For Sale
Well established hardware and diy store for sale
Folkestone, Kent
- Asking Price: £74,995 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £157,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07357
Hilton Smythe are delighted to welcome to the market County Hardware, a highly rated hardware and DIY store in Cheriton, Folkestone.
County Hardware was first established by our client in 1997, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to focus on another business venture.
County Hardware traditional DIY shop providing everything from everyday essentials to speciality products for the home and garden. They supply a vast range of DIY goods in addition to the impressive overall stock within the business.
They specialise in Keys & Key Cutting, keeping 1000's of Key Blanks in stock and also stock a large selection of locks, padlocks and replacement cylinders.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position with lots of footfall
- 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
- Start an eBay shop to increase turnover
- Increase marketing/advertising
We are advised that the the business is run and managed by our clients, with the help of 2 part-time staff members.
The current trading hours are -
Monday to Saturday – 9:00am – 5:00pm
Sunday - Closed
County Hardware is located on Cheriton Rd, in Cheriton, Folkestone. It's situated along a business road of shops.
The business has eye catching signage and receives high levels of footfall and passing trade.
Ground floor -
- Service area with large counter, ample display shelving and racking.
- To the rear is the WC and storage area.
- To the rear of the premises is a secure yard.
Tenure
We are advised that the business is being sold on a leasehold basis. As our clients own the freehold, they have advised that a mutually accepted lease is to be negotiated with the new buyer. The rent will be £13,000 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.
