Business for sale

Business description

Advent Business Sales is pleased to offer to
the market this extremely well established
and well thought of bathroom suppliers and
showroom, which has been trading
successfully for the past 18 years.
The current vendor has been in ownership
since its inception but is now reluctantly
selling due to retirement.
Our client has achieved an enviable
reputation for both quantity and high
standards of execution. This has resulted in
both repeat work when people have moved
house, as well as a high level of
recommendations.
The show room has just completed a
£200,000 re-fitting with displays of only the
highest quality.
The company offers a complete service from
detailed planning through to full
installation by its own fitting team.
We are advised that stock at cost is
approximately £50,000 (not inclusive of
showroom displays).
Six full time employees, three self employed
and the owner staff the business.
In the sale of the business are two vans, one
electronically driven forklift, full computer
system and furnishings.
We believe that this business is one of the
finest bathroom suppliers and showrooms
that we have had the pleasure of presenting
to the market.
Its large customer base stretching some 30
mile radius of the showroom, is no small
testament to its business solidarity and firm
base.
This will be a major attraction to all
potential purchasers.
REF: 8969DE
TRADING HOURS
Mon-Sat: 9am – 5pm
Sun: 10am – 4pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £700,000 during a
refurbishment year
Gross Profit: 40%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The property is a large single storey building
with automatic, centrally placed doors and
briefly consisting of:
Ground Floor
• Side door and rear loading bay exit
to the stock room
• The property is approx 950 sq mtrs
with a large car park to front
• Works stockroom car park at the
rear
• Entrance door to new re-furbished
showroom displaying high quality
bathroom units – all shapes and
sizes, sinks, bidets, w/c, showers,
tiles and ceramics for flooring, taps
and sundry hardware
• At the rear of the showroom are the
administration and design offices
• stockroom
TENURETENURE: Leasehold
Original lease: 9 years
Remaining lease: 6 years
Review every: 3 years
Rent: £55,000 P.A.
We are advised that the annual business
rates are currently: £16,500
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.