Top-Rated Kitchen and Bedroom Showroom Business for Sale in Sunderland, Tyne and Wear
Sunderland, Tyne and Wear
- Status
SOLD / WITHDRAWN
- Date Submitted:
11/06/21
- Advert ID
278066
- Reference
B06192 / Rightbiz
- Call Agent:
- Leasehold: £99,995
- Turnover: £206,528 (£3,972 Per week)
- Net Profit: £48,000 (24% Profit margin)
Business Details
Well Established Kitchen & Bedroom Manufacturing Company For Sale
BusinessCoGoGo welcomes to the market an extremely well established and highly rated kitchen and bedroom showroom, located in the North East. The business was established in 1999. Only now does the business come to the market as our client is looking to retire.
The business provides luxury kitchens and bedrooms of all different styles and sizes. Currently trading 6 days a week and generating a turnover of £206,528 per annum.
The business has been manufacturing for 45 years and has been at the same premises for 20 years. The business has been built successfully on recommendations, high quality workmanship & service.
Our client is offering a hand over to ensure the continued success of the business.
Reasons to buy:
- Excellent area
- Scope to increase turnover.
- Well established with a great reputation
- Kitchen displays
- Sample books
- Furniture
- Computer & Website
- Sign written van
- All machinery
Location
The business is Sunderland.
The area has excellent transport links with numerous bus stops well within walking distance of the property, with the nearest train station being within the town centre, approximately 2 miles away.
The area is well served by the A-roads.
Premises
The business is very well presented and maintained throughout, with excellent eye-catching signage.
Large open plan showroom with ample display kitchens and bedrooms.
The business benefits from free parking at the front of the building.
The building is secured with an alarm and shutters.
The business has a manufacturing unit with double doors for deliveries which is attached to the showroom.
Tenure
We are advised the business is being sold on a Leasehold basis with 2 years remaining on the original 3 year Lease, rent is £1300 per month.
Hours
The showroom opening hours are as follows:
Monday to Thursday - 10:00am - 16:00pm
Friday - 10:00am - 15:00pm
Saturday - 10:00am - 14:00pm
Sunday - Closed
Manufacturing opening hours are as follows:
Monday -Thursday 08:00am - 16:00pm
Friday - 08:00am - 15:30pm
Staff
The business has 1 full time staff member.
Financial Profile
We are advised the business generated a turnover of circa £206,000 as per the 2021 accounts, further financial information can be made available upon request.
Please quote reference B06192
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Advert pending deletion
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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