Old Established Hardware Store in South London For Sale

Situated in a parade, excellent main road trading position, SW LONDON

Turnover £ 4,750
Price £75,000 / £500,000

Features

Freehold Hardware / Diy / Household Store

6 DAYS OPENING
FORECOURT FOR DISPLAYING GOODS

DOUBLE FRONTED PREMISES in the region of 1,000 ft² WITH SHUTTERS, lino floor, suspended ceiling with fluorescent lighting, sales counter, cash register, modern adjustable shelving, 3 x key cutting machines, CCTV system (6 cameras, 1 monitor).

Staff Toilet with w.c. and wash hand basin..

Kitchen.

Lower ground floor in the region of 450 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 - £5,000 p.w. with a Gross profit of 65% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

DHL & UPS PARCEL SERVICE £50 per week approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY 8.30am - 5.30pm

Accommodation

Included is the long leases on 2 flats, 1 has 150 years other is 70 years unexpired.

Outside

Parking space for 1 car via parking permit.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease in respect of the shop at a rental of £35,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Business Rates from April 2026 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1987, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Alternatively,

TO INCLUDE THE FREEHOLD, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) £ 350,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote