Retail Kitchen Appliance Business
Price:
Freehold - £185,000
Location:
Merseyside , Wirral, Birkenhead
Business Type:
Retail businesses
Business History
The business was established by the owners in 1982 and relocated in 1986 when the freehold premises were purchased.
Business Profile
Sale of kitchen appliances (white goods) including cookers (gas and electric), washing machines, dryers and microwave ovens. The business model is based upon very competitive pricing, good individual service and advice and includes free delivery and fitting (except in the case of integrated appliances and cookers). The business benefits from being a member of a large buying group and is able to take advantage of bulk buying preferential terms and pricing. The vendors will be pleased to arrange a handover period to assist a buyer with the acquisition of this profitable business.
Financial Profile.
Jolley & Co. have accounts for the business to 30 September 2010 showing sales of £440,629 and a gross profit of £112,753. The owners will be pleased to discuss all the financial aspects of the business with prospective buyers. Please note that the current owners advise that they have been used to taking seven weeks holiday per year and are able to produce the above profitability even when the business is closed in their absence.
Tenure
Freehold. Jolley & Co. have not examined any title documentation and a buyer should arrange for their solicitor to verify that this information is correct.
Uniform Business Rates
For details of the rateable value and rates payable for the premises please contact Wirral Borough Council on telephone number 0151 666 4100.
Accommodation:
This comprises ground floor showroom and storage areas amounting to approx. 91.3m² ( 982.7ft²) and first floor storage of 41.9m² (451ft²), Total approximately 133.2m² (1,433ft²). The showroom is double fronted with double entrance doors and benefits from carpeting, wall cladding, spotlights and panel lighting. There is a ground floor toilet.
Fixtures & Fittings
A schedule of fixtures and fittings will be made available for prospective buyers.
EPC
Jolley & Co hold a copy of the EPC and it can be viewed in their office.
Price
£185,000 for the freehold property, goodwill, fixtures and fittings plus SAV
The business is located in Birkenhead and a short distance from the junction at Charing Cross and the start of the town's main pedestrian precincts. Other businesses nearby include McDonalds and numerous leisure and service retailers.
Opening Hours
9:00am - 5:00pm Monday to Friday, 9:00am - 4:00pm Saturday, Closed Sunday.
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