Shop for sale

High Street, Watlington, OX49

£115,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

WELL ESTABLISHED AND PROFITABLE HARDWARE SHOP IN OXFORDSHIRE
Turnover £175,854,00 (£147,812,00 net of VAT)
Superb trading location in affluent market town
Exceptional reputation in local area and beyond
Massive scope to develop business further
Early viewing is strongly advised
Ideal husband & wife opportunity
Gross profit in excess of 44%
Monopoly trade within area
LEASEHOLD


Location
This superb and profitable hardware business is located in a double fronted shop in a 16th century listed building set in the heart of a picturesque small town at the foot of the escarpment of the Chiltern Hills. The business has a long and prosperous history of serving its customers for over thirty years. Its unique situation of being set in a country town and unopposed by any national or large superstores together with its local custom and good reputation from afar gives it a very sustainable future. This wonderful business occupies a prime, high street location in the town centre on a through road and is highly visible being amongst other complementary businesses. The town is a historic and affluent market town and is very desirable indeed due to its rural location with easy commutable access to the cities of Oxford (20 minutes) and London (45 minutes). The location of this attractive concern is idyllic, yet access to the M40 is available within 3 miles.


Business History
Meridian Business Sales are delighted to offer to the market, this outstanding business which was first established in 1956. The business was a general store and greengrocers occupying a near derelict building when the present owners took it on in 1982. Since they took ownership of the business, our clients have restructured the building presenting an easy to run and maintain shop unit with an economical rates regime. This successful business which is run by our clients with the assistance of one or two staff has given them a good living and still does, educated their children and now due to their age affords them a well earned retirement. The business is now offered as an opportunity for new owners to do the same and build upon the success of this excellent business. Our clients advise us the current annual turnover is £175,854.00 (£147,812.00 net of VAT) which is derived from the supply of tools, ironmongery and houseware products, as well as offering a vast range of goods from all of the leading DIY brands. The business maintains an extraordinary high standard of customer service and is happy to get products in for customers even if they are not normally stocked and its good reputation has spread far and wide. Indeed our clients business enjoys notable custom and has maintained a strong reputation throughout our clients’ stewardship. Our clients have developed an ordering system which includes some stock control but have avoided bar coding. All information, contacts and supply lists will be passed on to the new owners and if required a short term consultancy is also available. Many opportunities still remain for this business and as such it offers tremendous scope to build upon this already profitable concern from opening more hours, Internet selling, joining new buying groups, a new and exciting new owners perspective etc. making a good business even better. Currently the business runs agencies for Calor Gas and Dry Cleaning it also hires out its own carpet cleaning machines. This is a truly exceptional business and as such we urge early interest and viewing.


Financial Profile
Gross turnover: £175,854,00, Net of VAT: £147,812,00
Gross profit: 44% plus
Stock approximately: £36,000


Tenure
Leasehold: New 10 year lease F.I & R
Lease at a rental of £17,000pa for the first 5 years to be reviewed thereafter
The vendors are prepared to offer a reduction of £1,000pa for the first 3 years as a contribution toward replacing the shop floor covering.
Uniform business rates: £4,500pa approximately
Freehold could be negotiated


Opening Hours
Monday: 9:00am – 5:30pm
Tuesday: 9:00am – 5:30pm
Wednesday: 9:00am – 1:00pm
Thursday: 9:00am – 5:30pm
Friday: 9:00am – 5:30pm
Saturday: 9:00am – 4:00pm
Sunday: Closed
Closed everyday for lunch between: 1:00pm – 2:00pm


Accommodation
Impressive double fronted, lock up shop unit in 16th century listed building approx 1,200sq.ft. well presented throughout, briefly comprising:

Shop Area
2 window display
Product displays
Free standing shelving
Fitted to suit trade
Wall hangings
Various shop fittings
All equipment
Pay counter
Staff cloakroom with WC

Shared lobby with:
Sink
Hot and cold water
Plug
Kettle

Outside Rear:
Small patio
1 car parking space



Nearest station

  • Saunderton (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest station

  • Saunderton (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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