Kitchen Bathroom & Tile Retailer In Tiverton Devon | | Undisclosed Devon | | T/O: £800,000 GP: 26.6% Infinite scope for the future Prime trading location Substantial year on year growth | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 28816
ADVERT IMPRESSIONS : 68,809 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £149,950 | ANNUAL RENT: | £30700 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Tiverton Kitchen, Bathroom and Tile Centre occupies a prime trading location within the thriving Devon town of Tiverton. The premises are located on a small industrial estate, which is highly visible from the busy main road. The business enjoys a high degree of passing trade due to its close proximity to one of the major supermarket chains. Tiverton, set in the glorious Devon countryside, has a population of approximately 20,000. It is a vibrant and busy town, which is expanding rapidly with several recent residential developments and more are planned. Tiverton has excellent local facilities and has the benefit of good road links with the A361 trunk road skirting the town and leading to the M5 motorway about 6 miles away. Exeter lies approximately 14 miles south and Taunton about 20 miles east.
Business History
Preferred Commercial is delighted to offer for sale this highly successful kitchen, bathroom and tile retailers, which was established by our clients in 1984. The business offers kitchen and bathroom design, from flat pack through to bespoke handmade units, together with a comprehensive range of tiles. The business has an excellent reputation in the area. Annual turnover is currently £800,000 with a gross profit of 26.6% and returning healthy net profits. The turnover has tripled in the last 5 years and the business is still enjoying a 15% year on year increase. This growth has been purely organic as our clients run the business at a pace to suit themselves with very little advertising. This represents a terrific opportunity for new owners to expand the business through proactive marketing, extending the opening hours as our client chooses to close Saturday afternoons and all day Sunday, and the introduction of a web site. Further potential lies from commercial and contract work, which our client has not actively pursued. This is a wonderful opportunity to acquire a very profitable business that has infinite scope for the future, we must therefore urge early discussions with Preferred Commercial Ltd.
Financial Details
A/T: £800,000 approx.
GP: 26.6% approx.
Opening Hours
Mon - Fri: 8.00am - 5.00pm
Sat: 9.00am - 1.00pm
Sun: Closed
Accommodation Details
Operating from 2 purpose-built light industrial units, the main showroom is approximately 2,500 sq ft and benefits from double opening doors front and rear and room for 20 displays, the second unit is a dedicated tile warehouse. Both units have ample free parking and are highly visible from the main road.
Ground Floor
• Main showroom with space for 20 kitchen and bathroom displays, 2 reception/design desks, store room and toilet, administration office with kitchen area. Small storage mezzanine
• Tile warehouse with reception area, toilet, tile showroom with separate warehouse with front roller shutter.
External
• Ample free customer parking
Tenure
Leasehold
Original lease length 9 years
Remaining lease length Unit 1 - 5 years
Unit 3 - 3 years
Review every 3 years
Rent £30,700 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 1058 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
