Asking price: £50,000

Sales revenue: £700,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Well est. business located in Norfolk supplying local and national customers, turnover c.£600k+ pa with good net profit for working owner. Council lease. Large and increasing business from web site. Excellent business currently benefiting from increase in DIY demand. VIEWING HIGHLY RECOMMENDED.

Property: Leasehold

Location
LOCATION

This business is located in the Norfolk city of Norwich. The city of Norwich is situated approximately 90 miles North East of London on the main A11 and A47 trunk roads. It also has good access to central England via the A47. Norwich is a progressive city with an excellent range of city centre shopping facilities and amenities. The area is currently undergoing an extensive range of commercial and residential developments. The business premises are located a short drive from Norwich International Airport in an industrial estate area. It is our opinion that there is potential for this business to be relocated within the local area should any potential purchaser wish. However it is our opinion that this particular location offers an excellent business opportunity.

BUSINESS PREMISES

The business premises consists of a single story industrial unit located in an industrial area North of the City Centre of Norwich. The premises has a car park to the front with loading facilities to the rear. There is a customer entrance area with a range of offices and a warehouse situated to the rear of the premises.

BUSINESS

The business trades as a DIY Cash and Carry/ Wholesaler. It has been established in excess of 14 years and has a turnover of approximately £700,000 pa. The business also has a mail order website facility which is accounts for between £5-£10,000 per month of gross income. A range of customers include local and national customers spreading Norfolk, Suffolk, Cambridgeshire and further a field etc. The Internet website has an extensive range of products and has customers across the United Kingdom. It is our opinion that this business offers an outstanding opportunity for further development particularly from the Internet website.

HOURS

Open 5 days a week.

STAFF

The business is currently operated by the owner with the assistance of 2 staff members.

RENT and RATES

We are informed that the rent and rates combined are approximately £19,300 pa.

LEASE
TBC, however it is a renewable council lease with three year break clause's.

STOCK

We are informed that the current stock is approximately £165,000. PLEASE NOTE THAT THE CURRENT VENDOR IS HAPPY TO COME TO AN AGREEMENT REGARDING THE STOCK PAYMENT. ( POSSIBLE £50,000 ON COMPLETION WITH THE BALANCE BEING PAID OVER A 12 MONTH PERIOD). Which would mean on completion the £50,000 purchase price and £50,000 stock at value would be payable.