Asking price: £140,000

Sales revenue: £630,900

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is pleased to offer for sale this well established kitchen tile importer/distributor.

The business has been trading successfully for the last 15 years in the careful hands of the current owner. Retirement has now presented the opportunity to purchase an extremely well established business.

Operating from a 5,000 sq ft warehouse facility with first floor offices, our client has placed approximately 750 display stands into 260/280 retail tile showrooms.

Our client holds good stock holdings and then supplies the tiles to order. The showrooms are located all around the country.

The business is staffed by 3 office staff of which 2 is part time and one full time. The warehouse is manned by 2 full time warehouse operatives.

The display boards consist of up to 12 ranges of kitchen tiles. Our client has tried to provide ranges according to both geographical locality and also by providing tile ranges not readily available by competitors.

Stock at cost is in the region of £150,000.
REF: 9338DY

Trading hours: Mon-Fri: 9.00am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 15 years Remaining lease: 2 years Review every: 5 years Rent: £26,000 We are advised that the annual business rates are currently:

Location
Our client is situated in a modern industrial warehouse in Tipton in the West Midlands.

Expansion potential
It must be noted that if a new owner operated the business from a rural local with minimum rents and ran the business with only 1 despatch operative, then the true benefit would probably be in the region of £70,000 per annum.

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