Hardware Store in Central London For Sale

Situated in a parade, excellent main road trading position, residential, office & commercial area, CENTRAL LONDON.

Turnover £ 4,500
Price £75,000

Features

Well Established Hardware, Paints, Timber, Key Cutting

DOUBLE FRONTED PREMISES probably in the region of 600 sq. ft. area. Concrete floor. The equipment includes peg boarding, shelving, 2 paint machines, 2 key cutting machines, centre display gondola.

It will be appreciated upon inspection that the shop would probably benefit from being refitted.

Turnover

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering terrific potential for further increase in the right hands. Gross profit 40% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7.30 a.m. - 5.30 p.m.
Potential for Sunday opening.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in December, 2030 at a current rental of £16,000 p.a. with an increase in 2028 to £18,000 p.a. exclusive of rates. We understand the landlords, subject to satisfactory references, will consider granting a new longer lease at terms and rent to be agreed.

Uniform Business Rates 2026 / 2027: £4,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£18,000 approx).
LOAN POSSIBLE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote