For Sale
Well Established Kitchen & Bedroom Manufacturing Company For Sale
Sunderland , Tyne and Wear
- Asking Price: £115,000 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £206,000 as per the 2021 accounts, further financial information can be made available upon request.
Please quote reference B06192
- Tenure: Leasehold
Hilton Smythe welcomes to the market an extremely well established and highly rated kitchen and bedroom showroom, located in the North East. The business was established in 1999. Only now does the business come to the market as our client is looking to retire.
The business provides luxury kitchens and bedrooms of all different styles and sizes. Currently trading 6 days a week and generating a turnover of £206,528 per annum.
The business has been manufacturing for 45 years and has been at the same premises for 20 years. The business has been built successfully on recommendations, high quality workmanship & service.
Our client is offering a hand over to ensure the continued success of the business.
Reasons to buy:
- Excellent area
- Scope to increase turnover.
- Well established with a great reputation
- Kitchen displays
- Sample books
- Furniture
- Computer & Website
- Sign written van
- All machinery
The business has 1 full time staff member.
The showroom opening hours are as follows:
Monday to Thursday - 10:00am - 16:00pm
Friday - 10:00am - 15:00pm
Saturday - 10:00am - 14:00pm
Sunday - Closed
Manufacturing opening hours are as follows:
Monday -Thursday 08:00am - 16:00pm
Friday - 08:00am - 15:30pm
The business is Sunderland.
The area has excellent transport links with numerous bus stops well within walking distance of the property, with the nearest train station being within the town centre, approximately 2 miles away.
The area is well served by the A-roads.
The business is very well presented and maintained throughout, with excellent eye-catching signage.
Large open plan showroom with ample display kitchens and bedrooms.
The business benefits from free parking at the front of the building.
The building is secured with an alarm and shutters.
The business has a manufacturing unit with double doors for deliveries which is attached to the showroom.
Tenure
We are advised the business is being sold on a Leasehold basis with 2 years remaining on the original 3 year Lease, rent is £1300 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
