Asking price: £395,000

Sales revenue: £394,000

Net profit: £42,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
A well established, constantly developing and highly profitable business specialising in the supply of an extensive variety of building products, landscaping products, timber, general maintenance and household DIY products to commercial and retail clientele.

The business operates from a spacious and well laid out site with a variety of purpose built retail, storage and administration buildings. The site was acquired by our client in 2005 at significant cost and is held on a 99-year lease.

This is a well-known and highly reputable business, benefiting from an extensive base of established and loyal clients throughout the region, including commercial trade customers and private domestic retail customers. The business also has a high number of trade account customers providing an enviable level of regular repeat business.

Operated by the vendor with one full time and one part time member of staff, this is a superbly organised and extremely well run business, now regrettably offered for sale due to our client’s personal commitments.

The business is marketed at what we consider to be a very realistic asking price, especially when considering the excellent annual net profits recorded by the business, and the inclusion in the asking price of the effective ownership of the land and fully equipped properties, held on a long term 99-year lease.

Here is a genuinely outstanding and highly unusual business, having benefited from constant and dedicated development by our client over the years, and offering genuine and very significant potential for further development by the enthusiastic new owners, either on a stand alone basis, or as a high value add-on to an existing operation

The business occupies a detached, enclosed, fully fenced site of approx. one-third acre, briefly comprising:

Large fully surfaced yard with product displays/storage and customer parking and currently unused garden area. Spacious retail/trade showroom with customer service/trade counter and an excellent range of trade fittings, product displays, racking and shelving. Sales admin office. Kitchen. WC with wash hand basin. Separate large bulk storage building with storage space for larger items such as plasterboard, cement, plumbing supplies etc., racking for timber storage and storage to the side for pipes, guttering etc.

The lease for the site and buildings was acquired by our client in 2005 at a cost of £114,000.00, with an additional investment of £24,000.00 for surfacing the trade yard/car park and fully enclosing the site in security fencing.

Tenure: The premises are held on a long-term 99-year lease from January 2005, with a peppercorn annual rent of £825.00 + VAT.
Rates Payable: £1250.94 per annum.

Please Note: The business has consistently demonstrated significant growth, despite the current difficult economic climate. It is forecast that the turnover and profit figures for 2009/2010 will be significantly increased.


Please Note: As this is a strictly confidential sale, interested parties will be required to complete the enclosed Confidentiality Agreement prior to further information being issued. Many thanks for your understanding and co-operation.

Offers: All offers are for the leasehold business, land and properties, goodwill, equipment, fixtures & fittings, and should be made to this office.
Finance: Our in-house Finance Department specialises in arranging the funding of business purchases such as this.
Terms & Conditions: Please read our separate Terms & Conditions before proceeding.

Property: Freehold

Location
The business occupies an extensive and well positioned site in an easily accessible industrial area very close to the M1 motorway, local towns/cities and major road networks. There is extensive parking on-site.