Retail premises for sale in Spilsby, Lincolnshire PE23
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Property description
Discover an exceptional opportunity in the heart of Spilsby, Lincolnshire. On offer is a long-established and profitable hardware store rooted in the community since 1937. This business is a testament to enduring quality and customer loyalty, boasting a solid reputation for its extensive range of diy consumables, power tools, agricultural supplies, and much more. With a prime location that benefits from convenient on-street parking and additional nearby car parks, it offers an ideal setting for continued commercial success.
The store operates from a significant freehold property, presenting an excellent opportunity for expansion or diversification. The premises include spacious retail areas across the ground and first floors, alongside ample storage space across multiple levels. The business has embraced a tradition of exceptional customer service, leading to a loyal customer base and outstanding retention. Yet, it also harbours untapped potential in e-commerce and unused space that could further increase its retail footprint or serve as a base for a tradesperson.
Financially, the business is a beacon of profitability, with a net turnover of £446,936 and an adjusted net profit of £92,831 for the last financial year. It benefits from comprehensive financial records, demonstrating consistent profitability over the years. This turnkey operation is ready for a new owner to step in and drive it forward, benefiting from full support and training during the transition period to ensure a smooth handover.
- Turnkey hardware store in Spilsby
- High net profit: £92,831 annually
- Freehold with expansion potential
- Established in 1937 with loyal clientele
- E-commerce growth opportunity
- £446,936 net turnover
- Prime location with parking
- Support/training provided for a smooth transition
Offers around £245,000 +Stock at Valuation | Business Ref: HA35692G
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For more information about this property, please contact
Everett Masson & Furby, NN17 on +44 1858 513875 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Everett Masson & Furby, and do not constitute property particulars. Please contact Everett Masson & Furby for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.