Commercial property for sale in Witney, England, United Kingdom OX28

Blacks Brokers are pleased to bring to the market this long established and highly profitable tools and hardware supply business in Witney, Oxfordshire.

Young Engineering Supplies has been trading for over 26 years. The business is well known within this industry as a reliable and trusted supplier of good quality products at competitive prices and the business has built up a very large customer base in an ideal location. Providing an array of engineering supplies to both domestic and trade clients such as mechanics, carpenters, maintenance teams and schools, the business is continually growing and developing to meet customer needs.

Located at Cranbrook Court Industrial Estate off Station Road in Witney, Oxfordshire, the business has good links to the A40, A34 and M40 and is housed within a large, semi-detached, light industrial unit which is two storey. Externally, there are four dedicated parking spaces at the front of the building. Inside, the ground floor comprises of a large open plan retail sales showroom of approximately 2,400 square feet with customer service counter at the front on the left of the main entrance. On the first floor there is a storeroom and three well equipped offices. All areas are well presented and fitted to a high standard, a full inventory is available on request.

Financial Year End Reports show latest Accounts To 31st December 2021, with an Annual Turnover £102,328 and a Gross Profit £50,127

To summarise, Youngs Engineering Supplies is well-established and is located in an ideal trading location in Witney, Oxfordshire supplying both business and private customers with an extensive range of products from adhesives, nuts and bolts to safety wear and hand tools. An ideal opportunity with substantial scope for growth through the introduction of an online presence, website and e-commerce. The cost of the lease is £175 per week, making this a sound investment and solid opportunity. Viewings are welcomed by appointment only and are advised as soon as possible to avoid disappointment.

Business: £79,000.

Please quote ref: 5414