Exclusive Bathroom Retailer In West Midlands For Sale

Business description

Description:
The Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this upmarket bathroom retailer, which has only been made available for sale due to a change in the personal circumstances of our client.

This very well established business operates in the top quartile of a multi-million pound industry, and is acknowledged within the industry (several awards have been won) for its creative designs, quality of products supplied and of course its first class service, which sees average sales being in the region of £13,000 per customer, with an individual bathroom average in the region of £8,000 - £10,000.

Situated in a most desirable area within the West Midlands, the business trades from a superb High Street location, with large display windows, which sees a continuous stream of both vehicles and pedestrians pass by.

The business has an excellent trading history with most of the prestigious suppliers such as Laufen, Huppe, Dansani, Hansgrohe, to name but a few, who are exquisitely represented in a stunning showroom of some 140 sq m (1500sq ft).

The business currently uses up to 4 teams of fitters, who are employed directly by the clients and are not employed or sub-contracted to the company in any way.

We strongly recommend that should this business be of interest, then an early viewing could pay dividends.

Premises Details:
Excellent ground floor premises of some 1,500sq ft, with additional off-site storage close by. There is good parking surrounding the premises, with owners parking at the rear.

Property information

Property:

Leasehold

Lease terms:

Leasehold – we understand that a fully renewable 25-year (or shorter term) lease, which commenced in 1988, is in place for any purchaser at a rental of £32,000, per annum, and is subject to 5-year reviews. There is a separate storage facility, which has been used for the last 10 years on a 3 month agreement, which is £6,000 per annum.

Location:

Situated in a much sought after High Street location within the West Midlands.

Business Operation

Reasons for selling:

Genuine reason for sale, which will be explained by our clients on successful viewing.

Years established:

14 years