The Trading Post, 26 East Church Street Buckie, AB56 1AB

Price £179,000

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Aspc ref: 305170

EPC F

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Description

Well Established Hardware Store

Prime trading location in busy town centre. Sales £269,007 (excl. VAT). Adjusted net profit circa £66,000 p.a. Full EPOS controlled stock management & ordering system. Retirement sale after 24 years. Stock available at valuation

We are pleased to offer for sale this well established hardware business with shop premises, which occupy a prime trading location, central in the coastal town of Buckie. The Trading Post has been a family run business now for over 24 years, but the current owners are looking to sell due to retirement. The business enjoys a good reputation in Buckie, but still attracts customers from the wider Moray area due to its large stock selection, service and knowledge of the owners and staff. The Trading Post currently holds over 3,000 trade lines with the majority of sales driven from private retail customers and only a very small percentage from trade customers. The owners presently stock an extensive range of products including hardware, gardening equipment, ironmongery, power tools, cookware and electrical goods. It also offers a wide selection of pre-mixed Dulux paints and the use of a Dulux paint-mixing machine, which extends the range further. Other services include photo-copying/faxing, key cutting, passport photographs and a carpet cleaner, which is available for hire. The quality and care shown by the owners during their years of ownership is rarely seen in the market place today, over the years they have re-invested in the premises and also in EPOS (Electronic Point of Sale) systems, which provide accurate controls in sales, stock, ordering and label printing. The EPOS system has been a key success to the business with the owners being able to monitor stock levels and maintain excellent profit margins. The combination of steady sales, high profit returns and opening hours (a 6-day trading week) to suit the owners convenience makes this a wonderful opportunity for any buyer and one that should not be overlooked.

ACCOMMODATION Electronically operated entrance door allows access into the main sales area from East Church Street, with 2 large display windows allowing maximum visibility from vehicular and pedestrian traffic. The subjects form the ground floor of a traditional building in a mid terrace position and comprise of a large open plan L-shape ground floor sales area, stock room, staff room/kitchenette, office, staff toilet and attic storage space. A number of product displays can be found along the front pavement, helping entice potential customers to browse and enter the premises.

Internal Details The premises have been well maintained and are well equipped. Modern suspended ceiling and tile effect laminate flooring. Slat wall panels provide adjustable racking heights and several aisle gondolas with various shelving units provide excellent display space.

The sales counter in the main shop has an EPOS till with a secondary EPOS till being found at the service desk in the rear sales part of the shop. Other major equipment in the shop include:- 4 key cutting machines, an electronic car key reader, Dulux paint mixing machine, CCTV surveillance system, burglar alarm system, passport photo services, printer/photocopier and carpet cleaner available for hire

Accounts Full Trading Profit & Loss Accounts can be made available to seriously interest parties ONLY after formally viewing the business or on request of their solicitor or accountant.

2017

Sales £269,007 (excluding VAT)

Adjusted Net Profit (approx) £66,,000

Current Trading Hours

Monday to Friday: 9.00am - 5.30pm

Saturday: 9.00am - 5.00pm

Sunday: Closed

Fixtures and Fittings We have been advised that all fixtures and fittings are owned outright by the business with the exception of the Dulux paint-mixing machine, which is available on a free loan, but subject to £100 per annum service contract.

Staff In conjunction with the 2 full-time owners the business currently employs 4 part-time members of staff who work varied hours. Further details of hours and rates of pay can be made available on request post viewing.

Services Mains water, electric, gas and drainage.

Business Rates The Rateable Value is £8,700 for the year commencing April 2017. Our clients currently benefit from small business rates relief and no rates payable. Purchasers should make their own enquiries with the local Assessors Department.

EPC Banding EPC=F

Rateable value: 8700

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Solicitor

Stewart & Watson

42/44 East Church Street Buckie AB56 1AB

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