Retail and Installation of Quality Fireplaces & Associated Products
Price:
Leasehold - £220,000
Location:
London, South West London
Business Type:
Retail businesses
This well-known and respected retailer of quality fireplaces originally began trading in 1985. The present father and son owners took over the operation in 2001 and over the last decade have expanded the operation to make it one of the leading suppliers and installers of high-quality fireplaces in London and the South East. They doubled the size of the shop by leasing the adjacent unit early on, which now gives the business an impressive double fronted location with a strong high-street presence. The extended premises also allows for a wide range of stock to be displayed on-site and assists in customer viewings, decisions and the healthy levels of revenue achieved year to year. Alongside main shop unit the vendors also lease warehousing and storage locally. This allows for a huge range of items and fittings to be carried, which results in fast turnaround for most orders, and a timely installation process.
In 2003, the owners of the business decided to bring all gas-fitting services in-house, this greatly improved the levels of customer service, reduced recall visits and again added to the overall profitability and reputation of the business. The business supplies bespoke fireplaces from an extensive range of fires, surrounds and hearths. With over 20 suppliers internationally, the shop tends to focus on the higher quality end of the market, with typical orders ranging from around £500 to £5,000. The products on offer tend to appeal to the more discerning customer, and the business enjoys minimal direct competition from large DIY retails which have moved more towards the lower end of the market. The business also has a reputation for supplying stunning contemporary fireplaces alongside the more traditional items.
The adjoined shop units are split into 3 showrooms, with extensive window displays. A 15 year lease was signed in 2001 at a combined rental of £18,000 per annum, with business rates payable of approximately £3,000. Overall the ground floor occupies around 800 sq ft, with a further basement area used for storing stock. The business also lease a nearby warehouse unit on a rolling flexible lease for around £5,100 per annum, with business rates of approximately £900. There is a small office unit, currently on a 3 year lease, which occupies around 130 sq ft, and has 2 parking spaces. The annual rent is circa £3,000, plus business rates of around £350.
A 15 year lease was signed in 2001 at a combined rental of £18,000 per annum
Monday – Saturday: 9:30 am – 6:00 pm
Sunday: 11:00 am – 4:00 pm during peak winter months.
North Yorkshire
£ 750,000
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