Painting, Decorating, DIY & some Ironmongery Retailer/Wholesaler - Somerset Town

Price : £165,000

Business Reference No. 12741

  • Very long established
  • Excellent name and reputation
  • Paint sales and a popular paint-mixing service (using Corob System equipment) accounts for about 60% of turnover – significant scope to develop other aspects of the trade
  • Turnover £216,000 (Net Profit £20,000 for single working owner) y/e 31/10/2020 despite impact of Covid-19 related restrictions on trade and owner’s declining working ability due to deteriorating health problems
  • Real scope for considerable trade expansion – in addition to benefit of post Covid-19 lifted restrictions ahead
  • Genuine prospects for (say) a working couple to make circa £50,000 p.a. (post Covid-19 restrictions) in 2022
  • Large, double-fronted shop premises in good trading location (with on-street parking) near town centre
  • Valuable freehold property included in sale price
  • Offered for sale at extremely attractive price to encourage an early sale and thereby enable the current owner to retire

THE BUSINESS : Established in 1932 and acquired by the current owner’s father in 1965, following whose retirement in 1987 the business has since been owned and operated by the son (who had previously worked in the business in partnership with his father and mother).

The main selling product line is paint – including a popular paint colour mixing service – which accounts for about 60% of total sales turnover. The next best ‘sellers’ are ceramic tiles, tile ancillary products and wall coverings which together account for circa 25% of turnover. The remaining turnover is based on sales of miscellaneous items, including some ironmongery products, and a small amount ...

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