers over £300,000

• Confidential Sale.
• Hardware business established since 1940’s.
• Substantial property with ground floor retail / commercial premises, 3 flats, yard, and garages.
• Leasehold and Freehold options available.
• Business turnover of £350,000.
• Retirement sale.
• Impressive premises on main shopping street.
• Prominent corner site.
• Leasehold option – annual rent of £27,000pa, new lease to be assigned.
• Business specialises in hardware, DIY products, key cutting, chainsaws, garden items.
• As an investment property – rental income from flats of £13,000pa and retail unit £20,000pa.

Aspire ( Business and Company Sales Specialists ) are delighted to offer for sale this highly desirable freehold hardware business within impressive premises, located on a prime main High Street trading location West Lancashire. The business occupies two-storey lock up premises with a wide, attractive frontage, prominent signage and ample free car parking facilities in the vicinity. To the rear is a spacious yard, detached garages and three flats which are sub-let on short term tenancies. The premises are surrounded by a variety of other shops and quality independent businesses creating a high daily footfall and much passing trade. The surrounding area is an extremely popular place to live - generating an extensive customer base with a number of quality schools close by , yet within comfortable commuting distance of all the major North West conurbations.

The business has been established since the 1940’s and has built up an enviable reputation throughout West Lancashire and beyond. The business is only being placed on the market now due to retirement. It specialises in the retail of hardware, DIY products, garden implements / machinery, chainsaws and key cutting. Currently the business is run at a reduced pace to suit our client and generates an annual turnover of £350,000 per year. There remains infinite scope to develop this further though developing the on-line presence of the business and the option of a service department. When the business was operated at full pace it achieved an annual turnover in excess of £1,000,000.

The hardware business occupies substantial freehold premises which include the spacious retail unit and workshop areas from which the business trades as well as three flats, a yard and detached garages. The business and property are offered for sale at a total asking price of offers over £350,000. Alternatively, there are separate leasehold and freehold options available should a purchaser wish to acquire the business only, allowing the freehold property to be sold with a new lease and tenant as an investment property.

This is a unique opportunity to purchase such a well established and highly regarded freehold business in such a prime trading location within West Lancashire. Aspire can also assist in the sourcing of finance for any potential purchaser.

Being strictly a confidential sale – early discussions with Aspire, in confidence must come highly recommended.

Aspire Reference 2022.
Telephone 01257 440544.

West Lancashire business for sale.
Commercial property in Lancashire for sale.
Leasehold, Freehold
Listed by:
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