Mailbox Estates presents an opportunity to purchase an unique high turnover decorating business with no local competition!
The business offers a wide variety of household goods such as premium and affordable wallpapers, sundries, paints, decorators essentials and much more. This is a genuine retirement sale with over 20 years of trade, it has been a well relied on business within the local community
Turnover: * The total weekly turnover on average is around £20,500 with potential to increase. * We have been informed that the turnover from the counter sales is in the region of £7,000 per week. * Online sales generates around £13,500 per week on average. The store has their own web site and customers can also order through other online platforms.
Rent: * The rent per annum is £40,000. * Purchasers should enquire with relevant local authorities to confirm the rates payable
Tenure * We are advised that the tenure is offered on a Leasehold basis. A new leasehold option of 20 years is available.
Premises: *The shop covers an impressive 7,000 square foot * CCTV * Roller shutter * Large front of store car parking area strictly for customers and staff only. * A office and kitchen are also available. * Large stockroom for used for storage of materials and goods. * Disabled/Pushchair access with double doors at the front of store. * Clear visible signage.
**An internal inspection of the property needs to be undertaken to fully appreciate the size and potential of the property.**
Location The business is easily located on a busy main road with three big windows for advertising which benefits from the foot flow of customers and passing trade due to being located close to the local town and being situated in a residential area, it is perfectly placed for those travelling to and from Birmingham, surrounding areas and also customers of different towns.
Fixtures and Fittings The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Opening Hours * Monday to Saturday - 9:00am - 5:30pm * The business is closed on Sunday so there is potential to open to further increase sales.
Staff * The business is operated and managed by 3 full time & 2 part time staff members.
Legal costs * Each party to be responsible for their own legal costs in connection with the sale.
Reasons to buy: * A truly one-of-a-kind business within the industry so there is very little competition * Further potential to expand the businesses awareness as it does not have a social media presence * Benefits from a high weekly turnover and works on high profit margins * A longstanding business owned by the same vendor that has taken a lot of time and effort to build the business to this high standard
Please note, as this is a CONFIDENTIAL sale, the true location of this shop has not been disclosed. Viewing is highly recommended, strictly via agent only.