Well Stocked Hardware Store with Outstanding Reputation
- Asking Price: £50,000 +SAV
Cotham hardware has an excellent turnover and high profit margins. The 2018 – 2019 turnover was £186,456 with a gross profit of £101,932.
The 2019 – 2020 projected turnover is looking to exceed the £250,000 mark, as the shop is now open on Mondays and as a result of being deemed an essential business during Lockdown, has remained fully operational (due to it’s size and layout) and has prospered.
- Tenure: Leasehold
Hilton Smythe welcomes to the market Cotham Hardware, an award winning and extremely highly rated hardware store located on Cotham Hill, Bristol. The business was originally established in 1915. Our clients took over 10 years ago, and though they have thoroughly enjoyed their time running the business, they are now looking to retire abroad.
The business is extremely well known and sees a high amount of repeat trade from the local community and beyond, with an enviable reputation for excellent personal service, and a wide diversity of products stocked both in and out of season. The business reported a turnover of £186,000 for the last financial year, despite being closed on Mondays and during the owner’s annual holidays.
The store is compact in size yet incredibly well stocked and organised, with a fantastic range of products including; hardware, homewares, gardening, decorating, pest control, electricals and much more. A real Aladdin’s cave, benefitting from a monopoly trading position with little competition in the area.
Cotham Hardware also operates a sophisticated EPOS system and bespoke software package especially designed for the retail hardware business.
Our clients have created social media accounts for the business and own the cothamhardware.com domain – which was intended for future expansion. The google review status is 5 star, with customers stating ‘Brilliant hardware store with friendly advice and service’ and ‘This is a fantastic shop, with lovely, friendly owners. I always find what I need here, and they always give me helpful advice.
Hugh Fearnley-Whittingstall, a regular customer, commented in The Sunday Telegraph “This is such a perfect platonic ideal of a friendly neighbourhood hardware shop that it almost seems like an art installation”.
Our clients are happy to offer a handover period to ensure the continued success of the business.
Reasons to buy
- Low rent and overheads
- Extremely well established
- Scope to increase turnover
- Located in a high footfall location
- Handover period offered
The business is currently run as a husband and wife team, therefore there are no staff members requiring employment.
The business trading hours are currently
Monday – Friday 09.00 – 17.30. Saturday 09.00 – 17.00.
The business is located on Cotham Hill, Cotham, Bristol
Cotham Hardware is prominently situated, with excellent eye catching signage, in an affluent and bustling part of the city.
The business benefits from parking immediately outside the premises, is within walking distance of Clifton Down train station, and is close to bus routes and taxi ranks on Whiteladies Road - which is one of the major routes into the town centre.
The business is very well presented and maintained throughout. There is a large awning to the front, with excellent signage above.
A well laid out store, with display shelving externally visible to the front. Through the entrance is the sales area, comprising of perimeter shelving and storage displays, slat wall panelling and display counter, EPOS till system, and card reader.
Behind the counter there is a second ‘back office’ till system, shelving for further stock items, and access to the large storage areas and the huge basement.
Fully fitted kitchen with storage cupboards, high perimeter shelving and an office area, a WC, and an outside area to the rear (where plants can be kept and watered).
There is on road parking immediately outside the premises. The inside of the store can also be viewed on google streetview.
We are advised Leasehold with annual rent of £13,000 per annum.
The business also benefits from being exempt from rates.