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Finance And Services:

Business For Sale. Well Established Retailer Of Domestic Heating Equipment

LISTING DETAILS
Firms For Sale ID:
24337
Vendor reference:
AI028
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£335,000  
Turnover / revenue:
£457,000
Net profit / cashflow:
Undisclosed
Years established:
30
Number of employees:
3

OTHER DETAILS
Reason for selling:
The owners have worked happily for the past thirty years to build up the business. They have now reached retirement age and wish to take life easier. This is a wonderful opportunity for someone wanting to take over a thriving business and work for themselves or for a major company to add this niche business on to their existing portfolio and develop the market even further.
Support and training:
The owners would be happy to help with a smooth transfer of the company in any way possible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The freehold premises were recently valued at £350,000. The yearly rental would be circa £30,000 per annum with rates of £7,000 per annum. The period of time for the lease is negotiable
 
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BUSINESS DESCRIPTION
Well Established Retailer of Domestic Heating Equipment

Ref.AI028
Location Hull
Asking Price £ 335,000

A rare opportunity to acquire a profitable and well established family run retailer of heating equipment has arisen in the city of Hull. Founded over 100 years ago by the owner’s grandparents, the business has concentrated its efforts on the domestic heating market for the past thirty years.

The business has a great edge of the city centre location on one of the busiest roads in the area, attracting a huge volume of traffic which passes the showroom every day of the week.

The magnificent freehold property has a large showroom on the ground floor with over 80 displays for the customers to choose from, including fires, stoves and fireplaces with a choice of appliances which can be used with gas, electric, oil/gas and solid fuel. They also sell bottled gas for patio heaters and barbeques. The property is across three floors with the second and third floors virtually unused at present apart from a small amount of storage. Outside there is ample free parking for customers.

The cornerstone of this business is its honesty and integrity, this business prides itself on the quality of its merchandise and the extensive knowledge and help they provide their customers. They are fiercely competitive offering a “never beaten on price” guarantee with the lowest prices available in the area and great package deals to choose from.

Expansion Potential
This is an outstanding opportunity to build on the effort and investment that has been put into the company over a number of years to establish an outstanding name and reputation.

There is huge opportunity for new owners to build on the established business that the owners have created. This is a family business with old fashioned values and a traditional mode of operation. There is no website at present and the company has potential to increase its sales, from on-line purchases, by the creation and implementation of a dedicated site. Other opportunities are to sell boilers and to create a trade counter at the rear.