Hardware showroom for Building / Home accessories for sale in Chennai
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About Business
It is a reputed showroom in Chennai selling home fittings and building accessories that is available for sale. Started in 2000 it is located in Pondy Bazaar, T. Nagar, one of the most prominent shopping areas in Chennai. It is a running showroom that is spread over 2 floors with a total area of 2200 sq. ft.
Some of the items they stock are modular kitchens, kitchen chimneys, kitchen baskets, door handles, cabinet handles, locks, mirrors, safes, door & window fittings, ladders and many more. Some of the brands they display are Hetich, Yale, Kaff, Godrej, Europa, Batla, Jaguar, Parryware etc.
The business has 2 employees who know the product line very well and can manage the day-to-day operations. The showroom is air-conditioned and has an additional meeting room that can accommodate 8 people. There is a separate space for storage of goods and the premise also includes two bathrooms. Car parking & two wheeler parking is available on site.
The brand is well known locally and there is a good inflow of walk-in customers. The business generates good revenue and has an attractive profit margin. There is considerable scope for growth as the upper floor is currently not fully utilized and there are also no direct competitors in the same locality.
The showroom is rented with a monthly rental of INR 1.1 lakhs (can be negotiated with the landlord). A refundable 10-month rental advance has to be paid to the landlord.
The asking price of the showroom excluding the rental deposit is INR 22 lakhs (negotiable) which also includes all the stock, furniture.
Reason
Partner is retiring
Keywords
₹10 to ₹200 Cr
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