Retail premises for sale

Spilsby, Lincolnshire PE23

A rare opportunity to acquire a profitable, long-established hardware business together with substantial freehold premises in the heart of Spilsby.

Established in 1937, Tongs of Spilsby has served the local community for almost 90 years and has built an excellent reputation for its extensive product range, knowledgeable service and convenient local delivery.

The business stocks diy consumables, power tools, agricultural supplies, paint, cookware and general hardware, attracting a loyal customer base and strong levels of repeat trade.

For the year ending 31 January 2026, the business achieved net turnover of £413,758 and gross profit of £157,302 We estimate an adjusted net profit of approximately £82,000 for a full-time working owner, following adjustments for owner remuneration, depreciation, property costs and normalised staffing requirements.

The substantial freehold premises are a major feature of the opportunity, providing approximately 1,553 sq. Ft. Of retail space together with around 3,000 sq. Ft. Of storage over several floors and the basement.

There is considerable scope for an incoming owner to develop the business further. E-commerce remains largely untapped, while the premises provide opportunities to expand the retail operation, introduce additional product ranges or explore alternative uses for underutilised areas, subject to the necessary consents.

The business is currently operated by a full-time owner with part-time assistance from his fellow owner, supported by an established team of employees.

Key points:

• Established hardware business trading since 1937
• Net turnover £413,758 - ye January 2026
• Gross profit £157,302
• Estimated adjusted net profit circa £82,000 for a full-time working owner
• Substantial freehold property included
• Approximately 1,553 sq. Ft. Retail space
• Approximately 3,000 sq. Ft. Storage
• Long-established local reputation and repeat customer base
• Considerable scope to develop e-commerce
• Further potential from underutilised areas of the property
• Central Spilsby location with on-street and nearby public parking
• Sunday closing

Offers around £185,000 +Stock at Valuation | Business Ref: HA1035692G

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