Hilton Smythe is delighted to welcome to the market this well-established and busy heating and gas parts centre in Coventry, West Midlands.
The business was established by our client in 2002 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £125,000 per annum, with a gross profit of approximately 30%.
Our client specialises in supplying a wide range of spare parts for central heating, gas and boilers including gas valves, heat exchangers, PCBs, electrodes, expansion vessels, fans, capacitors, filling loops, gauges, injectors, LEDs, micro-switches and sensors, plus many more from all the major manufacturers, all of which are available to both trade and retail customers.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the turnover could be increased by extending the opening hours. Our client already has an excellent and informative website in place to promote the business, which benefits from online ordering facilities, which seems to be proving popular. Our client also offers the stock on the popular website EBay.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
JKD Heating & Gas Parts Centre Ltd Occupies substantial two-storey premises, ideally located on a busy road in Coventry, West Midlands. The business is surrounded by a mix of commercial and residential properties, from which the business derives a good amount of trade. The property benefits from a high volume of footfall and passing trade, as well as off street parking facilities to the front of the premises.
Coventry is a city and metropolitan borough in the West Midlands, but is historically part of Warwickshire. Coventry is the tenth largest city in England and the twelfth largest in the UK. It is also the second largest city in the West Midlands, after Birmingham, with a residential population of 329,810 in 2013.
The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Coventry Arena railway station is just over 5 minutes’ walk away. The area is also well served by the A-roads with the A444 being within easy driving distance, which links to the extensive A-road and motorway networks. Birmingham is approximately 21½ miles away and Leicester is 25 miles away.
Substantial two-storey premises, ideally located in a prime trading position, briefly comprising:
Ground floor with:
Main sales and display area.
Serve over counter with waiting area.
Display racking and shelving to rear of counter.
Office area with PC, electronic cash register, printer, desk and 9 x camera CCTV system.
Rear store area with perimeter racking and 2 x central aisles.
Under-stairs store area.
Additional rear store area.
WC with wash hand basin.
Stock room one with perimeter racking and 3 x central aisles.
Stock room two with racking to 2 x walls.
Loft space providing additional storage.
Rear yard with outbuildings including an alarmed boiler store and an extensive covered storage area.
3 x allocated parking spaces to front.
The property is fully alarmed and linked to police.
We are advised Leasehold:
Original lease length: 10 years (new lease)
Remaining lease length: 10 years
Review every: 5 years
Rent: £14,400 per annum
The business is open:
Monday – Friday: 8.00am – 5.30pm
Saturday: 8.00am – 4.30pm
Lunch hour closed from 12.00pm – 1.00pm
The business is owner run and managed with 3 x staff members.
The business generates a turnover in the region of £125,000 per annum, with a gross profit of approximately 30%.
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