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Business 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
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.
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Commercial about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.