Retail, Long Sutton, Lincolnshire

HARDWARE AND DIY in Lincolnshire for Sale.

Ernest Wilson are delighted to bring to market this impressive and long established hardware and DIY business which has been under the same ownership for over 20 years. Our clients are now seeking a well-earned retirement. The business trades in very easy hours over five and a half day week, closing no later than 2pm daily, offering tremendous scope for enthusiastic new owners to trade more regular daytime hours and develop online sales and delivery service to boost trade. Accounts to February 2024 show an adjusted net profit in excess of £51,000. Weekly turnover £5,900 to £6,000. The business trades from substantial premises which occupy a prime trading position in the heart of this bustling market town with easy roadside parking. Our clients own the property and will either sell outright or alternatively offer a new lease to the purchaser. Comprising substantial three storey premises with four large display windows. Ground floor cash out facility, various departmental display areas offering hardware, paint and decorating, homeware, gardening, tools and ironmongery, cycling amongst others. Goods lift to first floor. First floor is presently used primarily as storage but is ideal for development in to additional retail showroom space or could be sublet to generate additional income (subject to formal Landlord’s consent). Store room, staff area, kitchen and WC. Second floor storage space. Our client leases a 2023 Ford Ranger Wildtrak through the business which is available with the business sale. Early inspection is highly recommended here.
Stock £125,000. EPC Band B.