Asking price: £60,000

Sales revenue: £364,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Outstanding opportunity to purchase a profitable DESIGNER BATHROOM SHOWROOM OFERING PLANNING AND FITTING established by the present owner June 1989

Single fronted showroom with various displays of top end baths, showers and wash hand basins, etc.

Office

Kitchen area

Staff w.c.

Employees: The business at present is operated by the owner and 2 staff.

Trading hours: Tuesday - Friday 9 a.m. to 5.30 p.m Saturday 9.30 a.m. – 4 p.m. NO SUNDAY TRADING (CAN IF NEEDED)

Property: Leasehold

Lease terms
We understand that subject to satisfactory references the landlord is prepared to grant a new 10 years lease at an initial rental of approximately £13,000 p.a. exclusive of rates for the first 3 years, with rent reviews thereafter. Uniform Business Rates: £5,050 p.a. approx. + water rates (metered). AS STATED THE BUSINESS WAS OPENED BY THE PRESENT OWNER APPROX. 20 YEARS AGO AND THERE ARE GENUINE REASONS FOR SALE. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Location
Situated in a parade, busy road, residential area, LONDON N

Expansion potential
WE ARE INFORMED the turnover averages in the region of £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the accounts for year ending 31st January, 2009 showed in the region of £340,000 with a gross profit of approx. 42% after 2 staff wages of approx. £30,000 p.a. We understand that all the fittings of bathrooms/showrooms are completed by external fitters who are paid direct by the customers.

Reasons for selling
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS including various displays in the showroom £60,000 inclusive of stock. We understand the proposed sale is to be by way of Share Transfer.

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.