Business for Sale in Spilsby, England Freehold Hardware Store with Strong Customer Base, Spilsby, Lincolnshire

Key Information

Reference

HA35692G

Tenure

Freehold

Status

For Sale

Region

England

Sector

DIY and Hardware Stores

Annual Sales

£446,936.00 Exc. VAT

Rent Payable

N/A

Business Rates

Small business rate relief applied, resulting in NIL payable

Accommodation

No

Business Information

Discover an exceptional opportunity in the heart of Spilsby, Lincolnshire. On offer is a long-established and profitable hardware store rooted in the community since 1937. This business is a testament to enduring quality and customer loyalty, boasting a solid reputation for its extensive range of DIY consumables, power tools, agricultural supplies, and much more. With a prime location that benefits from convenient on-street parking and additional nearby car parks, it offers an ideal setting for continued commercial success.

The store operates from a significant freehold property, presenting an excellent opportunity for expansion or diversification. The premises include spacious retail areas across the ground and first floors, alongside ample storage space across multiple levels. The business has embraced a tradition of exceptional customer service, leading to a loyal customer base and outstanding retention. Yet, it also harbours untapped potential in e-commerce and unused space that could further increase its retail footprint or serve as a base for a tradesperson.

Financially, the business is a beacon of profitability, with a NET turnover of £446,936 and an adjusted net profit of £92,831 for the last financial year. It benefits from comprehensive financial records, demonstrating consistent profitability over the years. This turnkey operation is ready for a new owner to step in and drive it forward, benefiting from full support and training during the transition period to ensure a smooth handover.

• Turnkey hardware store in Spilsby
• High net profit: £92,831 annually
• Freehold with expansion potential
• Established in 1937 with loyal clientele
• E-commerce growth opportunity
• £446,936 NET turnover
• Prime location with parking
• Support/training provided for a smooth transition

Offers around £245,000 +Stock at Valuation | Business Ref: HA35692G

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