Business
Please quote reference B07468

CoGoGo are delighted to welcome to the market Bibs Hardware, a highly rated hardware and DIY store in the village of  Stoney Stanton, Leicestershire.

Bibs Hardware was originally established over 50 years ago and has been under our clients ownership for the last 18 years. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.

The business has now come to the open market due to our clients desire to retire. 

This iconic business has been a staple within the community for over 50 years known for its outstanding customer service and range of products which include;

• Household goods
• Cleaning materials
• Electrical items
• Tools
• Pet foods
• Gardening products
• Paints and varnishes etc
• Plumbing
• Motor accessories
• DIY products
• Lighting and bulbs etc
• Ironmongery

Additionally, the business also offers key cutting, fitting of watch batteries, sharpening of scissors & shears and cycle repairs.

The business has many regular customers, many of whom are known on a first name basis by the owner who is a popular and well respected member of the local community. The business receives most of it’s custom through word of mouth and referrals.

Key selling points –

• A well established business with an enviable reputation and many existing customers
• Current owner happy to offer a handover to ensure the continued success
• Includes owners accommodation or immediate rental income
• Ideal owner managed or partnership business
• All fixtures, fittings and equipment included making this a real Turnkey business opportunity for a lucky new owner.

Scope for further growth –

• Advertising and Marketing campaign, a local leaflet drop usually yields good results
• Maximise the use of social media
• Website, ideally with an e-commerce facility
• Introduce a customer loyalty card / scheme
• Extend the opening hours

Location
Bibs Hardware is located on St Michaels Court in Stoney Stanton, Leicestershire. 

The business has eye catching signage and receives high levels of footfall.

Premises
The business occupies premises ideally suited to the trade comprising a generous and well stocked retail shop on the ground floor with a stockroom, WC and kitchenette.

To the first floor is a nicely presented two bedroom flat which is currently rented out for £575 per month although it could quite easily command a rent of approximately £600 to £650 per month.

There is an allocated parking space to the rear and also 2 and a half hours free customer parking to the front of the premises.

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 12 year lease. The rent is £15,000 per annum. 

Hours
The current trading hours are –

Monday to Saturday – 8:30am – 4:30pm

Staff
We are advised that the business is owner run and managed, with help of family and casuals as and when needed. 

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financial information can be made available upon request.