Builders Merchant With Diy Market Sales Middlesex | | Undisclosed London | | BUILDERS MERCHANT WITH DIY MARKET SALES Trading from yard with shop Est & well respected A/T: £405,000 with excellent NP Significant system improvements over 2yrs Sizeable trade c/m base supplemented by DIY trade L/H: £190,000 +SAV REF: 1115EN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65625
ADVERT IMPRESSIONS : 9,695 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Building / Construction Supply | | SALE: | Agent Sale | LEASEHOLD: | £190,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Shop and yard located in busy north London suburb
Ample parking for customers within recently extended yard
Within densely populated conurbation with many building firms in a 5 mile radius
Large housing stock the majority of which are ageing and in need of ongoing maintenance
HISTORY
Founded as a traditional independent builders merchant 14 years ago
Reliable repeat customer base of over nurtured over the period
Run at a pace to suit until acquired by vendors in 2010
Considerable work and investment undertaken, introducing systems and extending the facilities
REASON FOR SALE
Vendors need to concentrate fully on alternative business interests
PRODUCTS
Full range of products for the small and medium sized builder
All grades of timber
Plasterboard
Aggregates
Insulation products
Cement
Roofing supplies
Tools
Fencing and decking products
Sundry accessories
SERVICES
Full expert consultation and advice service offered
Free deliveries undertaken where required
CUSTOMERS
Mainly trade based and drawn from a 5 mile radius
10 account based customers
General public undertaking DIY work
SUPPLIERS
Excellent supplier contacts
Products sourced from a range of industry wholesalers and direct from the manufacturer
STAFF
One full time principal and a partner working limited hours
Manager
Driver
Yardman
TRADING HOURS
Monday to Friday 7am to 6pm
Saturdays 7am to 12 Noon
Sunday closed
FINANCIALS
Annual Turnover 2010 £405,000
Gross profit margin 29%
Excellent level of net profit
Stock holding approximately £45,000
PREMISES AND EQUIPMENT
A traditional and secure merchants yard with shop and Portacabin office
Pavement area to front allowing easy loading
Yard with racking and shelving appropriate to trade
WC
Shop & office
Remote CCTV
Ample parking and loading space
Fork lift truck
2003 flat bed delivery truck with crane
STRENGTHS
Established name in the locality
Expert knowledge and advice offered
Considerable improvements seen during tenure of vendor
Trusted supplier contacts
Minimal stock holding required
Prosperous area and within easy reach of large population living in North London
SCOPE
Introduction of website
Business development activity extremely limited at present
Introduction of delivery charges
Additional retail outlets
Exploitation of excellent trading name
Option within the lease allowing for purchase of freehold for housing development
TENURE
Leasehold
10 year lease with 8.5 years remaining and 5 year break clause
Rental £19,500 per annum
Rates £19,500 per annum
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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). | | | | | | FOR SALE | | | | | REFERENCE: | 1115EN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
