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Advert Details
Hertfordshire Stoves & Range Cookers Business For Sale
(Ref: H789)
Hertfordshire, United Kingdom
Financials
Asking price: £250,000
Sales revenue: £500,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
This business has been established for some 12 years. During that time the turnover has increased consistently. Even though there is financial uncertainty in many sectors the turnover has continued its growth.
The trading position is first class in a busy location with excellent parking and extremely close to main arterial routes and motorways.
The trade has grown mainly through word of mouth recommendation and is now gleaned from a 50-75 mile radius. Advertising and PR costs are very low.
The premises are outwardly inviting and are very well fitted out. There is also ample storage and office space.
There is still potential in the business. Perhaps more trade could be achieved with Sunday opening, but it is essentially an ongoing profitable business that has taken the economic downturn in its stride.
FURTHER BUSINESS INFORMATION
• VERY GOOD LOCATION
• CONVENIENT TRADING POSITION
• RETIREMENT SALE
• WELL ESTABLISHED CONCERN
• FIRST CLASS REPUTATION
• GOOD CONSISTANT GROWTH
• STILL PLENTY OF POTENTIAL
Years established: 12 Years
Employees: 1 Vendor full time, 1 Vendor part time, 4 Full time employees
Trading hours: Monday - Friday 09.00 am - 5.00 pm
Saturday 09.00 am – 3.00 pm
Sunday Closed
Property: Leasehold
Lease terms
8 year lease is drawing to conclusion. However the landlord is keen to renew at a similar rental figure.
£3,750 per quarter
Location
The trading position is first class in a busy location with excellent parking and extremely close to main arterial routes and motorways.
Reasons for selling
Retirement


