Established 35-Year-Old Fireplace Services Business for Sale in Preston Lancashire
Preston, Lancashire
- Status
FOR SALE
- Date Submitted:
20/06/22
- Advert ID
297314
- Reference
B06933 / Rightbiz
- Call Agent:
- Leasehold: £24,999
- Turnover: £223,980 (£4,307 Per week)
- Net Profit: £38,162 (18% Profit margin)
Business Details
Well established Fireplace services business for sale
BusinessPlease quote reference B06933
CoGoGo is delighted to present to the market one of Lancashire's most established and highly regarded new fire and fire surround businesses.
Interdec Fireplaces was established by our client over 35 years ago who is now looking to sell his successful business to allow him to now retire.
Interdec Fireplaces provide beautiful fireplaces in both traditional and contemporary designs.
The showroom located in the centre of Preston offers gas, electric and solid fuel models with a large selection of fires, fire surrounds and hearths.
Fires available include -
- Gas fires
- Gas stoves
- Hole in the wall gas fires
- Solid fuel stoves
- Electric fires
- Electric stoves
- Cast iron fireplaces
- Custom built marble
- Custom built stone
- Custom built timber fireplaces
Key brands include -
- Cast Tec
- Burley
- Newman
- Flamerite
- Nu-Flame
- Verine
- Dimplex
- Valor
- Elgin & Hall
Majority of the business comes from both word of mouth and recommendations.
We believe any new owner would have the opportunity to grow the business by introducing any of the following -
- New updated website
- Social media presence
- Local advertising campaign
- Increasing current staff team - including introducing inhouse installers
- Increasing current range - Media walls for example
- Extending current opening hours
Key selling points -
- Very well established
- Opportunity to expand
- Low rental terms
- Zero business rates
- Large showroom stock (approx £30,000)
- Excellent relationships with suppliers
Location
Interdec Fireplaces occupies a much sought after trading location within Oystons Mill in Preston, Lancashire.
Oystons Mill houses a large number of units available for light industrial, office and storage space as well as new businesses or sole traders looking for affordable commercial premises.
All units are housed within a secure mill building with free staff/customer parking on site.
Strand Road links to both the A583 and A59 which acts as the main route into the centre of Preston and the nearby M6 motorway.
This part of Preston is a key footfall driver offering an excellent choice of fitness facilities, supermarkets, car garages, home decor and DIY stores, schools and community housing as well as being just minutes away from Preston Marina.
Preston is a major city located in Lancashire with excellent motorway links, University and access to the River Ribble.
Nearest mainline station is Preston.
Premises
Ground floor showroom -
- Large open plan space with several display areas
- Customer consultation space
- Office area
- Shared toilet facilities
Tenure
The business is being sold on a Leasehold basis, with the current lease on a yearly rolling agreement. The rent is £1,005 per month.
Hours
The business hours are-
Monday – Closed
Tuesday – 9:30am – 5:00pm
Wednesday – 9:30am – 5:00pm
Thursday – 9:30am – 5:00pm
Friday – 9:30am – 5:00pm
Saturday – 9:30am – 3:30pm
Sunday - Closed
Staff
Our client currently runs the business by himself with the help of a loyal team of self-employed installers.
Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £225,000, with an adjusted net profit in the region of £25,000. Full financials can be made available upon further request.
Please quote reference B06933
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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