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Long Established Specialist Lift/recliner Retailer For Sale

Cardiff, South Glamorgan, UK
Asking Price:
£75,000
Sales Revenue:
£227,394
Cash Flow:
£25,657

Prominent Main Road Trading Location
Accounts Available Year End 30th September 2017
Annual Turnover £227,394
Gross Profit £104,297
Accounts Available After Viewing
Established 1979
Retirement Sale
Close To Large Hospital
Ample Free Parking Immediately Outside
Enviable Reputation
Scope To Expand Product Lines
Potential For New Opening Hours
EPC - B

REF 6895 – Leasehold Recliner Chair Retailer

Blacks Brokers are pleased to bring to the market this leasehold recliner chair retailer located in a busy area of Cardiff, South Glamorgan.

INTRODUCTION

Recliner Chair Centre was established by our client in 1979. Due to expansion, the business moved to its current location in 1984. The centre is very well known and has a strong base of repeat customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and has established excellent relationships with local healthcare experts such as occupational therapists and physiotherapists, all of whom recommend this business to their patients.

LOCATION

Recliner Chair Centre occupies a prominent trading position on a busy main road in the Heath area of Cardiff. The area is densely populated residentially and is around 150 yards away from The University Hospital Of Wales. Heath Park and Roath Park are also close by. Cardiff is well linked by the M4 and A48 with strong public transport links and parking is available immediately outside the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. The new lease will be a ten year lease running at a cost of £260 per week.

STAFF

The business operates with four members of staff including our client and partner working on a part time basis. Staff are long standing and reliable.

FINANCIAL DETAILS

Recliner Chair Centre has traded solidly since opening and our client has established a strong customer base. Accounts for year ending 30th September 2017 show annual turnover of £227,394 and gross profits of £104,297. It is to be noted that the business is currently operating on limited hours to suit the needs of our client’s busy personal life – there is much scope and demand to extend these opening hours.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a long established, highly reputable business with a large customer base and good connections to the local hospital. There is plenty of scope to develop the business further with the introduction of new complimentary products such as stairlifts, mobility scooters and other aids, disabled bathrooms and other home adaptation options. A new online and social media presence could also prove beneficial to a new owner along with the above mentioned longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

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