Property photos
Leasehold
£360,000
Warehouse for sale
Furniture Manufacturer, South Norfolk NR31Local area information
Property location
Nearby amenities
- Corton Church of England Voluntary Aided Primary School 0.4 miles
- Gunton Primary Academy 0.8 miles
- Oulton Broad North 2.5 miles
- Lowestoft 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
Highly profitable, long-established kitchen, bathroom and utility room manufacturer supplying trade and retail clients throughout East Anglia and London, only for sale due to the ill health of the vendor. This truly is a fabulous business which presents a real opportunity for an experienced operator. With a full order book stretching into the future, virtually brand new, top-of-the-range, state-of-the-art equipment, the potential is unlimited.
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
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
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
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
More information
Listed by
Gilbert & Rose Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Gilbert & Rose Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information.