Department Store And Builders Merchant In Suffolk For Sale

Business description

Operating from spacious, prominently located freehold premises in Suffolk that are optionally included in the sale, the business is a department store and builders’ merchant supplying a vast range of goods to both trade and retail customers. The builders’ yard supplies a full range of essential building materials to the construction trade, primarily in East Anglia although customers are spread across the whole of the UK. The company also operates a comprehensive tool and hardware store, provides a full kitchen and bathroom design and retail service, and sells consumables and equipment in an IT department.
The business enjoys an excellent reputation, most notably for the exceptional quality of its customer service. As a result of this, they benefit from a high level of repeat business from an impressive number of different customers.
This is a well established business that has grown significantly since it was purchased by the current owner 11 years ago and which has seen profits rise significantly over recent years despite the recent difficult trading climate experienced by most of the retail sector. This is an ideal opportunity for a purchaser to benefit from a superbly located business offering a wide and varied product range to an impressive client base covering a multitude of different sectors.

Property information

Property:

Freehold

Premises details:

The business premises are located in a prime location in one of the most flourishing towns in Suffolk. The already spacious property was further enhanced in 2004 with the development of a 5,000 square foot extension. It now comprises a ground floor shop area measuring 19,000 sq ft, a first floor kitchen and bathroom showroom measuring some 4,800 sq ft, and the building yard area measures 5,900 sq ft. There is also ample car parking space.

Other information

Expansion potential:

The business would benefit from increased buying power of being part of a larger group. This would enable the company to purchase in greater quantities at lower prices, thereby increasing profit margins.
Despite the already impressive range of products offered by the business there is still potential to add to the scope, and there are several complementary product lines still to be explored.

Reasons for selling:

During his 11 years of ownership the vendor has developed this into a highly profitable, successful business. He now feels that the time is right for a new owner to take the business to the next level of its development whilst he enjoys a well earned retirement.