Scroll To Top

Long Standing Fire And Fireplace Business

Enfield, London
Leasehold Price:
£49,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
247392
Reference
B05463 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Energy Place (Fires & Fireplaces), which was established by our client, who is looking to retire, around 20 years ago and is the only fire and fireplace centre located in the London Borough of Enfield.

The business sells and fits fires and surrounds, the range includes gas and electric fires, wood burners, biofuel burners, gel fires and all surrounds.

The business does have 5* reviews on Google but does not have any social media sites or a website and has been trading off word of mouth advertising since its inception.

Therefore, there is scope for development by considering:

  • Creation of social media pages to promote the business
  • Creation of a website to promote the business
  • Utilise the showroom space further to create displays to enhance sales
There are many reasons to buy Energy Place including:

  • Large prospective customer base
  • Affluent local area
  • Only fire and fireplace specialists in London Borough of Enfield
Hilton Smythe highly advise early viewing to avoid disappointment.









Location
Energy Place (Fires & Fireplaces) is located in the affluent area of Bush Hill Park, Enfield, Middlesex on a shopping road surrounded by a mix of other local shops which bring a good footfall in from the highly populated local area and for the train station that is approximately 100m away.

The business has distinctive signage to the front and enjoys free parking directly outside.

Bush Hill Park is set within the London Borough of Enfield and the store is the only one of its kind that is set within the borough, therefore serving the local community, the Borough of Enfield and other surrounding postcodes.

The London Borough of Enfield is believed to have a population of circa 328,400 as per a 2015 report.

Bush Hill Park Station leads to London Liverpool Street and the area is well connected by road as the main A10 is around half a mile away and leads to central London and out to the M25 and beyond.



Premises
The premises underwent a refurbishment in 2016, which included, new flooring throughout, new electrics and new staff kitchen and toilet facilities.

The showroom is entered from the front directly off the main road. There are several free-standing displays. This leads to a further area with flues in place for working fires, burners etc.

Off this area is the office space with computer system, card machine, phone and kitchen and toilet facilities off.

To the rear of the shop is a further showroom area.

The premises have a CCTV system.



Tenure
We are advised the business is being sold as a leasehold business opportunity with a new lease to be written by our client who is the landlord. The annual rent is to be set at £18,000.

Our client informs us that they do not pay business rates.



Hours
Monday - Thursday: 10am – 5pm Summer & 9am – 6pm Winter

Friday: Closed

Saturday: 10am – 5pm Summer & 9am – 6pm Winter

Sunday: Closed

There will be no restrictions on the lease regarding opening times and our client closes Fridays due to religious grounds.



Staff
The business is run and managed by our client, with the help of a member of staff in the shop. There is also a team of sub contracted fitters.



Financial Profile
Energy Place generates an advised turnover of circa £150,000 a year with a net profit of circa £60,000. However, as the current owner is the landlord, no rent is paid, therefore, the adjusted net profit for the new buyer will be in the region of £40,000 continuing the same basis as our client.



Seller Details
Telephone: Login to view
Agent Name: Login to view
Advert Reference: Login to view
Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Location: Enfield, London
Sector: Retail, Construction Businesses
Financials
Annual Turnover: £150,000
Location Statistics
What's nearbyi:
Abernethy House Surgery (approx. 0 mile)
Barnes & Partners Solicitors (approx. 0 mile)
Bowyer Bryce (approx. 0 mile)
K & M McLoughlin Decorating Ltd (approx. 0 mile)
Nationwide (approx. 0.2 mile)
The Stag (approx. 0.2 mile)
Ask Outlets (approx. 0.2 mile)
Tesco Superstore (approx. 0.3 mile)
Little Pinkies (approx. 0.4 mile)
Baker and Chase Estate Agents (approx. 0.5 mile)
Listing Statistics
Premium Stats
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.
Disclaimer
The data showed regarding this advert 'Long Standing Fire And Fireplace Business - B05463 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.