Plumbing And Bathroom Supplies With Lucrative Development Opportunity Essex Freeholdleasehold | | Undisclosed Essex | | ESSEX FREEHOLD PLUMBING AND BATHROOM SUPPLIES WITH DEVELOPMENT OPPORTUNITY trade showroom for trade customers - with 8 letting rooms Full range of products and fittings separate leasehold retail site for private domestic clients A/T: £1.2M GP: 22% -Trade split 50/50% trade/domestic Outline PP for 14 x 2 bed apartments F/H: £1M + SAV OR L/H: £400,000 +SAV OR F/H Development ONLY: £600,000 REF: 9623RM | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48970
ADVERT IMPRESSIONS : 29,343 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | FREEHOLD: | £1000000 | LEASEHOLD: | £400000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Two showroom sites based in densely populated area in South Essex
• Ample parking at both locations
• Ideally positioned to exploit large base of trade and personal customers
HISTORY
• Established by vendors in 1987
• Freehold showroom purchased to sell primarily to trade customers
• Additional leasehold showroom established three years ago to cater for the private domestic market
• Excellent local reputation nurtured over many years
• Incorporated 2007
REASON FOR SALE
• Retirement
PRODUCTS
• Bathroom items including, sinks, showers, WCs and baths
• Full range of bathroom accessories and fittings
• Full product range from basic bathroom to exclusive designer items
• Wide range of hardware items, tools and accessories
• 4,000 individual product lines stocked, covering all trade and private plumbing requirements
SERVICES
• Unrivalled source of advice to private and trade customers alike
• Design, supply and fitting of bathrooms
• Local deliveries undertaken
CUSTOMERS
• Approximate 50/50 split between trade and personal customers
• Reliable and repeat customer base of local tradesmen and plumbing firms
• Domestic market tends to be top end affluent Essex market
SUPPLERS
• Very wide source of supply both direct from manufacturers in UK and abroad
• Traditional wholesalers
• Products stocked include Merlyn,
Rak Ceramics, Roman, QX, Crosswater, Novellini, Showerlux and Kudos
STAFF
• Two founding directors
• Four staff including salesman, plumber, counter assistant and administration
TRADING HOURS
• Mon to Fri: 8am to 5pm
• Sat: 8am to 12 noon
• Sun: closed
FINANCIALS
Turnover
2008 £1,283,614
2007 £1,200,545
2006 £1,169,234
2005 £1,187,321
• Gross profit margin typically
20% - 22%
• Reconstituted net profit in excess of £100,000 per annum
• Rental income from eight letting rooms at freehold site generates approximately £25,000 per annum
• Consistently profitable and reliable business
• Stock holding approximately £50,000
PREMISES
• Freehold site located in an area of mixed residential and commercial properties comprising:
• Trade counter
• Store area to rear with appropriate racking and shelving
• WC
• Large trade showroom area
• Eight first floor double letting rooms with three shower rooms, WCs and kitchen area
• Ample off road parking in yard
• Separate container storage in yard
• Leasehold site located on a modern industrial estate surrounded by complimentary businesses comprising:
• Large retail showroom recently equipped to a very high standard showcasing the latest bathroom designs
• Office area
• WC
• Store to rear
• Unrestricted parking to front
STRENGTHS
• Sound and solid local reputation generated over two decades
• Superb modern retail showroom
• Substantial repeat customer base
• Consistent trading performance year on year
• Excellent website
• Located in densely populated area of South Essex
• Knowledgeable and experienced staff
SCOPE
• Opportunity to develop freehold site with outline planning permission for 14 two bedroom flats with build out figure approximately £1,750, 000
• Additional marketing initiatives
• Development of website
• Targeting new trade customers
• Opening of additional sites within the area
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewings
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9623 RM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
