DIY and bathrooms store for sale in Ilford East London with potential for new ownership
Ilford, London
- Status
FOR SALE
- Advert ID
643485
- Leasehold: £250,000
- Rent: £39,600 (£3,300 per month)
- Turnover: On request
- Profit: On request
Business Details
DIY Bathrooms Store in East London
YJY Business is your ultimate destination for DIY and bathroom supplies, designed to make home building, repairs, and upgrades straightforward and affordable. We offer an extensive range of products, including tools, tiles, plumbing essentials, and contemporary bathroom fittings and accessories, all selected for their quality and value. Whether you are a homeowner tackling a minor repair or a contractor engaged in a comprehensive renovation, YJY provides dependable products, clear advice, and friendly service to ensure you achieve the best results on your first attempt.
Our store is fully stocked with a diverse selection of bathroom fixtures, which includes sinks, toilets, and shower units, catering to all your needs. We also feature an extensive display of plumbing supplies and accessories, appealing not only to DIY enthusiasts but also to professionals in the field. With organised sections dedicated to tools and paint, we aim to assist a wide array of home improvement projects. Ideally situated for easy access and visibility, our location attracts both local customers and passersby, and our strong reputation within the community underscores our commitment to quality service.
Business Insights
Established for over 20 years, YJY Business has built a loyal customer base and a solid standing in the market. I have owned this business for one year and am looking to pass it on to someone who can continue to uphold its values. The leasehold price is competitively set at £250,000, with an annual rent of £39,600. We currently employ four dedicated staff members who embody our commitment to customer service. Additionally, training opportunities will be provided to ensure a smooth transition for new owners.
It is worth noting that our business does not yet have an online presence, which presents an exciting opportunity for new ownership to expand into the digital marketplace. Local amenities, including shops and restaurants, further enhance our appeal, drawing in potential customers and boosting foot traffic. Although the competitive landscape in the area remains moderate, there is ample potential for growth, especially for someone eager to harness the power of online marketing and modern retail strategies.
Included in the sale price are several fixtures and fittings, providing you with a solid foundation to start your journey in the DIY and bathroom retail market. This opportunity is ideal for anyone looking to invest in a well-respected business with significant growth potential in East London.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.'.
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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.
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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.
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