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Reference M5116

Timber Merchants plus DIY Shop in Lincolnshire For Sale

Timber Merchants plus DIY Shop in Lincolnshire For Sale
Timber Merchants plus DIY Shop in Lincolnshire For Sale Buy a Timber Merchants plus DIY Shop in Lincolnshire For Sale

Register to see map and to make an appointment Situated in a residential and industrial area, Lincs.

Turnover 10,000
Price 895,000

Features

Timber Merchant Plus Diy Shop

SET IN APPROXIMATELY 3/4 ACRE. IN OUR OPINION HAVING POTENTIAL TO DEVELOP AS A RESIDENTIAL SITE, SUBJECT TO PLANNING PERMISSION.

5 DAYS OPENING, operating to the trade and public.

Car Parking to the left as you enter the site
DIY Sales shop / Showroom 776.4ft (72.13M) Approx
1 Large open sheltered wood store
2 Large Store Sheds for Timber and sheet materials
2 Story Office Block

3 Story Building 2,097.9ft (194.9M) Approx - Housing an extractor

Workshop 2,097.9ft (194.9M) with Loading bay 1,119.1ft (103.97M)

Turnover

5 DAYS OPENING

WE ARE INFORMED by the owner the turnover currently averages 10,000 p.w. In our opinion the business offers tremendous potential for further increase, especially with additional opening hours and further product lines.

Staff

The business is at present operated by a husband & wife team on a part time basis with 3 full time staff employed, with the assistance of 1 part time staff.

Trading Hours

5 Day week
Monday - Friday inclusive 8am - 5pm

Tenure

FREEHOLD.

Business Rates from April 2020 18,000 approx. payable but NIL at moment (Please contact local authority to confirm)

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 895,000 including STOCK 135,000/140,000 & approx, 140,000 bank a/c's.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

PLEASE NOTE WE UNDERSTAND FROM THE VENDOR THAT THE PROPOSED PURCHASE OF THIS BUSINESS, SUBJECT TO CONTRACT, IS TO BE BY WAY OF SHARE TRANSFER OF THE COMPANY.

Finance

Subject to status, you maybe able to borrow up to 626,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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