Ref 6274 – Leasehold diy & Hardware Store Blacks Brokers are pleased to bring to the market this leasehold diy & hardware store located in a busy and popular area of Rusholme, Manchester. Introduction
Rite Fix diy has been trading on Dickenson Road since 2004 with our client in ownership since opening. The business offers a comprehensive range of diy and hardware supplies including paints, decorating equipment, garden tools, pest control, electrical and plumbing supplies along with an automated key cutting service. The business has a large base of regular customers, a strong online following and is also a Top-Rated Power Seller on eBay. Our client is offering a handover period with full training given, if desired and this can be for anything up to three months. Location
The business location occupies a highly visible trading position with excellent access to major road and motorway links including the A6, A34 & M60. Rusholme is a densely populated suburb of Manchester with plenty of other shops, businesses and large multiples that are positioned nearby. Parking is available immediately outside the shop and public transport links are excellent. Reason for sale
The business is only being offered for sale due to retirement. Lease
The building is available on a competitive Internal Repairs Only lease (iro lease). A new, ten year lease will be offered and will run at a cost of £196 per week. Building layout and design
Rite Fix diy operates from the ground floor of a large, mid-terraced property within a busy parade of shops and other businesses. The first floor is not included in the lease and is currently private, tenanted accommodation. The business is very well branded with large signage and advertising displayed above a bold shop frontage with atm fitted. Inside, the till is positioned at the entrance allowing our client to oversee the entire sale floor and this allows staffing levels to be kept to a minimum. The sales floor is fitted with wall shelving and central gondola with all available space well used to display as much stock as possible. At the rear of the building is stairs access to the basement which is used to display paints and decorating equipment. There is also an additional stock room and staffing facilities. The business has an alarm fitted. Staff
The business is currently operating with our client working on a full-time basis along with one part-time member of staff. Financial details
Rite Fix diy has traded solidly since opening. The business generates an annual turnover of £62,500. The cash machine generates £250 per month in commission. Full financial details are available upon viewing. Summary
This leasehold business is well established with a superb reputation and delivers impressive weekly takings from multiple income streams including an eBay shop. There is plenty of scope to develop the business further with the introduction of a website with online shop to complement the ebay income, together with a strong marketing drive. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £39,995.
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