General Stores for sale in Newton Aycliffe

View the "Well known DIY store" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 Advertising my business on Daltons was a great success. I found a buyer relatively quickly. 

Ahmed Zahir (August 2016)
View More
Leasehold Price: £60,000 Price Reduced Annual Turnover: £265,000
Request Details
Business Description
Well known DIY store - Newton Aycliffe
Huge stock and service ranges
Advised turnover £265,000pa
Established for 36 years
Genuine retirement sale
Superb trading location
Early viewing advised
Thriving business
Monopoly trade
Low Overheads

Business History

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.
Tenure: Leasehold

Accommodation Details:
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

Location Details:
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 Term:
Leasehold Original length: 10 years Rent: £7,500pa

Listed by: Meridian Business Sales Limited
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

Seller Reference:
Bookmark and Share
You May Also Like...