Builders Merchant With DIY Market Sales For Sale
Price:
Leasehold - £190,000
Business Type:
Retail businesses, Service Businesses
LOCATION
• Shop and yard located in busy north London suburb
• Ample parking for customers within recently extended yard
• Within densely populated conurbation with many building firms in a 5 mile radius
• Large housing stock the majority of which are ageing and in need of ongoing maintenance
HISTORY
• Founded as a traditional independent builders’ merchant 14 years ago
• Reliable repeat customer base of over nurtured over the period
• Run at a pace to suit until acquired by vendors in 2010
• Considerable work and investment undertaken, introducing systems and extending the facilities
REASON FOR SALE
• Vendors need to concentrate fully on alternative business interests
PRODUCTS
• Full range of products for the small and medium sized builder
• All grades of timber
• Plasterboard
• Aggregates
• Insulation products
• Cement
• Roofing supplies
• Tools
• Fencing and decking products
• Sundry accessories
SERVICES
• Full expert consultation and advice service offered
• Free deliveries undertaken where required
CUSTOMERS
• Mainly trade based and drawn from a 5 mile radius
• 10 account based customers
• General public undertaking DIY work
SUPPLIERS
• Excellent supplier contacts
• Products sourced from a range of industry wholesalers and direct from the manufacturer
FINANCIALS
• Annual Turnover 2010 £405,000
• Gross profit margin 29%
• Excellent level of net profit
• Stock holding approximately £45,000
PREMISES AND EQUIPMENT
• A traditional and secure merchants’ yard with shop and Portacabin office
• Pavement area to front allowing easy loading
• Yard with racking and shelving appropriate to trade
• WC
• Shop & office
• Remote CCTV
• Ample parking and loading space
• Fork lift truck
• 2003 flat bed delivery truck with crane
STRENGTHS
• Established name in the locality
• Expert knowledge and advice offered
• Considerable improvements seen during tenure of vendor
• Trusted supplier contacts
• Minimal stock holding required
• Prosperous area and within easy reach of large population living in North London
SCOPE
• Introduction of website
• Business development activity extremely limited at present
• Introduction of delivery charges
• Additional retail outlets
• Exploitation of excellent trading name
• Option within the lease allowing for purchase of freehold for housing development
TENURE
• Leasehold
• 10 year lease with 8.5 years remaining and 5 year break clause
• Rental £19,500 per annum
• Rates £19,500 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing
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).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• Leasehold
• 10 year lease with 8.5 years remaining and 5 year break clause
• Rental £19,500 per annum
• Rates £19,500 per annum
• Monday to Friday 7am to 6pm
• Saturdays 7am to 12 Noon
• Sunday closed
North Yorkshire
£ 750,000
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