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Retailer Of Fireplaces Fires And Stoves In Midlands For Sale

West Midlands, UK
Asking Price:
£400,000
Turnover:
£1,008,000
Net Profit:
£260,000

Business Partnership are very pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well established and extremely profitable business. T; trading since 1985, it has only been made available for sale due to pending retirement.

In essence, the business retails fires, stoves, fireplaces Fireplaces, Gas and Electric Fires, Wood Burning Stoves and associated products for gas, electric and solid fuel to a discerning public. Located in a modern industrial/retail unit which is divided between a well fitted outan impressive showroom, supported with excellent well-equipped workshop facilities; thus giving the added dimension of being able to manufacture to order, all its own traditional style wood oak surrounds - with a growing number being sold to the trade (!?).

This is without doubt an excellent business, and one which has seen growing sales in recent years and adjusted net profits in excess of £220k!

It is felt that there is still huge potential within the business, as currently there is no ecommerce facility within the website, all installation work is carried out directly by self-employed contractors, thus offering scope to bring in-house and B2B trade sales could be more widely developed. there is no online sales facility within the website. Also, all installation work is carried out directly by self-employed contractors, thus offering scope to bring in-house.

This is a strictly confidential sale. For further information please click through or contact Business Partnership Birmingham office for further information and NDA.

Key features:
-
£1m Turn-over Business, established for some 30 years

- Excellent position with on very busy Industrial/Retail estate
- Financial statements show sales for last year just over £1m; with average Seller Discretionary Earnings in excess of £200k.
- Excellent modern premises comprising of over 9,000sq ft of retail showroom and workshop, with over 150 live displays.
- Well-equipped Workshop capable of Manufacture in most Woods including Oak, Pine, Mahogany
- Off-road customer parking for customers and staff at the side of the unit.
- Genuine retirement sale.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold – a fully renewable 10-year lease, which commenced in 2015, is in place for assignment to a purchaser at a current rental of £28,800, per annum.

Business Operation

Reasons for selling:

Our clients have decided that retirement is looming and are reluctantly offering the business for sale in order to facilitate their plans.

Years established:
30+

Contact Business Partnership

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