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Established & Reputable Bathroom And Kitchen Retailer In Cheltenham For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£59,000
Turnover:
£275,000
Net Profit:
Available on request

This outstanding opportunity presents itself as a flourishing and esteemed business specialising exclusively in the sale (no fitting) of bathrooms and kitchens, with a revenue split of approximately 70/30 between trade and public clientele. The business has cultivated strong relationships with approximately 40 trade suppliers, enhancing its competitive edge in the market.

Key features:
- Retirement sale after 10 years ownership
- Reputable business enjoying regular and repeat custom from trade and public
- Easily managed by sole proprietor generating excellent profits from sale of bathrooms and kitchens (70/30)
- Serving affluent catchment area
- Providing business growth potential
- Modern well-presented business premises total 2,165 ft.²
- Flexible lease terms

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on fully repairing and insuring 5-year lease term from March 2020 at a passing rent of £16,249.32 per annum, exclusive of rates. The landlord has confirmed their willingness to grant a new lease to the purchaser of the business if required, to coincide with the transfer of the business.

Subject to the status of the purchaser, the landlord may require payment of a rent deposit equivalent to 3 or 6 months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Bourton-on-the-Water in the heart of the Gloucestershire Cotswolds

Premises Details:

The modern and well-presented 2-storey end-terraced premises boast an appealing construction of reconstituted Cotswold stone elevations enveloping a portal steel frame under a pitched roof.The total floor area spans 2,165 ft.², comprising a reception office, showroom, goods in/out warehouse, kitchen, and toilet on the ground floor. The first floor houses a second showroom, tile showroom, kitchen, and toilet.Ample parking for customers is available at the front, supplemented by a yard/parking area to the side.

Size in square feet:
2,165

Business Operation

Reasons for selling:

Client wishing to retire.