Warehouse for sale
Property description & features
- Tenure: Leasehold
Returning a six-figure net profit despite the ill health of the vendor, making top-end Corian kitchens, right down to bulk orders, there is so much scope for expansion, in so many areas, it is hard to know where to start.
Well worth a look and serious enquiries are welcomed. OUR REF: RX258140 - M6716N
Rooms
Tenure
Leasehold renewable after expiry in June 2025. Current rent payable £24,469 pa.
Premises
Operating from two units totalling approximately 3,000 sq. ft.
Staff & Trading Hours
One full time and two part time. 8.00 am - 5.00 pm Monday to Friday.
Turnover
The turnover has reduced over the last three years due to the vendor's ill health, so there is scope to increase this dramatically. The adjusted net profit over the last three years has averaged just under £120,000.
Business Rates
Currently zero, were £6,249 pa.
Legal Costs
Each party to bear their own costs incurred in the transaction.
Inventory
SAV on completion. All equipment is NOT included in the price and is available by negotiation. Most of the equipment is less than two years old and is owned outright, giving scope for asset finance.
Finance
Available through our many contacts. We can put you in touch for a consultation under no obligation.
Summary
What a great business! Despite the health of the vendor, this is still a highly profitable concern with so much potential. With ongoing contracts with some of East Anglia's major builders and a steady stream of retail clients, this is well worth a look.
The vendor is willing to stay on for a handover period if required.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
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*DISCLAIMER
Property reference RX258140. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert & Rose Property - Southend-on-sea.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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