Retail premises for sale in Grays, Essex RM17

£49,995
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Well established electrical supplies business to the trade & public
  • Income to year end 31.07.17 £248,165 with good profit margins
  • Same ownership since 1996
  • Excellent reputation for varied stock lines

Property description

Reference - 46853

Description
pmb Electrical Supplies is a well used and well established traditional electrical spares outlet, which has been run under the same ownership since the late 1970’s and is only being offered for sale due to our clients wish to retire. The business trades from a highly visible property on a main road location in South Essex within a densely populated residential area with ample free parking close by.

The business does supply parts and spares to the public, but we have been informed that approximately 90% of the income generated comes from commercial trade, such is the reputation for not only the level and diversity of stock held but also for the quality and price compared to some of the national chains which are within the area.

The business would ideally suit a hands-on operator but it also offers tremendous growth for any new owner who could introduce an eCommerce web site for online orders, thus building on the strong foundations formed over many years under the current ownership.

Accounts
Accounts to the year end 31.07.17 show an income of £248,165 with an adjusted profit of £40,156 for the same period.

Trading Hours
Monday – Friday
08:00 to 17:30

Saturday
08:00 to 13:00

Sunday
Closed.

Staff
The business is managed by the owner along with one part time admin staff.

Building External
The business operates from a corner plot property with good signage and is situated on a main road within a densely populated residential area.

Building Internal
The business operates from the ground floor of a two-storey property. The retail area is extremely well stocked with a vast selection of everyday electrical goods for both the trade and general public. To the rear of the building, there is further storage, staff WC and office.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a lease which has currently expired. We have been advised that the vendor has been in communication with the landlords who have advised verbally that they are prepared to grant a new lease to approved candidates at an initial rent of £14,000 to £15,000 per annum. Other terms to be negotiated.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an ideal opportunity for a hands-on operator to maximize profits and to move the business on to the next level, building upon the loyal and regular customer base which has been built up over many years which is only being offered for sale due to retirement.

A viewing is highly recommended to fully appreciate the business opportunity and location.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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