High Street Retail Property for sale

Bridgwater and West Somerset, TA24 5BY


£65,000
S.O.A.

Features

  • Desirable trading position on modern industrial estate
  • Excellent local reputation for first class service
  • Fantastic change of lifestyle opportunity
  • Good mix of complementary businesses nearby
  • Healthy turnover and profits with scope to improve
  • Located in sought after seaside town
  • New secure lease – details of which are to be agreed
  • Somerset Tool Hire and Building Supplies Business
  • Valuable inventory of quality fixtures & fittings
  • Well-presented throughout

Description

Tool Hire and Ironmongery supplies business which occupies a prime trading position on one of the main trading estates just off the town centre of this sought after Somerset seaside town. Minehead Hire has been serving the local area since the 1993 and is now reluctantly being placed on the market as the owner wishes to retire. During our client's stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.


This turnkey retail business supplies both the trade and general public. It stocks a comprehensive range of Hardware, Ironmongery and Building supplies as well as hiring out small plant and tools such as Ladders, Towers, Breakers, Mixers, Wallpaper Strippers, Carpet Cleaners and Gardening equipment.


Minehead Hire enjoys an all year-round trade with sales in the region of £163,000 with excellent gross profit margins. There is tremendous potential to increase the turnover and profits by possibly running a modest marketing campaign, extending the opening hours to include weekends and Bank Holidays or by offering online booking and sales.


The Premises


Substantial leasehold building, benefiting from being in a highly visible position on a modern industrial estate in Minehead which is in Somerset.


The premises are fitted and well presented to create highly functional internal business accommodation.


The premises briefly comprise:


 Ground Floor



  • Sales area one containing quality fixtures and fittings displaying a wide range of tools and ironmongery

  • Second sales area displaying further tools, building materials, DIY materials and gardening supplies

  • Workshop area

  • Kitchen area

  • Toilet


 First Floor



  • Store

  • Snooker Room

  • Toilet


External



  • Large secure yard


Business Details


 Opening Hours



  • 8.00am - 5.30pm Monday to Friday

  • Closed Weekends and Bank Holidays


 Business Rates


Business rates payable: TBC


Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk


Stock


The business stock value is:  approximately £52,000


Staff


The business is run by the proprietor with help from one member of staff who works on a casual basis as required


EPC


Commercial Energy Performance rating: TBC


 Tenure



  • Leasehold.

  • The business is offered for sale on a leasehold basis. A new lease will be offered to suitable applicants. The terms of which are to be negotiated and agreed


 Legal Costs


Each party to bear their own legal costs incurred in the transaction.


 Accounts


Accounts will be provided to genuine purchasers after a formal viewing


 Viewing


Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081



 Location


Minehead is one of West Somerset’s well known and best loved coastal resorts, nestling as it does between the slopes of Exmoor and the sea. The town offers a wide range of attractions, including the beach, promenade, harbour, beautiful gardens and colourful tree lined avenue with an array of shops and services. Dominated by the wooded slopes of North Hill, the whole area is renowned for its outstanding natural beauty and there are superb walks over open moor land, through woodland and along the coast

Categories

High Street Retail Property
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Property reference
CP4383481_70