DIY and Hardware Stores for sale in West Midlands

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Hardware Store in West Midlands

West Midlands, England

  • Freehold Price: £450,000
  • Weekly Turnover: £4,000
Seller Reference: NB-M4983
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Business Description
 
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Seller Reference: NB-M4983
Request Details
Business Description
SPACIOUS SALES SHOP occupying a corner position in the region of 1,200 sq. ft. sales area with carpet tiled floor, fluorescent lighting. The equipment includes shelving, display stands, counter, electronic cash register, 1 key cutting machine etc.

Kitchenette
Staff w.c.

End of parade, busy road, residential & commercial area not far from BIRMINGHAM

• ACCOMMODATION INCLUDED

The accommodation in the form of 2 SELF CONTAINED FLATS over each let on a shorthold tenancy & providing a rental income of £450 per month, however we understand that vacant possession can be given on completion if required. Each FLAT DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge with fitted kitchen

Turnover : £4,000 p.w. gross profit 30%, in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st January, 2018 showed £190,228 with a gross profit of £63,378.

OFFERS INVITED FOR THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £450,000 or near offers plus STOCK AT VALUATION (£75,000 approx. at cost)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Freehold : £450,000 (M4983)

www.NationwideBusinesses.co.uk

Trading hours:
Monday - Saturday inclusive - 9 a.m. - 6 p.m.
Sunday opening - 9.30 a.m. - 4 p.m.
Number of employees:
The business is at present operated by the vendor (working 4 days per week) with the assistance of 1 full time & 1 part time staff.
In our opinion with an active husband & wife team, the wage bill could be reduced.
Tenure:
Freehold
Is accommodation included?:
The accommodation in the form of 2 SELF CONTAINED FLATS over each let on a shorthold tenancy & providing a rental income of £450 per month, however we understand that vacant possession can be given on completion if required. Each FLAT DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge with fitted kitchenSmall yard used for storage & a calor gas storage area
Location Details:
End of parade, busy road, residential & commercial area not far from BIRMINGHAM
Listed by:
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