| (REF: M3486) Profitable White Electrical Goods Business |
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| Seller Reference: |
M3486 |
| B4S Reference: |
28950 |
| Asking Price: |
£150,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£499,980 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Bedfordshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a profitable well established White Electrical Goods Business selling cookers, dishwashers, tumble dryers, fridges and deep freezes etc.
Situated in a main road trading position with the advantage of a service road in front of parade providing ample customers parking (free for the first 1½ hours).
SPACIOUS DOUBLE FRONTED SHOWROOM recently refurbished and newly carpeted. Air conditioning. Suspended ceiling with concealed lighting, counter, computer system.
Office area
Kitchen
Staff cloakroom with w.c. and wash hand basin
Large storage area
Included in the sale is a sign written Ford Transit Van for deliveries (we understad the van is approximately 3 years old).
WE ARE INFORMED the turnover is in the region of £500,000 p.a. inclusive of VAT, in our opinion offering tremendous potential for further development in the right hands. We are further advised that the gros profit is in excess of 30%.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £7,800 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£70,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
PLEASE NOTE THAT IT IS IMPORTANT TO BECOME A SHAREHOLDER OF THE BUYING GROUP. THE COST OF THE PURCHASE OF 1 SHARE IS INCLUDED IN THE ASKING PRICE OF THE BUSINESS, SUBJECT TO CONTRACT.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated end of parade, serving sought after residential area, MIDDLESEX. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays. In our opinion there is potential for Sunday trading, if desired. |
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The business is at present operated by 2 partners with the assistance of 1 relative full time plus 1 part time staff when required. In addition there is 1 full time driver for deliveries. |
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