Outstanding Bathroom Retailer with High Turnover and Profits
Price:
Leasehold - £600,000
Business Type:
Retail businesses
Advent Business Sales is delighted to have been instructed to offer to the market this well established and profitable bathroom business.
Founded over 3 years ago by the present vendors, the business is only now being offered for sale to enable them to pursue another alternative unrelated business venture.
The business offers a one stop shop where customers can either purchase on a supply only basis or take advantage of a full design and installation service.
The business has an enviable local reputation as they only supply top quality British and leading European products and only work with conscientious and trusted local tradesmen.
The business offers bathrooms, toilets, shower rooms, en-suites and wet rooms and gives a complete installation service including electrics, tiling and plastering; almost all sales are within an approximate 5 mile radius of the showroom.
The two vendors work full time in the business together with one other full time and a part time who both work within the office. They also have up to 4 teams of self employed fitters.
In the year to September 2010, they have achieved net annual sales of circa £723,000 which should equate to a gross profit of £255,000. Overheads are kept under control which should ensure a healthy net profit.
Every year the business has operated has seen a significant increase in sales and profits which the vendors anticipate will continue in the current year.
We are advised that stock at cost is approximately £15,000.
EXPANSION POTENTIAL
This is already clearly a very successful bathroom business. It does however, still offer excellent scope to increase both sales and profits further by:
1. Increasing the working area beyond the current narrow 5 mile radius of the showroom
2. Add other products to the range
3. Advertise, especially if they plan to expand out of the current area
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The high visibility showroom is located on a busy parade situated in the heart of an extremely affluent town in Hertfordshire.
Other nearby businesses include Marks & Spencer, opticians, estate agent, hairdresser, restaurants, coffee shop, a deli and many more who all contribute in attracting high footfall levels to the area.
Parking is principally free of charge time limited in Marks and Spencer’s
Mon-Fri: 9.00am – 5.00pm
Sat: 9.00am – 2.00pm
Highly visible mid terraced alarmed property on a busy parade of an affluent town which briefly comprises of:
• Double frontage side entry door into the showroom with 17 bathrooms on display
• Rear reception desk
• Rear storeroom, kitchen area & W.C
• Back fire exit to yard with shed storeroom and 2 parking spaces
First Floor
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