Business for Sale Overview:
This is a wonderful opportunity to purchase a well-established business based in Essex. The business undertakes the design and supply of quality bathrooms.
The turnover has been consistent with an on going growth pattern, and still has potential to be increased. The business has been built on a reputation for quality products and excellent service.
Made to measure bathrooms can be manufactured in any style, color or size. This good, professional service enables potential customers to have all works carried out by one supplier.
The well-designed, classy showrooms perfectly target the market and exquisitely showcase the business’s exclusive and attractive products and functional accessories. There are displays of smart and sophisticated quality bathrooms. Whether customers are planning a new bathroom or updating an existing one, the business offers a superb range of stylish, co-ordinated bathrooms to reflect individual style and personality.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The property was originally two shops. The current owner owns the freehold of one shop, and the second shop is leasehold. A new lease would be made available on the second shop, by separate negotiation. There is currently one and a half years remaining on the existing lease. Annual rent is charged at £16,000 with an additional £9,000 charged for rates (This includes a small business discount). The freehold value of the property is £500,000.
The property itself measures circa 3,500 square feet in total, including display areas. The shop is superbly fitted showing up to 35-40 fully fitted styles of bathrooms and accessories. The property is double fronted and set over three floors from a highly visible high street location in Woodford.
Market Competition and Expansion:
The business currently advertises through the Yellow pages and local press. In addition the company has a comprehensive website detailing all products and services.
Reason for Selling:
This is a genuine retirement sale.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.