Now on the market as its owners look towards retirement, this iconic shop has been a community favourite for decades. Bibs Hardware is celebrated for its exceptional customer service and extensive product range, which includes:
- Household goods
- Cleaning materials
- Electrical items
- Tools
- Pet foods
- Gardening products
- Paints and varnishes etc
- Plumbing
- Motor accessories
- DIY products
- Lighting and bulbs etc
- Ironmongery
Beyond its wide array of pproducts, Bibs Hardware also offers key cutting, watch battery fitting, scissor and shear sharpening, and cycle repairs.
With a multitude of regular customers, many of whom are on a first-name basis with the owner, Bibs Hardware thrives on word-of-mouth and referrals. The owner, a well-respected community member, has built a strong personal connections with customers.
Key selling points –
- A well established business with an enviable reputation and many existing customers
- Current owner happy to offer a handover to ensure the continued success
- Includes owners accommodation or immediate rental income
- Ideal owner managed or partnership business
- All fixtures, fittings and equipment included making this a real Turnkey business opportunity for a lucky new owner.
Opportunities for growth are abundunt: launching an advertising and marketing campaign, leveraging social media, developing an e-commerce website, introducing a customer loyalty scheme, and extedning opening hours can all drive further success.
This is a rare opportunity to acquire a thriving, community-loved buisness with a rich history and significant growth opportunity.
Location
Bibs Hardware is located on St Michaels Court in Stoney Stanton, Leicestershire.
The business boasts eye-catching signage and receives high levels of footfall.
Premises
The business occupies a prime location, featuring a spacious and well-stocked and well-stocked retail shop on the ground floor, complete with a stockroom, WC, and kitchenette.
The first floor boasts a beautifully presents a two-bedroom flat, currently rented out for £575 per month. However, it has potential to achieve a higher rent of approximately £600 to £650 per month.
Additionally, the property includes an allocated parking space at the rear and offers 2.5 hours of free customer parking at the front.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 12 year lease. The rent is £15,000 per annum.
Hours
The current trading hours are –
Monday to Saturday – 8:30am – 4:30pm
Staff
We are advised that the business is owner run and managed, with help of family and casuals as and when needed.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financial information can be made available upon request.
