Business for Sale in CREDITON, Devon HOMEWARE, HARDWARE, COOKWARE, ELECTRICAL, DIY, GARDEN & PET SUPPLIES

Key Information

Reference

HA35666N

Tenure

Freehold, Leasehold

Status

For Sale

Region

Devon

Sector

DIY and Hardware Stores

Annual Sales

£657,964.00 Exc. VAT

Accommodation

Yes

Business Information

Major landmark HARDWARE/HOMEWARE/DIY store, 100+ years established, occupying valuable trading position within this MID DEVON town, centrally positioned on CREDITON HIGH STREET, opposite Costa Coffee, close Tesco Express, with free restricted stay car parking immediately in front. Benefiting from huge eye catching frontage, the whole premises approaching 8,000 square feet plus 2 flats.

Huge property, vast lower ground floor storage area with rear covered delivery entrance, workshop/key cutting area, cloakroom. Main ground floor retail area, offering numerous sections, plus rear showroom, first floor office and cloakroom, second floor staff facilities and store. Useful enclosed rear yard/delivery area, complete with outbuildings offering additional storage, propane gas storage cage, and valuable car parking area. Additional 2 bedroom flat and 3 bedroom flat included in Freehold purchase option.

Renowned business, offering some 16,000 stock lines, member of the popular Home Hardware Group from which most of the stock is obtained. Sales 2023 £657,964 ex Vat, Gross Profit 40%, predominantly walk in trade from private individuals, only a small number of account customers, no real direct competition. Retirement sale after many years, scope website/online sales, and other lines such as workwear.

Freehold £520,000 sav OR Leasehold £45,000 sav Ref: HA/D35666N