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Online Building Material Supplier - Staffordshire For Sale

Cannock, Staffordshire, UK
Asking Price:
£600,000 Furniture / Fixtures included
Turnover:
£875,253
Net Profit:
Available on request

Industrial Estate Trading Position
Fully Relocatable
Accounts Available Year End 31st March 2020
Annual Turnover £875,253
Gross Profit £317,826
Accounts Available After Viewing
Established 2012Retirement Sale
Active Amazon & Ebay Accounts
Repeat Customer Base
Excellent Reputation
Scope To Expand Product Lines
Potential For Social Media Drive
EPC - E

REF 7581 – Leasehold Online Building Material Supplier

Blacks Brokers are pleased to bring to the market this leasehold online building material supplier currently located in Cannock, Staffordshire.

Introduction

Homesmart was established by our client in 2012 and due to expansion moved to it’s current position in 2018. The business offers a wide range of building and household materials and has a comprehensive website with online shop as well as active Amazon and two eBay accounts. The Homesmart eBay account can list up to 22 million items per month with a sale limit of £1.2 million per month gaining 113,000 feedbacks . The Stage Motor Sport eBay account can list up to 1.5 million items per month with a sale limit of £264,000 per month gaining 53,000 feedbacks . It has become very well known in this sector and has a strong base of regular customers in place. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.

Location

Homesmart occupies a prominent trading position within a highly sought after industrial estate. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples. The industrial estate is close to the centre of Cannock, Cannock Chase Hospital and Cannock Shopping Centre. The area is well linked by the M6 with very strong public transport links and parking is available immediately outside the property.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a two year lease which began in March 2021 at a cost of £220 per week.

Staff

The business operates with six members of staff in employment supporting our client working on a full time basis.

Financial details

Homesmart has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2020 show annual turnover of £875,253 and gross profit of £317,826. Full financial information is available upon request.

Business rates

Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This long established business occupies an enviable trading position in a well linked area of Cannock. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and a strong marketing drive – particularly via social media. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri: 09:00 - 17:00

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