Opportunity

This is a rare opportunity to acquire a long-established business in the heart of a community. Brown’s Home Hardware was established in 1913 and has served the residents of Pershore and surrounding areas for over 110 years. The current owners have been in the business for 40 years and are now ready to retire and hand over the reins to the next generation.
Brown’s is much loved and regularly used by the population of South Worcestershire, and currently stocks around 10,000 lines with thousands more available to order.
Having won several awards over the years, the current owner moved to the South Coast in 2019 and entrusted the business to management.
Whilst capable, without the focus of being run by someone invested in the business the sales have dipped, but with the right direction from the new owners, the potential to regain sales volume is significant and this is an opportunity for someone to pick up a great deal requiring a small degree of extra drive to realise a significant return on investment.

Trading Information

Year to September 2022 the adjusted net profit was £23,000. In 2018, ahead of the owners move away from daily running of the business the adjusted net profit was shown as £40,000.

Staff

The store is run by a manager full time, with one other full time member of staff and 3 part timers including a member of Saturday staff.

Opening hours

9am-5pm Monday to Saturday
Closed Sunday

Tenure

The business operates on a leasehold basis with an annual rent of £15,000 per annum
The lease is holding over and a new lease on similar terms will be made available to the new owner as part of the legal process.

Rateable Value
The rateable value with effect from 1st April 2023 is £17,500 per annum.
Rare opportunity to acquire Browns Home Hardware, a long-established business in Pershore. With 10,000 stocked items and potential for increased sales, this beloved store offers a significant return on investment. Located on High Street with free parking, it’s an ideal leasehold Worcestershire business.