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Timber Merchants And Diy Store For Sale

Essex, UK
Asking Price:
£75,000
Turnover:
Available on request
Net Profit:
Available on request

Timber merchants & DIY Store located in a Prime shopping area with a highly enviable passing trade in this East London Suburb on the Essex Borders. The business has been established since the 1960's and has been operated under our client's ownership for the last 3 years after undergoing a significant refurbishment project to create a very well presented unit. The premises benefits from forecourt parking and is close to a mainline station and has come to market with a genuine reason for sale. Turnover on the latest set of accounts shows net sales of £285,239 yielding a gross profit margin of approximately 41% with adjusted net profits in excess of £50,000 for an owner operator with huge scope to further increase revenues. The premises is held on a secure lease with a current rental of £14,000 per annum exclusive and zero business rates are payable. Ideally suited for an experienced enthusiast looking for their own business this type of business also lends itself to an acquisition from an already established business looking to expand their current operation. Early viewing advised.

Property Information

Property:

Leasehold

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