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Retail Property (high street) for sale

High Street, BS49

Sold STC 225 sq. m. | £179,999

Property Description

Commercial information

  • Business for sale
  • 2,421 sq ft (225 sq m)

Key features

  • REF 12367H
  • LEASEHOLD BUSINESS
  • HARDWARE RETAIL

Full description

Tenure: Leasehold

LOCATION
The business is located in the affluent large village of Yatton, around 11 miles south-west of Bristol.

Loaders Quality Hardware is prominently situated in a semi-detached position in a small retail parade alongside a restaurant and post office and opposite a busy co-op supermarket. The business sits within a heavily populated residential area and benefits from high levels of footfall and passing trade.

The business also benefits from free parking immediately outside the premises.

Yatton lies between Weston-Super-Mare to the south and Bristol to the north and is easily accessible from the A370, M5 and A38. The village also has its own railway station and regular network of bus services running through the village and out to surrounding areas.

BUSINESS
Hilton Smythe welcomes to the market Loaders Quality Hardware. This family run concern was originally founded by our clients over 40 years ago and is reluctantly coming to the market due to our clients impending retirement.

The business is very well known in the area and sees a high amount of repeat trade from the local community. With an enviable reputation for the service, value for money and quality of products. The business reports a generous turnover of 310,000 for this financial year.

The store is generous in size and very well stocked with a diverse range of products, such as hardware, homeware, fireworks, key cutting service, paint mixing and pet supplies and much more. A real Aladdin's cave and benefitting from a monopoly trading position with little competition in the area. The business also benefits from a large forecourt area to the front with goods displayed attracting passing trade.

Loaders Quality Hardware also operates a sophisticated EPOS system and bespoke software package especially designed for the retail hardware business enabling the business to source products at the very best prices and to compete with the large DIY retailers. (there is an annual subscription service which is approximately 500 per annum ).

We believe there is a real opportunity for a new owner to increase turnover considerably, as the current owners have been running at a pace to suit. We are advised that over 500 new homes are being built locally which will further increase footfall considerably and this is only phase one of the development. We are also reliably informed that the business could introduce gardening products as no one sells this popular retail line locally and the current vendors believe an additional 30k a year could easily be achieved.

Early viewing of this long established and reputable business in this desirable location is highly recommended.

PREMISES
The business is immaculately presented and maintained with visible signage. There is a large canopy to the front enabling products to be displayed outside the store and there is a generous forecourt area to the front.

A generous sized store being a former co-op supermarket, electric door to front. Large windows creating a light airy interior, suspended ceiling with ultra-efficient LED lighting, 8 camera CCTV system, security mirrors and alarm and perimeter shelving. Generous central shelving gondolas having space with storage above, glass fronted display cabinet and large window display area for seasonal goods.

Bespoke timber counter with EPOS till system.

Room at the rear of the store housing key cutting machines and wall mounted keys. Dulux paint mixing machine with computer station and filing cabinet.

Rear stock room
With perimeter shelving, double stainless steel sink and drainer with water heater above and useful storage beneath. Office area with perimeter shelving. Staff room with a range of base and wall units, a run of beech effect worktops with stools beneath, tiled splashback, wall mounted microwave.

Door to side driveway enabling stock to be delivered to stock room rather than through the shop.

First Floor
A generous sized additional warehouse with roof lights, perimeter shelving and useful floor storage space.

There is also a sign written Vauxhall Movano van used for deliveries.

On road parking immediately outside the premises. The inside of the store can be viewed on google streetview.

TENURE
Our clients own the freehold.
The business is being offered on a leasehold arrangement with terms and conditions to be negotiated.

HOURS
The business opens:-

Monday to Saturday 8.30am - 5.30pm

STAFF
The business is owner run and managed with the assistance of 2 part time members of staff.

FINANCIAL PROFILE
The business reports a generous turnover of 310,000 for this financial year.


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