Ref 5453 – Tile Retailer
Blacks Brokers are proud to bring to the market this leasehold wholesale tile and bathroom specialist located within McDonald Trading Estate in Hemel Hempstead.
This well known and trusted wholesale business has been trading since 2002 and has been located here in Hemel Hempstead since 2011. The business supplies an array of tiles, tiling products and bathrooms to a huge customer base that has been established and maintained over many years. The impressive trading history ensures a fine and solid foundation for any new owner. To maximize the income for the business, it retails to both trade customers, and individual customers.
Hemel Hempstead offers a great trading position for a business of this nature, with excellent placement close to London and great links with the M1, A41 and the M25, distribution is easily managed from here.
This business is offered for sale due to retirement because of health issues.
The building is available with competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The business is held on a 10 year lease which began in 2011 and costs £1,456 per week. A new lease will be given once the current lease expires.
The business is housed within a large, two storey industrial unit within a row of similar units. There is parking available for up to 8 cars directly outside the unit.The ground floor houses a beautiful and professionally presented showroom with customer service desk at the rear with individual entrance. To the right hand side at the front of the building are high roller shutter doors leading into a loading bay with main storage area to the rear. Also within this area are toilets and an additional storeroom.The first floor houses another showroom and office area. All areas are presented to a high standard with good quality fixtures and fittings. A full inventory is available by request.There is also a potential to expand, duplicating the Hemel Hempstead operation south of the Thames is one option which, if run well, should cover it's own set up costs very quickly.
The business is currently overseen by the 2 owners with three full time members of staff to assist them, including a manager.
Financial details are available upon a viewing of the business and the business has traded solidly over its impressive trading history. The business generated an annual turnover yr ending 30 June 2019 of £932,359 with strong gross profits of £387,546
This is a fantastic opportunity for an existing tile retailer or closely related business looking to expand their company by acquiring this well renowned, high turnover and very profitable concern based in Hertfordshire. Ideally located to supplying London, the South East and the Home Counties. Early viewings are advised. Business: £99,995.
Please quote ref: 5453