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Retail premises for sale

£47,000

31 St Peter`S Street, Stamford PE9

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Property description

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

Sunday: Closed

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.

What Zoopla users think of Stamford

Overall rating:

  • currently 4 stars
Very good - 84% (53 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Stamford (Lincs) (0.3 miles)
  • Oakham (10.6 miles)
  • Peterborough (11.2 miles)
  • East Midlands Airport (37.5 miles)
  • Coventry Airport (46.2 miles)
  • London Luton Airport (53.9 miles)
  • West Lynn Ferry Landing (37.3 miles)
  • King's Lynn Ferry Landing (37.4 miles)
  • Hull Ferry Terminal (76.1 miles)

Nearby schools

View all schools in South Kesteven
  • Stamford St Gilberts Church of England Primary School (0.1 miles)
  • Stamford Junior School (0.3 miles)
  • The Bluecoat School, Stamford (0.6 miles)
  • New College Stamford (0.8 miles)
  • Harington School (10.9 miles)
  • Uppingham School (11.0 miles)
  • Stamford High School (0.4 miles)
  • Stamford School (0.6 miles)
  • Stamford Welland Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for South Kesteven

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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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.

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