Home & Garden Services for sale in Brechin

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David Binder (Nov 2017)
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Leasehold Price: £950,000 Annual Turnover: £1
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Business Description
• Two long-established hardware stores with an excellent reputation
• 2017 turnover of £930k generating an adjusted EBITDA of £225k
• Strong organisational structure with the management team capable of running the business on a day-to-day basis
• Leasehold and freehold options with excellent potential for growth

The Hardware Stores
Ref:45462
Offers over £950,000 for the leaseholds
Offers over £1,300,000 for the freeholds
For more information please contact Robin Gower on 07968 780 045

The sale of The Hardware Stores represents the opportunity to acquire a successful and long-established retail business comprising of two hardware stores in Montrose and Brechin, Angus, Scotland.

The business supplies goods and services to trade and DIY customers, selling household, electrical, decorating, gardening products, tools, fixings, fuel, engraving and key cutting services.

The business has always maintained exceptionally high standards of service and is proud to provide its customers with an enjoyable experience each time they visit, supplying a wide range of products with friendly, knowledgeable staff who go the extra mile to help.

Formed in the late 1950s, the business has been under its current ownership since 2007. It has built up a loyal customer base and enjoys a superb reputation within the area with high levels of repeat business. The business is part of a large buying group, giving it all the benefits of a large multinational, and allowing it to offer a wide range of products at competitive prices to its customers.

The current owners are seeking to retire and the sale of The Hardware Stores presents a buyer with an outstanding opportunity to capitalise on the vendors’ hard work over the years and grow the business further.

This would be an ideal opportunity for a larger operator in the sector wishing to add two outstanding outlets to its organisation, or for an entrepreneur who is seeking to acquire a profitable business with an excellent reputation and the scope to expand.

Key features of the business:
• 2017 turnover of £930k generating an adjusted EBITDA of £225k
• Wide range of products and services offered
• Strong levels of repeat custom, with over 200 active account customers
• Strong organisational structure with the management team capable of running the business on a day-to-day basis
• Popular and well established within each store’s respective local areas
• Opportunities for growth and expansion of the business
Tenure: Leasehold

Listed by: Bruce & Co

Find out more about this business opportunity.

 
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BC45462
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