Genuine reason for sale
Excellent local reputation
Steady and profitable business
Lifestyle business opportunity
Annual adjusted profit around £50,000
EM&F are delighted to offer this retail business, retailing a range of doors, door handles and fittings to local consumers and to the trade. The shop also has a profitable line in key cutting and locksmiths.
Located in an enviable High Street location with considerable passing trade the business has built up a loyal customer base over the years and this results in a steady level of business and profit.
In the hands of the current owners since they started the business some 14 years ago this is a genuine sale due to the wish of one of the owners to retire from the business.
Opening 6 days a week the business sells a good range of internal and external doors, door handles and other door ironmongery. In addition the shop offers a key cutting and locksmiths service.
The shop premises consists of a ground floor lock-up shop of some 700 square feet with a modern and distinctive double fronted glazed exterior.
Inside the front part of the shop has a plain concrete floor and recessed fluorescent lights in a suspended ceiling. The well lit retail area is divided into three isles displaying the various products on offer.
To the rear of the shop is a small wooden counter and behind that is a small office / workroom area (used for key cutting as well as an office) whilst to the side is a small storage area.
The annual rent is a reasonable £12,000 and Rates are £2,830 (payable).
January 2014 accounts show total sales of some £216,163 (net of VAT) and an adjusted profit to working owners of some £52,260.
The current year to January 2015 is expected to show a similar position.
PRICE: £59,950 to include the benefit of the Lease, Goodwill, Fixtures, Fittings & Equipment, plus stock at valuation (approximately £15,000).
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