Popular Plumbing Retail Store in South London

Carshalton, Greater London

REF: R06481

Asking Price:
£120,000

Annual Turnover:
£207,030

Annual Net Profit:
£7,340

REF: R06481

Photo of Popular Plumbing Retail Store in South London

Overview

Tenure:
Leasehold

Established:
2015

Excellent Reputation
Huge growth potential

Established over 45 years ago, the business for sale is an established plumbing merchant located in Carshalton in South London.

Situated on a main road, high street position – the merchant is recognised as a high-quality retailer of plumbing equipment and building materials to tradesman and the general public.

Renowned as the leading plumbing and building merchant in the area. This is a very profitable opportunity for a new buyer looking for an already successful business. The business is now for sale on a leasehold basis.

As customers enter the premises, they are greeted to an open plan shop with shelving on the walls, showcasing stock and materials. There is a counter to the rear, whereby the transactions are made. Further along, the floor is a stock room with more shelves which is where any additional stock is kept. Near to this is an office, toilet and a small kitchen area.

All equipment and stock is included in the sale including shelving, desks, computer and contemporary till.

Longstanding in the community, the business has garnered an outstanding reputation by offering a wide range of plumbing and building materials. In particular, local tradesmen are in frequent communication with the store, and some even have accounts with the shop on a 30-day payment agreement

This is a business which is ready to be taken to the next level with vast scope to increase the potential sales turnover. At present, the business does hold a website, however, it is not functional and the design for the website is minimalistic. There is a strong opportunity to reform the online presence to have a more current, aesthetic design which could further increase its already large consumer base.

There is also the opportunity to make the business more brandable and this could be introduced through partnership deals, or increased contracts with additional tradesmen in the area. The current owner is also willing to stay on for a transitional period if needed.