Portswood Hardware, 197 Portswood Road, Southampton, Hampshire, SO17 2NF

Portswood Hardware is a traditional family owned hardware shop which has been run in the same location for over 40 years. The business maintains steady trade from a loyal customer following. The opening hours are short and could easily be extended along with increasing the product lines stocked. There is 5 years remaining of the renewable 10 year lease.

Portswood is a popular area close to the centre of Southampton. It is a largely residential area adjacent to the main campus of the University of Southampton, and as such more than a quarter of residents are students. The shop is located on Portswood road, a busy and thriving high street.

The shop is on the ground floor with the till on the right as you enter. There is outside covered storage at the rear of the shop.

The shop benefits from storage on the first and second floors. Please refer to the floorplan provided.

The majority of the fixtures and fittings are owned outright and are included in the sale.

No staff to transfer

Accounts Year End 30th April 2021
Total Sales £247,696
Gross Profit £118,317
Net Profit £54,936

Monday to Saturday 8.45am to 4.00pm
Sunday closed

Leasehold - There are 5 years remaining of the 10 year renewable lease.

The rateable value used to calculate business rates is £22,250 as of 1st April 2023. The owner is currently paying £2775.69 per year.