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Retail premises for sale

£45,000

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
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.

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 - 83% (59 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 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)
  • Harington School (10.9 miles)
  • Uppingham School (11.0 miles)
  • Melton Vale Post 16 Centre (17.8 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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