Hilton Smythe welcomes to the market Stamford Bathrooms Ltd, which was established by our client, who is now looking to retire, in 1999.
The business offers a wide range of bathroom suites, showers and bathroom accessories, many of which are on display in the main showroom. The range covers all budgets and tastes and the bathrooms can be purchased on a supply only basis or a full survey to fitting service.
Customers travel from an approximate 20 mile radius, but this area could be extended to create a greater turnover.
Included in the business website www.stamfordbathroomsltd.co.uk
The business could be developed by making further use of the website to incorporate special offers etc.
The hours could be extended and the store could look to change the business model to incorporate kitchen sales.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Stamford Bathrooms Ltd is located in picturesque town of Stamford, Lincolnshire, with great transport links being only a few miles from the A1.
Stamford is a town on the River Welland with a population according the 2001 census of 21,800.
There is parking close by in the town centre car parks or within bayed parking areas on the surrounded roads.Premises
The premises are entered from the main road into the main showroom area which has room to display circa 8 bathroom suites plus accessories at any given time.
There is a doorway through to the lobby with a reduced stand, door to outside and door to the office/store room.
Office/store room has a flagstone floor, desk and computer system, plenty of storage shelving and door to
Further store room with storage shelving and door to WC with toilet and sink and more storage racking.
Outside there is a parking space which is accessed to the side of the building under an arch.
There are 2 vans to be sold with the business, a Mazda van and a Toyota van.Tenure
We are advised the business is being sold as a leasehold business opportunity.
Original lease length: 3 years.
Remaining lease length: 1 years as of 2017.
Rent: £6500 per annum.
The landlord issues a new lease every 3 years.Hours
The business opening hours are:
Monday-Friday: 9.30am – 4.30pm
Saturday: 9.30am – 3.00pm
The lease permits longer opening hours and these can be extended to increase turnover.Staff
The business is run and managed by our client, with the help of 1 part time member of staff and 2 sub contracted teams of fitters.Financial Profile
Stamford Bathrooms Ltd generated an advised turnover of circa £238,150 as of the 2016 accounts, with a gross profit of £163,970.
We have been advised by our client that the turnover for the accounts ending June 2017 have increased to circa £250,000 turnover.