• Hardware & Ironmongery retailer located in Hunstanton.
• Valuable inventory of quality fixtures & fittings
• Well-presented throughout
• Located in sought after retail precinct
• Healthy turnover and profits with scope to improve
• Excellent local reputation for first class service
• Lots of potential for online sales
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby
• Superb acquisition for expanding allied operator
• Genuine retirement sale
Falcon Commercial is delighted to offer for sale this long established and highly regarded independent Hardware Retailer offering an extensive selection of Ironmongery and DIY products. Hunstanton Hardware has been serving the local area for over 25 years and is now reluctantly being placed on the market as the owner wishes to retire.
During our client’s stewardship of 9 years the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.
This thriving opportunity also stocks an excellent choice of home decorating, plumbing and electrical supplies along with seasonal lines such as Gardening Tools & Fireside products. The In-house Key cutting service is extremely popular.
Hunstanton Hardware is the only retailer of this type in the area. It enjoys an all year-round trade with sales in the region of £165,000 with excellent gross profit margins. There is tremendous potential to increase the turnover and profits by possibly running a modest marketing campaign or by offering online sales as the business is currently without a major online presence, also by increasing the opening hours
This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended
The Premises
Substantial leasehold building, that enjoys a highly visible trading position in a popular Hunstanton Shopping Precinct which is a short distance from the sea front. The area benefits from excellent footfall as well as containing a good mix of independent and multiple businesses.
There is plenty of customer car parking.
The premises are fitted and well presented to create highly functional internal business accommodation.
The premises briefly comprise:
Ground Floor
• Retail area, containing a full range of modern, high quality fixed and freestanding purpose-built display racking, shelving and carousel units.
• Storeroom
• Kitchen
• Toilet
Business Details
Opening Hours
• 9.00am – 5.00pm Monday to Saturday (4.00pm in winter)
• 10.00am – 2.00pm Sunday’s (Summer months only)
Turnover
£165,000
Accounts
Accounts will be provided to genuine purchasers after a formal viewing
Business Rates
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Stock
The business stock value is: approximately £25,000
Staff
The business is run by the proprietors
EPC
Commercial Energy Performance rating: TBC
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
Tenure
• Leasehold.
• The business is offered for sale on a leasehold basis. We are advised that the vendor has a rolling rental agreement with the landlord who will grant a new lease to suitable applicants. The current rent payable is £5,500 per year.
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk
Planning
Potential tenants are advised to make their own enquiries to West Norfolk Borough Council
Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081
Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
Location Details:
The elegant Victorian seaside town of Hunstanton is renowned for its unique striped cliffs, long sandy beach and magnificent sunsets.
The seaside town began as a purposely built resort in 1846 and retains its Victorian charm and character to this day, remaining a popular holiday destination for visitors of all ages. From buzzing family activities such as Crazy Golf, Arcades, The Sea Life Sanctuary and the Oasis Leisure Centre to the tranquil Esplanade Gardens and music on the green, there is som
Leasehold Term:
The business is offered for sale on a leasehold basis. We are advised that the vendor has a rolling rental agreement with the landlord who will grant a new lease to suitable applicants. The current rent payable is £5,500 per year.
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