Business Hilton Smythe welcomes to the market Flaming Good Fires Ltd. This family run business was originally established in 1956 and was taken over by our clients in 2010. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.
The business runs as a well-known fireplace shop on the outskirts of Bradford. They sell an excellent variety of gas and electric fires, our clients also offer servicing, however, most trade is retail and installation. The fitting and deliveries are sub-contracted to two fitters.
The store generates an advised turnover of around £255,000 per annum, with a gross profit of around 21%. This is an excellent turnover that has seen an increase over the last years. There were three fireplace businesses in the area, two of which have closed recently, allowing for a large amount of trade for Flaming Good Fires. Our clients have received a large amount of trade and have seen a huge increase in repeat loyal trade.
The business is very busy and the owners don’t currently advertise. We feel there could be a larger increase in custom with a marketing and advertising campaign. The new owner could also look to set up contracts with local building contractors and developers in order to boost current repeat loyal trade.
This is a fantastic unopposed opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Location Flaming Good Fires Ltd is located in Bradford, West Yorkshire.
Situated on a very busy main road just outside the town centre of Bradford, there are lots of businesses in this area, which bring in good footfall and heavy trade. The centre of Bradford is a short walk from the property. There is on street parking located nearby.
The road on which the business is located is a main road that connects from the A6177 into the centre of Bradford. This is a great location for a busy retail business. The area has great road links allowing for ease of deliveries to customers. The area also has good public transport with two train station dotted around the town and bus stops a short walk away.
Premises Flaming Good Fires Ltd boasts a large premises, the property is well-signed, this is clear to passing trade.
Front Reception Entrance through large glass doors where you face the front counter. To the right is a passage leading to the showroom and at the back of the counter there is a separate passage leading to the office area. There is vast amount of stock very well presented in the showroom.
Show Room Very large open plan show room where our clients have created make shift fireplaces for display purposes. The showroom is completely separate and located through a small passage from the front entrance. Very well presented with an abundance of stock, located at the back there is a desk for clients to sit down. Double doors located at the back is an entrance to an opposing delivery company but the vendor does use a small amount of area for stock.
Office Located at the rear of the front counter, used only for preparation of quotes and additional paperwork work by the vendors. Toilets are also located here.
Tenure We are advised the business is being sold as a Leasehold opportunity.
Current rolling lease, new lease to be negotiated. Rent: £19,200 per annum
Hours The business opening hours-
Monday - Saturday: 9am – 5pm Sunday: Closed
Staff The business is run and managed by three directors, with the help of two sub-contractor fitters.
Financial Profile The business generates a turnover in the region of £255,000 per annum. Gross profit 21%