Traditional Home Lighting Retailer In Cardiff For Sale

Business description

Traditional Home Lighting Retailer with Commercial Department

Turner Butler is delighted to offer for sale this specialist, profitable retailer of superior quality lighting products, which was established over 30 years ago and is only now offered for sale due to our clients wish to consolidate. The business has a turnover of approximately £600,000 per annum with a gross profit of 57% and Net Profit circa £100,000. The company retails a vast selection of lighting products and claim they have the largest display of its kind in Wales. Products include ceiling and wall lights, table and floor lights, spotlights, outdoor lights, fans, LED, shades, accessories, sockets and switches & light bulbs and commercial lighting. Experienced staff are fully trained in the A-Z of the lighting business.

This is an excellent opportunity to acquire a successful and well-established profitable business.


Location:

Cardiff, the capital city of Wales, has a population OF SOME 270,000 and is a thriving retail and commercial centre. The city serves as the centre for government, professional and financial organisations in the region.

The city is served by the M4 motorway and benefits from regular InterCity rail services. Road communications have been enhanced by the completion of the second Severn Crossing (Junctions 28-30).

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £600,000 per annum with Gross Profit 57% and Net profit circa £100,000. Full financial details will be made available bona fide prospective purchasers following the signing of a confidentiality agreement and the vendors consent.

Property information

Property:

Leasehold

Location:

The premises are leasehold with rent and rates being £87,000 per annum.

Business Operation

Reasons for selling:

The vendor is now looking to consolidate.

Trading hours:

Monday – Wednesday: 9.30am – 5.30pm
Thursday: 9.30am – 7.00pm
Friday: 9.30am - 5.30pm
Saturday 10.00am – 5.30pm
Sunday 10.30am – 5.30pm
Bank holidays 10.00am – 5.00pm

Years established:

1981

Other information

Support & training:

The vendor is happy to provide training for a period of time to be negotiated prior to the sale.