Profitable Essex Bathroom & Kitchen Business for Sale, £499,210 turnover, £86,968 net profit
Undisclosed, Essex
- Status
SOLD / WITHDRAWN
- Date Submitted:
06/06/19
- Advert ID
244098
- Reference
M4966 / Rightbiz
- Call Agent:
- Leasehold: £200,000
- Turnover: £624,000 (£12,000 Per week)
- Net Profit: Not Applicable
Business Details
Bathroom & Kitchen Business Sales Year Ending 31st March, 2021 Showed £499,210 With A Gross Profit Of £168,460 With A Net Profit Of £86,968 for Sal
WE ARE INFORMED the turnover is in the region of £12,000/£13,000 per week in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st March, 2021 showed £499,210 with a gross profit of £168,460 (before sub contractors costs of £163,161) and a net profit of £86,968. FEATURES:GROUND FLOOR SHOWROOM with Full Gas Fired Central Heating in the region of 2,000 sq. ft. Part tiled floor plus part line type floor, ceiling with inset spotlighting. Approximately 18 bathroom displays plus kitchen display area (with 2 kitchen displays at present).
2 offices
Total of 4 w.c's with wash hand basins
Stairs to LARGE BASEMENT used for tiles display area
In addition there is a second basement used for stock purposes PRICE:
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS TO INCLUDE THE BATHROOM & KITCHEN DISPLAYS in excess of £200,000 plus STOCK AT VALUATION (£10,000/£12,000 approx. plus work in progress)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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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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