Builders Merchant/DIY/ Enfield/ Ref No: 21328
OVERVIEW: Long Established, Profitable, well stocked, popular through excellent customer service and local knowledge has built a loyal customer base with ready stock and timely delivery to clients. Which has helped the store increase its turnover. The business has seen a steady increase in business. There is scope to increase the retail area of the shop. The local goodwill built up over the years, means this is an ideal opportunity to buy a thriving business in a very good location. Since taking ownership of the business (nearly 5 years ago), the current owners have run the business to new targets and turn over with massive scope to develop the business. The shop is very well known throughout the area and is referred to by many as the first place to visit with ample parking to the front of the shop. Outside large shop frontage.
TRADING & BUSINESS: Annual turnover currently runs at £2,000,000 Two Million with a high margin which is derived from the sale of hardware, DIY goods, timber, and building materials.
THE PREMISES: The business comprises of DIY shop and office on mezzanine, storage of building materials in an area of 14025 square feet approx.
TENURE: Leasehold two years remaining with a renewable long lease from the landlord.
FINANCIALS: The rent and rates are very reasonable as compared in to the area, Rent £30000 P.A, Rates £10000 P.A
PRICE: Goodwill for the business £700 000 plus the stock.
TRAINING: Training and support will be provided from the vendor for one month.