Luxury Bathroom Showroom For Sale

Business description

Price reduced to attract early sale
Vendors emigrating
Luxury bathroom design, supply & installation
Prime trading position in pedestrian precinct
Leasehold in Portsmouth city area
Profitable with steady turnover
Rear delivery area & owners’ parking
Turnover £188,822 gross profits £71,695 (38%)

This privately-owned luxury bathroom design, supply and installation business was only established 3 years ago yet is thriving and owes much of its success to its superb trading location, which is second to none. It has very quickly established a reputation as a supplier of luxury bathrooms with a personal design service provided on-site. Growing customer referrals are a clear sign of the quality of customer service. One of the partners in the business is a qualified plumber. The decision to establish a luxury bathroom design and installation business in a pedestrianised high street rather than in an out-of-town location, has certainly paid off as very little advertising is undertaken, with a steady stream of customers walking in off the street.

Property information

Property:

Leasehold

Lease terms:

The premises, which are leasehold, are held on a renewable, 25-year F.R.I. lease, which commenced in 1994, expiring in 2019. The rent is reviewed every five years. The current rent of £25,100 per annum is due for review in 2009.

Location:

Prime pedestrian High Street next door to Woolworths

Other information

Reasons for selling:

Vendors emigrating

Trading hours:

Monday - Saturday 9.00am – 5.00pm

Financing available:

Adams & Co enjoy excellent relationships with two major lenders who are pleased to assist buyers of Admas businesses.

Inventory / Stock value:

£10,000