Hardware shop for sale on the order of receivers
Published 29/12/2015 | 00:00
The landmark J. Donohoe Hardware business in Enniscorthy has been put on the market.
The business, which is being sold as a going concern, is being brought to the market by Sherry Fitzgerald O'Leary on the orders of receivers Andrew O'Leary and Kieran Wallace of KPMG,
Michael O'Leary of Sherry Fitzgerald O'Leary said 'this is an excellent opportunity to acquire a long established hardware business with substantial turnover'.
Receivers were appointed to the J. Donohoe businesses in November.
Hours later, Armiralford Limited, trading as The Donohoe Drinks Company, had purchased the business and assets of the beverage production and bottling business of J Donohoe Beverages Group.
The wholesale business of J Donohoe Beverages was acquired in a trade sale by East Coast Suppliers, a Dundalk based company. The acquisition of these two arms of the Donohoe businesses saved the jobs of almost 80 people.
At the time it was indicated that the hardware business and the keg distribution business would continue to trade as normal until being sold as going concerns.
The hardware business was put up for sale last week with a market price of €220,000. The premises is situated on a freehold site and extends to around 0.85 acres in the town centre. There is also ample parking onsite.
Mr O'Leary said that the shop's inventory and trading stock will be sold with the company under a separate agreement. There is also a 21-year lease dating back to March 1999 on the retail area of the premises.
Back in November there was widespread shock in Enniscorthy following the news that receivers had been appointed to the company, which has been based in the town for almost 150 years and was seen as a stronghold in the town. However, saving the majority of the jobs was a great asset for the town.