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Showroom for sale

Stubbington Lane, Fareham, Hampshire, PO14

£40,000

Property Description

Commercial information

  • Business for sale

Key features

  • LEASEHOLD
  • Ref 13723 I

Full description

BUSINESS
The business supplies and installs all sizes of conservatories, orangeries. conservatory roof replacements, double glazing, triple glazing, front doors, bi fold doors, French and patio doors.

The business assets include: -
Over 1m turnover,
Owned and managed by our client for over 3O years,
Full handover period offered.
Fensa registered company

The recent owner who managed the business drastically increased advertising and management costs which effected net profit last year but the business is back to the previous profit levels as our client has re took over ownership to get things back on track for the purchaser.


LOCATION
The business occupies a prominent corner plot on a busy link road in Hampshire.

The business is located within a vibrant residential area.

PREMISES
Corner plot with outside display, comprising of 10 conservatories.

Sales office,
2 rear admin offices

On site stock will remain property of the site owner and will allow any new buyer the opportunity to save on buying an above standard range of stock.

TENURE
New 10 year lease to be offered.
3 year rent review,
5 year break clause
Rent of 4,000 per month.
Rates, water & sewage 500 per month.

HOURS
The business opens 7days a week
Monday to Saturday 9.00am 5.00pm
Sunday 10.00am - 4.00pm

STAFF
The business is owner run and managed with the assistance of 4 members of staff including 1 Admin Assistance and 3 Sales staff.

FINANCIAL PROFILE
According to the 2016 accounts the business reports turnover at 1,173,718 with a gross profit at 20%.


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