Long-Established Hardware Shop for Sale in Birmingham

Birmingham, West Midlands
REF: INT2651

Asking Price:
£40,000
Annual Turnover:
£48,684
Annual Net Profit:
£14,713
REF: INT2651
Photo of Long-Established Hardware Shop for Sale in Birmingham
Photo of Long-Established Hardware Shop for Sale in Birmingham
Photo of Long-Established Hardware Shop for Sale in Birmingham
Photo of Long-Established Hardware Shop for Sale in Birmingham

Overview

Tenure:
Leasehold
Established:
1992
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads
  • Well Equipped Business

This is a fantastic opportunity to purchase an ‘Alladin's Cave’ hardware shop that has been successfully run in a Birmingham suburb for more than 30 years.

The business retails a huge range of items such as DIY, electrical, lighting, tools, motor accessories and a key-cutting service.

They boast an excellent reputation and are very week-known in the area for their great service and fantastic value for money.
Customers tend to be long-term locals and regulars that have been visiting the shop for many years, with generations of customers coming in throughout the last 3 decades.

There is a substantial amount of stock valued at £45K (all included in the asking price) – assets include a key cutting machine. This is an ideal purchase for a knowledgeable owner-operator.

The business is located in Cotteridge, a thriving suburb on the south side of Birmingham, between Kings Norton and Bourneville.

This hardware shop is ideally located on a busy parade of small independent shops in the centre of Cotteridge. The premises is a ground floor shop, with a good sized retail area and a large stock room at the rear of the premises, where there is also a small kitchen and a bathroom.

The business presents a huge opportunity for growth - it has the ability to change stock and product offering which means it can cater to a large variety of customers.

Additionally, there is immense potential to explore the world of online sales, leveraging the power of e-commerce platforms to reach a wider audience and generate increased revenue.

The business also presents ample room for improvement in terms of its social media presence, offering a chance to connect with customers on popular platforms and build a strong online community. Introducing a dedicated website would further enhance the business's visibility and provide a convenient platform for customers to engage with its products and services.

Features

Reputation

  • Google: 5.0

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£8,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
2024
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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