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Hilton Smythe are delighted to offer to the market Jeffrey and Collard. The business first opened its doors in the 1940’s. Purchased by our client in 2003 the business is now only offered to market due to our clients wish to retire.
Our client has taken the business from a highly-regarded Locksmith and Ironmongers to a much needed DIY store including plumbing supplies, gas cylinders and gardening equipment to serve the local community.
Our client offers over 10,000 different products! Our client also offers a selection of second hand tools in the rear shop area.
Services and products offered – key-cutting, household paints and varnishes, garden equipment, twine, hoses and tools, fork handles, shovels, chains, fillers and acrylics, specialist cleaning products inc the ‘Hg’ cleaners and unblocking ranges, cutting saws, drills, nails, large range of screws, builders trowels, light switches, plumbing piping and connectors, hammers, sandpapers and sanding tools, compost and more.
Business is fully PAT tested, with up to date risk assessment reports and fire extinguishers. A fully equipped van is also included with the business.
95% retail customers which include local landlords, builders, local residents as well as 5% from trade accounts which includes Mayday Hospital, an area which could be easily developed further by any new owner.
Early viewing of this one stop shop for DIY enthusiasts is highly recommended.
Jeffrey and Collard is located on the bustling London Road, Thornton Heath, London. The busy road (A23) links the M25 to Central London. The road is also the main link road to Croydon and Streatham.
The business is situated in between Norbury and Croydon main line train stations and the business is fortunate to be outside the main bus routes leading into Central London.
Croydon University Hospital is less than 2 mins walk away and the increasing development of the area includes the new Westfield Shopping Mall at Croydon, the regeneration of the Lombard building and the creation of over 1000 new apartments and homes in the area.
Mid parade premise circa 124sq m.
Main shop - display window, service counter inc 4 x key cutting machines (costing over £7k), 2 x pc and till systems which include details of all stock items and can monitor sales. Electronic scales, new Virgin Media point, magnifying glass, security screen with details of the 9 CCTV’s across the property.
The display area is very high in height and includes floor to ceiling product shelving to both sides, original glass and wood display cabinets to the rear left side and rear back wall. There are 2 x separate isles with full length display units and small kitchen area.
To the rear is an additional retail area for second hand tools.
A rear stockroom is accessed through a secure door and is double width and includes the area behind the adjacent shop unit which is also owned by our clients’ landlord. Large doors access into the private alleyway.
External - access to a secure gas bottle storage area which further expands the storage facility of the business. A new large warehouse could be built to cover this area which includes the space of 3 x hop units.
We are advised leasehold.
15-year lease with 2 years remaining.
Rent has remained the same at £13,000 per annum with 4-year rent reviews.
This will be reviewed at the end of the current lease.
The business currently opens: -
Monday to Friday 8.30am – 6.00pm
Saturday 9.00am – 5.30pm
The business is owner managed and run with the assistance of his son.
According to the 2015 accounts, turnover shows as £117,825, with a gross profit at circa 54%.
Rates are currently £5,000 per year.
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