Diy Shop With 4 Bed Flat In Grays Essex | | Grays Essex | | DIY Shop, Grays, Essex T/O: £50,000 GP: 60% Huge scope Loyal customer base Excellent reputation Potential for residential development 4-bedroom accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 73436
ADVERT IMPRESSIONS : 6,723 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | DIY Stores | | SALE: | Agent Sale | FREEHOLD: | £399,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
K Jays DIY occupies substantial 2-storey corner premises, ideally located in a busy parade of shops in a sought after area of Grays, Essex. The premises benefit from ample parking in the vicinity and are surrounded by a mixture of residential and commercial properties. The business enjoys a prominent trading position and a high footfall with much passing trade. The town centre is just a short walk away and possesses further complementary shop, business and amenities. The town has excellent public transport links with numerous bus stops and a railway station. The premises are easily accessed via the A-road network and the M25 motorway. Grays is an affluent town, popular with commuters, due to excellent road and rail links with central London. The town boast many attractions, including shopping centres, restaurants, cafes and bars. Dartford lies approximately 9 miles away, while central London is approximately 20 miles to the west.
Business History
Preferred Commercial is delighted to offer for sale this busy DIY shop, which was established in 1957 and which has been in our client's careful hands since 1982. The shop is only now offered to the market due to our client's wish to retire. The business is run at very restricted pace and trades 6 days a week, generating a turnover in the region of £50,000 per annum with a gross profit of 60%. K Jays DIY specialises in obscure items and offers an extensive range of DIY tools, equipment and doors. The shop previously attained turnover levels in excess of £200,000 per annum and we feel a new owner could, easily achieve this again by running the business to its full capacity. There is also scope for a modest marketing campaign and to establish a website with online ordering facilities. The business has a loyal customer base and receives much repeat trade and word of mouth recommendations. The premises are well-equipped and boast spacious 4-bedroom accommodation with 2 x lounges, kitchen and bathroom, which is currently let out to generate additional income. This substantial property would suit many commercial uses and could even be re-developed into 9 bedsits, subject to planning permission being granted. Our client advises that the freehold, without the business and stock, is available by negotiation. This is an ideal opportunity to acquire an already popular DIY shop with an enviable reputation, in a desirable location, and with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £50,000 approx.
GP: 60%
Opening Hours
Mon - Sat: 8:00am to 5:00pm
Sun: Closed
Accommodation Details
Substantial 2-storey corner retail premises with 4-bedroom accommodation. Briefly comprising:
Ground Floor
• Retail area split into 2 sections with displays, shelving, counter and electronic cash register
• Lounge
• Kitchen
• Large conservatory
• Utility room
• 2nd lounge
• Bathroom
First Floor
• 4 x double bedrooms
External
• 2-storey barn to rear, which could be converted into further accommodation
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 3022 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
