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Reference M4777

Bathroom & Kitchen Retail in Essex For Sale

Register to see map and to make an appointment Sought after ESSEX TOWN

Turnover 16,584
Price 150,000

Features

Well Established Kitchens & Bathrooms

The business was established by the present owners in 1976 & at present location since 1984 & is now offered for sale due to retirement.

The business operates from a modern Retail/Industrial Estate specialising in the design, supply & fitting of kitchens, bathrooms & bedrooms.

CAR PARK FOR 8/10 CARS

SPACIOUS SHOWROOM approximately 1,500 sq. ft. At present there are 6 kitchen displays, 6 bathroom displays & 1 bedroom display.

In addition to the showroom there is approximately 500 sq. ft. of warehouse plus 150 sq. ft. mezzanine storage.

Turnover

WE ARE INFORMED the turnover year ending 31st December, 2016 showed 862,356 with a gross profit of 186,966 i.e. 21.68%.

Staff

At present operated by a husband & wife team with the assistance of 1 full time in respect of the showroom plus 1 part time designer. Sub-contractors are utilized for fittings.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 5 p.m.
THE BUSINESS IS CLOSED ON ALL SUNDAYS & BANK HOLIDAYS

Tenure

The vendor owns the long leasehold property and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 25,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 8,290 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE ESTABLISHED IN 1976 AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL 150,000 plus STOCK AT VALUATION (including existing displays 35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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