Leasehold Electrical & Lighting Retailer In Folkestone

Business Description

LOCATION
Well positioned industrial unit on the busy Park Farm Industrial Estate on the edge of Folkestone with easy access to the M20 motorway. The towns of Folkestone, Dover and Ashford are all very accessible. Opposite the business are complimentary outlets for other building/decorating companies such as Brewers,and Plumb Centre, along with a glazers and a carpet shop.

BUSINESS
This family run concern was established 10 years ago and trades as an independent electrical and lighting wholesaler, supplying lamps (light bulbs), light fittings and electrical wiring accessories to homes, trade and businesses across the UK, both directly through their retail outlet and online. The retail unit is well placed with little competition locally and benefitting customer parking outside. The business has an active and very successful website which along with its online Ebay and Amazon presence has achieved an extremely positive 99.7% customer satisfaction rating across the board. The business would suit either someone to buy and build it in its current location or else would be suitable to relocate and bolt on to an existing business as around 70% of sales are on line.

TURNOVER
The business has accounts to show sales of £331,914 pa @ 58% GP. ( Yr end 28/02/2025)
Approx 70% of the turnover is through on line sales via Ebay and Amazon.

STAFF
Family run

HOURS
8.00am - 5.30pm Mon to Fri 9.30am - 12.30pm sat

PREMISES
Modern industrial unit approx 1,600 sq/ft over two floors. Single entrance to retail showroom with various lighting and electrical displays, display shelving, sales counter, electric till. Office to rear with sales computers, desks and seating. Kitchenette. Sep WC. Door to rear.
Stairs to first floor: Sep WC. 2 offices and 3 store rooms. Separate stairs and entrance to front.

TENURE
5 year lease with approx 3 years remaining. Rent £12,000 pa.

EPC RATING
Band C

BUSINESS RATES
None payable.

Property Information

Property:

Leasehold

Premises details:

Modern industrial unit approx 1,600 sq/ft over two floors. Single entrance to retail showroom with various lighting and electrical displays, display shelving, sales counter, electric till. Office to rear with sales computers, desks and seating. Kitchenette. Sep WC. Door to rear.<br>Stairs to first floor: Sep WC. 2 offices and 3 store rooms. Separate stairs and entrance to front.

Business Operation

Trading hours:

8.00am - 5.30pm Mon to Fri 9.30am - 12.30pm sat

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed