DIY and Hardware Stores for sale in Skegness

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Well-established Hardware business with an excellent reputation

Skegness, Lincolnshire, England

  • Leasehold Price: £225,000
  • Turnover: £567,916
  • Gross Profit: £244,147
Seller Reference: B05909
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Business Description
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Seller Reference: B05909
Request Details
Business Description
Please quote reference B05909

*** Accommodation Included ***

Hilton Smythe are delighted to present to the market Drapers Hardware Shop.

The renowned independent business is now being made available for sale due to our client’s decision to retire.

This remarkable opportunity comes with 100 years trading history which is truly exceptional for this type of business.

Drapers is famous for its large choice of hardware which includes –

  • Hand tools, power tools and ladders

  • Garden tools, varied sizes of garden incinerators, plant pots & wheelbarrows

  • Internal and External paints, varnishes & spray paints

  • Glues, decorating pastes & accessories

  • Storage solutions, shelving units, sealed boxes and stackable units

  • Caravan/Camping equipment

  • Kitchen essentials, equipment, flasks, waste bins

  • Bathroom, plumbing & aerators, doormats

  • Fan heaters, safety equipment & trolleys

  • Carpentry, nuts, bolts, nails & screws

We are informed there are over 9,000 lines within the store.

Our clients attract a very loyal customer base which is made up of residents, local businesses and visitors to the area. There are approximately 34,000 caravans, in the East Lindsey area which is the highest concentration of caravans in Europe, in addition there are numerous camping sites. Drapers store is fortunate in that it is within easy shopping reach for all of the holiday makers in these areas which ensures a frequent change of customers throughout the holidayseason.This provides a significant boost and compliments the year round trade enjoyed by Drapers.

Our clients admit they run the business to suit their lifestyles and any new buyer would easily be able to add to the current turnover by adding an on-line ordering presence. A strong social media presence and interactive website can significantly increase sales. 

The shop is located in the main shopping street of Skegness alongside numerous national retailers. The town is a popular holiday destination and has recently attracted the attention of the large national hotel chains. Premier Inn being the first to build their new hotel, restaurant and bar in Skegness.

Skegness is a much-loved seaside Town in Lincolnshire, located on the Lincolnshire coast of the North Sea. The town is 43 miles east of Lincoln and 22 miles north-east of Boston.

Lumley Road  is the main thoroughfare from the train station, the bus station and the coach park which links the A52 to the seafront of Skegness.

There is car parking available to the rear of Drapers.

The shopfront has central double doors with display windows on either side.
The retail area covers approximately 500 m2.
There are two staircases from the shop floor leading up to the first floor.
At the top of the front staircase is a small lobby leading to accommodation on the right and office areas to the left.
The accommodation consists of a hallway with cloakroom and further rooms on this first floor are a lounge, a dining room, a walk through pantry and a kitchen with access to a roof garden. On the second floor are three large bedrooms one being en suite and a family bathroom. From the landing a door allows access to four more rooms and a staircase which leads back to the office areas.

A new lease will be offered – new terms to be agreed

Monday – Saturday – 9am to 5pm
Sunday – 10am to 4pm

The business is run and managed by our clients with the help of other members of staff

Financial Profile
As of the 2019 accounts, the business enjoyed an annual Turnover of £577,000, Gross profit of £244,000 and Adjusted net profit of around £90,000,

Please quote reference B05909

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