Property photos
Just added
Business
£295,000
(£29.50/sq. ft)
Retail premises for sale
Holme House Road, Stockton-On-Tees TS1810,000 sq. ft
Local area information
Property location
Nearby amenities
- Tilery Primary School 0.5 miles
- Norton Primary Academy 0.7 miles
- Thornaby 1.1 miles
- Stockton 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Stockton-On-Tees to find out more about the local area.
Features and description
- Large Furniture Retailer For Sale
- Multiple Site Operation
- Turnover In Excess Of £1 Million
- All Stock Included
- Huge Scope To Further Increase sales
Business For Sale: Large Furniture Retailer, Teesside
Michael o'Connor Furniture & Michael o'Connor Beds & Bedroom Centre
Parker Barras are delighted to bring this long established and well respected furniture retailing business to the Market.
Michael o'Connor who are one of the premier furniture retailers in the country and were founded in 1983 currently operate from 2 retail venues and a warehouse facility for stock.
Michael o'Connor Furniture which is furniture superstore measuring over 10,000 SqFt and located at Portrack Retail Park, Holme House Rd, Stockton-on-Tees TS18 2SB
Michael o'Connor Beds & Bedroom Centre which is a large retail store located at Unit 3 Roadside Retail Park, Skippers Ln, Middlesbrough TS6 6UU
Each property is held on a lease as follows.
Portrack Retail Park - 10 Year Lease from December 2020 - £80,000 Per Annum
Roadside Retail Park - 11 Year Lease From July 2020 at £26,000 Per Annum
Warehouse - - 5 Year Lease From February 2023 at £18,035.35 Per Annum
The business trades to a high level, with turnover above £1 million for the previous 5 years.
Accounts are available upon request and a relevant nda being signed
Alongside offering the 2 retail locations the business also has a comprehensive website which accounts for around 25-30% (this includes telephone orders) of total turnover. With a large boost in online shopping in recent years it is believed that this could be further increased to boost turnover. Currently the business does some Pay Per Click campaigns and occasionally some direct mail for larger promotions. There is further scope here to tap into the marketing aspect of Michael o'Connor and boost turnover.
Full staff team in place, the director would require replacing. A potential handover period may be offered.
All stock is included in the price, at the last yearly stocktake this was around £184,000 - although this does fluctuate it remains similar through the year.
Sale Price - £295,000
Please note, there is no direct approach to be made. For further information please contact our office.
Michael o'Connor Furniture & Michael o'Connor Beds & Bedroom Centre
Parker Barras are delighted to bring this long established and well respected furniture retailing business to the Market.
Michael o'Connor who are one of the premier furniture retailers in the country and were founded in 1983 currently operate from 2 retail venues and a warehouse facility for stock.
Michael o'Connor Furniture which is furniture superstore measuring over 10,000 SqFt and located at Portrack Retail Park, Holme House Rd, Stockton-on-Tees TS18 2SB
Michael o'Connor Beds & Bedroom Centre which is a large retail store located at Unit 3 Roadside Retail Park, Skippers Ln, Middlesbrough TS6 6UU
Each property is held on a lease as follows.
Portrack Retail Park - 10 Year Lease from December 2020 - £80,000 Per Annum
Roadside Retail Park - 11 Year Lease From July 2020 at £26,000 Per Annum
Warehouse - - 5 Year Lease From February 2023 at £18,035.35 Per Annum
The business trades to a high level, with turnover above £1 million for the previous 5 years.
Accounts are available upon request and a relevant nda being signed
Alongside offering the 2 retail locations the business also has a comprehensive website which accounts for around 25-30% (this includes telephone orders) of total turnover. With a large boost in online shopping in recent years it is believed that this could be further increased to boost turnover. Currently the business does some Pay Per Click campaigns and occasionally some direct mail for larger promotions. There is further scope here to tap into the marketing aspect of Michael o'Connor and boost turnover.
Full staff team in place, the director would require replacing. A potential handover period may be offered.
All stock is included in the price, at the last yearly stocktake this was around £184,000 - although this does fluctuate it remains similar through the year.
Sale Price - £295,000
Please note, there is no direct approach to be made. For further information please contact our office.
More information
Listed by
Parker Barras
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