Very Spacious Premises
Desirable Trading Location
Family Operated Business
BARGAIN at £99,000 Leasehold to include all stock
Description and Trade:
Having a desirable trading location at a very busy main road junction with lots of passing traffic, and being directly opposite several multiple retail stores.
The business has the benefit of onsite parking for customers.
The trade is the retail sale of medium to high price kitchen and bathroom furniture. A bedroom department has recently been introduced.
The company was established in 2005 and has established an excellent reputation for selling quality products.
Showroom 1: (15.2m x 10.3m). Comprehensive range of fitted bathrooms. There is a Reception Area and small Kitchen off.
Showroom 2: (13.8m x 4.5m) with fitted kitchens on display.
There is a Reception Area leading through to the main showroom. There is also a small Stock Room, small Kitchen, and w.c facilities.
Showroom 3: for bedroom displays is sited on the first floor.
There is also an Office, Kitchen, and w.c. facilities.
Also included in the sale will be the 'CAD' software for kitchen planning and design.
Outside is a driveway leading to a spacious rear Store Room having a large Loft Area, and w.c. facilities.
There is no living accommodation.
A superb family operated business having an excellent trading location. The bedroom department was only introduced in late 2010, so the potential for this side of the business is still growing.
The company do the planning and sales of kitchens and bathrooms but pass on the fitting to outside trades people.
Our Client Informs Us That:
Takings and Profitability:
Turnover is around £400,000 per annum but could be considerably higher. Gross profit margin is 30-35%.
The sales split is about 50/50 kitchens and bathrooms. In a better economic climate the turnover could realistically double.
9.30am - 5.30pm Monday to Friday
9.30am - 5.00pm Saturday
11.00am - 3.00pm Sunday
Leasehold. Held on a RENEWABLE lease till 2012 at a present rent of £31,000 per annum.
BARGAIN at £99,000 (to include all display stock) for the lease, business, fixtures and fittings.
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