Bathroom Retailers for sale in Hemel Hempstead

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Tile Retailer For Sale In Home Counties London

Hemel Hempstead, Hertfordshire, England

  • Leasehold Price: £99,995  Price Reduced arrow_drop_down
  • Annual Turnover: £932,359
  • Annual Gross Profit: £387,546
Seller Reference: 5453
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Business Description
 
 
 
 
 
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Seller Reference: 5453
Request Details
Business Description
Highly Profitable Business
Selling to trade and private customers
Large Scale Wholesalers
Trading for 20 years
Annual Turnover from 30 June 2019 £932,359
Gross Profit 30 June 2019 £387,546
Ideally Located within the Home Counties Area
Very Profitable
Extensive Customer Base
Closed On Sundays
Sale due to retirement
EPC - C
REF 5453 – Tile Retailer

Blacks Brokers are proud to bring to the market this leasehold wholesale tile and bathroom specialist located within McDonald Trading Estate in Hemel Hempstead.

INTRODUCTION

This well known and trusted wholesale business has been trading since 2002 and has been located here in Hemel Hempstead since 2011. The business supplies an array of tiles, tiling products and bathrooms to a huge customer base that has been established and maintained over many years. The impressive trading history ensures a fine and solid foundation for any new owner. To maximize the income for the business, it retails to both trade customers, and individual customers.

LOCATION

Hemel Hempstead offers a great trading position for a business of this nature, with excellent placement close to London and great links with the M1, A41 and the M25, distribution is easily managed from here.

REASON FOR SALE

This business is offered for sale due to retirement because of health issues.

LEASE

The building is available with competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The business is held on a 10 year lease which began in 2011 and costs £1,456 per week. A new lease will be given once the current lease expires.

BUILDING LAYOUT AND DESIGN

The business is housed within a large, two storey industrial unit within a row of similar units. There is parking available for up to 8 cars directly outside the unit.
The ground floor houses a beautiful and professionally presented showroom with customer service desk at the rear with individual entrance. To the right hand side at the front of the building are high roller shutter doors leading into a loading bay with main storage area to the rear. Also within this area are toilets and an additional storeroom.
The first floor houses another showroom and office area. All areas are presented to a high standard with good quality fixtures and fittings. A full inventory is available by request.
There is also a potential to expand, duplicating the Hemel Hempstead operation south of the Thames is one option which, if run well, should cover it's own set up costs very quickly.

STAFF

The business is currently overseen by the 2 owners with three full time members of staff to assist them, including a manager.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its impressive trading history. The business generated an annual turnover yr ending 30 June 2019 of £932,359 with strong gross profits of £387,546

SUMMARY

This is a fantastic opportunity for an existing tile retailer or closely related business looking to expand their company by acquiring this well renowned, high turnover and very profitable concern based in Hertfordshire. Ideally located to supplying London, the South East and the Home Counties. Early viewings are advised. Fixtures:
A full inventory can be provided on request
Trading hours:
MON - FRI: 08:00 - 17:00
SAT: 09:00 - 17:00
SUN: CLOSED
Tenure:
Leasehold
Location Details:
Hemel Hempstead
Leasehold Term:
£1,456 Per Week
Listed by:
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