Well Established Tile Retailer and Supplier Lincolnshire
Price:
Leasehold - £25,000
Business Type:
Retail businesses
HISTORY
The vendor has been in ownership for the last 25 years and established since 1985, and is an extremely well known and respected business in the surrounding area, supplying a split of approx 65% retail and 35% trade business.
REASON FOR SALE
Vendor’s intention to retire.
PRODUCTS
A well-established independent company supplying quality tiles including ceramic, slate, quarry, marble, porcelain, mosaic, glass, and travertine tiles.
The business has one of the largest tile showrooms in North Lincolnshire with thousands of tiles to choose from, in every style imaginable, all part of an extensive and breathtaking range.
For customers who want to do their own tiling the business stocks adhesives, grout, tiling tools and all accessories. There is also a free measuring and estimating service.
CUSTOMERS
The majority of customers are from the immediate and surrounding areas, and are a mix of trade and domestic.
SUPPLIERS
We are informed that the business has an extensive number of suppliers who all deliver direct to the business premises.
STRENGTHS
• Extremely well established and respected
• Low overheads for size of premises
• Excellent work environment
• Strong history
• Healthy margins
• Superb trading premises
• Superb leasehold investment
• Excellent website
SCOPE
• Ideal business for a sole trader or as a bolt on for an existing trade related business or partnership
• Sunday opening
• Expand products to include bathrooms and kitchens
• Introduce a design and fit service
• Introduce an internet shop for online purchases
• Expand on commercial supply
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
This extremely well established business is located in a very popular business estate in a highly residential and central area of Louth, benefiting from excellent free customer car parking and complementary businesses close by.
Leasehold
Original Lease: 9 years
Remaining: 4 years
Review: 3 years
Rent: £9,000pa + vat
Rates: £2,500pa
Mon to Fri: 9am to 5.00pm
Sat: 9am to 12.30pm
The business operates from an impressive and spacious 3 unit premises in a popular industrial/business estate, and has been fitted to a high standard of displays and lighting, fully equipped and briefly comprising:
• Sales/display area 1 – 600sqft
• Sales/display area 2 – 741sqft
• Warehouse – 800sqft
• Office – 56sqft
• Kitchen/Rest area – 96sqft
UK Non-Specific
£ 800,000
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