Established Bathroom & Kitchen Retailer in North Yorkshire

Middlesbrough, North Yorkshire
REF: S06689

Asking Price:
£180,000
Annual Turnover:
£181,373
Annual Net Profit:
£48,545
REF: S06689

Overview

Tenure:
Freehold
Established:
1981
  • Stock worth £60k included in sale
  • Large database with thousands of clients
  • Long established
  • Prime location
  • Wide range of recognised brands
  • Strong working relationships with suppliers & regular trade customers
  • Huge scope for growth by adding an installation service

Established in 1981, the business for sale is a recognised, reputable supplier of bathroom and kitchen fixtures and fittings.

The showroom is located in a prime location in Middlesbrough, North Yorkshire and stocks a wide range of industry leading bathroom and kitchen supplies.

The business has obtained a loyal customer base, from its 30+ years of establishment, as well as holding a large database with thousands of clients.

The business has experienced excellent financials, despite operating for a long time on a part time basis and not operating on weekends/late nights, therefore there is huge scope to grow the business dramatically, if operated on a full-time basis.

The business is now for sale on a freehold basis.

The seller is motivated to sell for retirement and is willing to consider any offers received. The stock price is negotiable.

The bathroom & kitchen retailer benefits from over 30 years of loyal repeat trade which has been acquired due to its great local reputation for quality and service. The business has strong working relationships with suppliers and is able to offer a wide variety of products and brands.

Customers enter the premises through the ground floor which proceeds to an office to the left. There is a large showroom with kitchen products and a wide range of kitchen displays throughout. To the right of the showroom is a wide variety of bathroom products and a mass range of bathroom suites and shower cubicles on display. The second floor is currently utilised as storage facilities in addition to a purpose-built office.

The vendor is keen to sell due to retirement and would consider reasonable offers received.

Intelligent is pleased to bring to the market this rare opportunity for a new buyer to acquire the freehold of a bathroom showroom/supplier with a loyal client base and the potential to increase the turnover greatly.

This opportunity is most likely to suit a bathroom installer with ambitions to operate a showroom or competitors looking to get a foothold in the area.

A potential buyer could look into increasing the product range, creating a trade counter or even retail plumbing consumables.

At present, the business lacks a website and social media profiles, so a new buyer could introduce a contemporary e-commerce site along with social media presence which would allow customers to explore the product range.

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  • Free parking on site
  • Nearby a plumbers’ merchants
  • Located near large residential areas
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
£100,000
Planning
TBC
EPC
C 51-75

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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