Fitted Kitchens Bedrooms & Bathrooms L/h £30,000 Leic Reduced | | Undisclosed Leicestershire | | LEICESTERSHIRE KITCHENS/BEDROOMS/BATHROOM SHOWRM Highly visible spot Est 1984 Scope to expand A/T: £154,800 L/H: £30,000 + SAV REF: 8126 LE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38557
ADVERT IMPRESSIONS : 20,758 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £30000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our client is situated on a very busy main road that facilitates travel into and out of he city centre of Leicester. The prominent corner location provides a highly visible spot to the huge volumes of passing traffic as people travel to and from home to work.
Leicester is a dynamic multi ethnic city which is experiencing huge growth in new homes and companies relocating to this central location at the heart of the East Midlands. Leicester has become a firm favourite for both companies and individuals.
THE BUSINESS
Advent Business Sales are delighted to offer to the market this exceptional business which has been trading very successfully since 1984 making it one of the oldest established kitchen, bedroom & bathroom businesses in the area
During this time our clients have earned themselves a priceless and enviable local reputation resulting in considerable repeat business & recommendations. It enjoys a good relationship with its suppliers, the majority allow 30 days credit & it has always been to pay policy invoices by the due date.
The vendor has been at the current premises for approximately 7 years and in ownership since 1987. The owner has reluctantly decided to sell due to his retirement plans.
The business specialises in the design, supply & installation of kitchens, bedrooms & bathrooms including tiling & floors. Installation is carried out by sub contractors covering all trades plus one of the directors who splits his time between installation & the show room.
In addition, the business is run by the two directors, one handles sales via the well presented showroom, the other splits his time between the showroom & installation, mainly carpentry.
Orders come mainly via repeat customers, some of which have been dealing with the company from the 1980’s, plus recommendations, passing trade, plus an ongoing contract with a housing association.
The company has done no advertising other than telephone directories for approximately 8 years.
The owners are willing to conduct a lengthy handover period with training if required. The installation director would be prepared to work for the new owner subject to negotiation.
The business offers genuine scope to a younger, enthusiastic owner. For example, our clients have hundreds of thousands of pounds worth of quotations & designs which if followed up would lead to more orders.
All customers’ details are on file going back to when the vendor took ownership, which could lead to more work if contacted.
Sunday opening would lead to more orders as people in the area are accustomed to Sunday shopping for these types of services.
Web site and internet promotion as well as supplying builders are further areas for development.
We highly recommend early viewing of this well established genuine business with real scope to increase further.
We are advised that stock at value is approximately £10,000
TENURE: Leasehold
Original lease: 10 years (flexible landlord)
Remaining lease: 10 years
Review every: 3 years
Rent: £18,000 per annum
We are advised that the annual business rates are currently: £5,222 per annum
The owner of this business owns the freehold; he is willing to contribute to the cost of an external facia upgrade
TRADING HOURS
Mon – Fri: 9.30am – 5.00pm
Sat: 9.00am – 4.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
A/T: £153,800 (March 09)
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
A prominent glass corner frontage approx 70ft in length with impressive displays. The main showroom, offices kitchen & w/c total approx 2000 sq ft, plus a warehouse approx 370 sq ft & large basement.
GROUND FLOOR
• Showroom
• Two Offices
• Reception Counter
• Kitchen Area
• Warehouse | | | | | | FOR SALE | | | | | REFERENCE: | 8126LE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
