Well-Established and Highly Reputable Retailer of Tiles and Bathrooms in Shropshire

Ludlow, Shropshire
REF: S07617

Asking Price:
£250,000
Annual Turnover:
£270,000
Annual Net Profit:
£80,000
REF: S07617

Overview

Tenure:
Leasehold
Established:
2000
  • Excellent reputation
  • Loyal customer base
  • Spacious premises
  • Well-equipped, recently refurbished premises
  • Low overheads

The business for sale is a retail operation which specialises in the supply of tiles, showers and bathrooms. It boasts a fantastic showroom to display their diverse range of products and brands to consumers in the affluent town of Ludlow, in Shropshire.

Possessing an outstanding reputation within the surrounding area, the business has been family-run for 20 years and has developed an impressive set of financial figures.

Catering to its affluent location, the owner and his family provide luxurious interior products of the highest quality to their clientele. They display and stock the best bathroom manufacturers, including Walters, Utopia, Pelipal, Imperial, Porcelanosa, Laufen, Matki and Swadling. Meanwhile, bathroom brassware is supplied from Noken and Matki. They also stock a great variety of handmade British tiles, including those from Smoke & Fire, Marlborough, Winchester Tile, and Orginal Style. The business has a particular strength in natural stone products, such as limestone, slate terracotta, marble, and granite.

Offered on a leasehold basis, the current lease is a rolling five-year contract, however, the landlord would be happy to offer a lease term between five and twenty five years, to suit a new owner.

Nestled within Ludlow’s bustling yet quaint high street, the business has a charming and neat frontage, with large glass windows to entice customers into the immaculately presented store.

Upon entering the showroom, customers find the bathroom display to their left and the tile display to their right. At the back of the ground floor are further exhibitions of product samples. A showroom specifically for bathroom interiors is located to the right at the back of the store, showcasing examples of the business’s splendid bathroom suites.

From the centre of the ground floor staff can go upstairs. Here they will find a storage room at the front of the first floor, alongside an office and kitchen facilities at the back. A third floor is used for extra storage.

The sale price includes all of the showroom samples, equipping the buyer with everything they need to continue the business’s history of success. The current owner is willing to offer a transitional period.

With its excellent reputation and loyal clientele, this is an ideal business for anyone wishing to expand their portfolio. It would be especially suitable for a local business in a related service who is wishing to extend their current offering, such as a nearby property developer or supplier of other household interiors.

The business already has exceptionally great prominence amongst the local community, but there is further scope for growth by building upon this brilliant platform. For example, the new owner could curate an advertising campaign or introduce social media channels to increase brand awareness. They could also host events or work in partnership with related businesses, such as property developers and estate agents, offering a long-term contract of services to their clients. Extending the showroom opening hours may further attract customers into the store.

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  • High street location
  • On-site private car parking
  • High footfall
  • Close to local businesses
  • Affluent area
Rent
£15,000
Rates
TBC
Lease Term
5
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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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