Reputable Bathroom Showroom in North London

Kingsbury, London
REF: R07639

Asking Price:
£165,000
Annual Turnover:
£337,173
Annual Net Profit:
£45,000
REF: R07639

Overview

Tenure:
Leasehold
Established:
2016
  • Huge growth opportunity
  • Well-equipped premises
  • Wide variety of products
  • Strong supplier relationships
  • Equipment included

The business for sale is a reputable bathroom supplier and showroom located in North London.

Established in 2016, the business has quickly built up an unbeatable local reputation for their fantastic customer service and competitive prices.

Offering a full range of products, the business benefits from strong relationships with suppliers.

The business is offered on a leasehold basis, with rent payable at a rate of £12,000 P/A and a remainder of 7 years. Stock with an approximate value of £10,000 will be included in the current sale price.

The business currently operates from premises in Kingsbury, North London. Ideally located in a busy, residential area – the property comprises of a well maintained customer showroom with no local competition. The business also boasts a useful storage facility for excess stock.

As well as around £10,000 worth of stock, the sale price also includes all of the relevant fixtures and fittings, display units, POS systems and lighting.

The current vendor has advised they would be willing to stay on for a transitional period, should a new owner require it.

This would be a fantastic opportunity for an experienced industry professional searching for a profitable, expandable business – or an already established business owner wanting to grow their portfolio.

Currently operating with only a limited online presence, the introduction of a more modern, functioning e-commerce site - allowing customers to place online orders - would see a great increase in the amount of sales.

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  • Nearby car parking
  • Good transport links
  • Residential area
  • High footfall
  • No local competition
Rent
£12,000
Rates
£309
Lease Term
7
Lease Expiry
10 YEAR LEASE WITH 7 YRS REMAINING
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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

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