For Sale
Highly rated hardware store for sale in Newcastle
Newcastle upon Tyne, Tyne and Wear
- Asking Price: £29,995 +SAV
-
Turnover:
Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07322
Hilton Smythe are delighted to welcome to the market Evans DIY, a highly rated hardware and DIY store in Newcastle Upon Tyne.
Evans DIY was originally established in 2002, with our client taking over in 2018. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients desire to pursue other interests.
Evans DIY is an extremely well stocked shop selling a range of hardware products along with -
- DIY Products
- Gifts
- Helium Balloons
- Greeting cards and gift bags
- Toys
- Pet food and snacks
- Cleaning products
- Sand, cement and plaster
- Flowers and plants
- Garden products
- Buckets, mops and brooms
- Plant pots
- Step ladders
- Tools
- Paint & brushes
- Key cutting
- A well established business with an enviable reputation and many regular customers
- Prime trading position with lots of footfall and free parking
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- Perfect business for someone looking for their first foray into self employment
- Low running costs with inexpensive rent and no business rates
- Advertising and marketing campaign, a local leaflet drop usually yields good results
- Maximise the use of social media particularly Twitter and Instagram
- Website ideally with an e-commerce facility
- Start an eBay shop to increase turnover
- Introduce a customer loyalty card / scheme
We are advised that the business is run and managed by the owner, with the help of casual staff as and when needed.
The current trading hours are -
Monday to Friday – 9:00am – 4:00pm
Saturday – 9:00am – 3:00pm
Sunday – Closed
Evans DIY is located at the Kenton Retail centre on Halewood Avenue in Newcastle Upon Tyne.
The business has eye catching signage and receives high levels of footfall and passing trade
The business occupies a premises ideally suited to the trade with generous retail area, a useful storeroom, kitchenette and WC.
The business is nicely presented and maintained with clear visible signage
There is a wealth of free parking close by.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease, with 5 years remaining. The rent is £8,900 per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
