Hardware Store and Builders Merchants in North London For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, NORTH LONDON

Turnover £ 2,500
Price £175,000

Features

Diy Store & Builders Merchant (including Elctrical Goods, Paint, Plumbing and Roofing Materials) - For Sale Via Share Transfer

DOUBLE FRONTED PREMISES, TOTAL SITE IN THE REGION OF 2,000 ft², WITH ELECTRIC SHUTTERS, CCTV (8 cameras), Carpet tiled flooring, cladded ceiling with tube lighting.

Sales counter, electric cash register, adjustable shelving, display stands, etc.

Staff rest area / Kitchen - Cooker, microwave, toaster and hand wash basin.

Staff cloak room with toilet and wash hand basin.

Office / secure store.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the vendor occasionally with the assistance of 1 full time and 2 part time staff employed.

We are informed the wage bill averages £1,400 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 5.30 p.m.
SUNDAY 9 a.m. - 2 p.m.

Outside

Yard used for timber, bricks, aggregate, compost, etc,

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review September 2026) at a current rent of £24,000 p.a.

Business Rates from April 2025 £11,750 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

**PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS TO BE BY WAY OF SHARE TRANSFER**

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote