Wholesale / Distribution businesses for sale in Crook

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Adam Warren (Jan 2017)
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Leasehold Price: £95,000 Annual Turnover: £562,556 Gross Profit: £69,763 Annual Net Profit: £22,407
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Business Description
Repeat Customers & Strong Commercial Contracts
Annual Turnover £562,556 Audited
Gross Profit £69,763 Audited
Retirement Sale
Supplies Pubs & Clubs with Soft Drinks and Alcohol
EPC - D
REF 6137 – Leasehold Licensed Wholesaler

Blacks Brokers are proud to bring to the market this licensed wholesaler located in a much sought-after industrial area of Crook, Durham.

INTRODUCTION

Cathedral Wholesale has been trading on Beechburn Industrial Estate since around 2015 with our client in ownership since opening. During that time, it has firmly established itself within this business sector, gaining a good base of repeat customers and established strong commercial contracts. The business is able to offer customers a unique, 24 hour delivery timescale.

LOCATION

Located in Crook, a small town not far from Durham, this gives the business a reasonably central location to Durham, Darlington and Bishop Auckland as well as Newcastle and Sunderland. This is perfect for our client reaching customers within 24 hours of ordering.

REASON FOR SALE

Cathedral Wholesale is only being offered for sale due to our client’s other business commitments.

LEASE

The building is available on a competitive Full Repair and Insure Lease (FRI lease). This is the most common form of commercial lease. The current lease is 3 years and began in 2015. It runs at a cost of £277 per week.

BUILDING LAYOUT AND DESIGN

Cathedral Wholesale is housed within a commercial storage unit on a popular industrial estate. The business is well branded with good signage on display and parking available directly outside. There is a secure, high roller main door in place for deliveries and despatch and an additional customer entrance. Inside, the main stock area is open plan with a private office area and toilet facilities.
Each area is finished to a good standard with excellent quality fixtures and fittings in place.

STAFF

Cathedral Wholesale is currently operating with two members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Cathedral Wholesale has traded solidly over its trading history. The business generates an annual turnover of £562,556 with gross profits of £69,763. Current takings for this financial year show strong growth and expansion.

SUMMARY

This leasehold proposition offers a new owner a most exciting opportunity to acquire this exceptional wholesaler with a huge base of customers in place. The unit is well-positioned within a popular industrial estate. Early viewings are very strongly advised.
Trading Hours:
Monday - Sunday 09:00 - 16:00

Tenure: Leasehold

Location Details: Crook

Leasehold Term: Rent: £277 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6137
Seller Reference:
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