Buy a business

Established & Reputable Bathroom and Kitchen Retailer

Cheltenham, Gloucestershire

Advert ref: LC1575SJG

This is an excellent opportunity to acquire a thriving and reputable business specialising in the sale only (no fitting) of bathrooms and kitchens (income generation circa 70/30) to the trade and public. The business benefits from accounts held with around 40 trade suppliers.

Located in Bourton-on-the-Water in the heart of the Gloucestershire Cotswolds, the business serves an affluent catchment area and enjoys a good level of repeat and regular custom plus new custom by recommendation. The business is offered for sale pending the early retirement of the proprietor after 8 years ownership, who manages the business handling all aspects from the initial customer contact, estimating and sale through to product delivery. Installation work is undertaken by a separate contractor, however, the new owner may choose to offer this as part of an in-house service to generate additional income and to boost profitability.

The modern well-presented 2-storey end-terraced premises are constructed of reconstituted Cotswold stone elevations around a portal steel frame under a pitched roof. Providing a total floor area of 2,165 ft.², the premises include a reception office, showroom, goods in/out warehouse, kitchen and toilet on the ground floor, and on the first floor is a second showroom, tile showroom, kitchen and toilet. There is ample parking for customers to the front of the premises plus a yard/parking to the side. The premises are available on flexile lease terms at a passing rent of £16,249.32 per annum rental.

Key features:

  • Retirement sale after 8 years ownership
  • Reputable business enjoying regular and repeat custom from trade and public
  • Easily managed by sole proprietor generating excellent profits from sale of bathrooms and kitchens (70/30)
  • Serving affluent catchment area
  • Providing business growth potential
  • Modern well-presented business premises total 2,165 ft.² 
  • Flexible lease terms

Property Details: Leasehold
Asking Price: £79,500 + SAV (Leasehold)

Premises Details:

Totalling 2,165 ft.².

Ground floor
GOODS IN/OUT WAREHOUSE with up and over door providing delivery access.

Mezzanine floor

PARKING immediately to the front of the premises for 4-5 vehicles.
Gated YARD to the side of the premises providing further parking.

Lease Terms:
The premises are held on fully repairing and insuring 5-year lease term from March 2020 at a passing rent of £16,249.32 per annum, exclusive of rates. The landlord has confirmed their willingness to grant a new lease to the purchaser of the business if required, to coincide with the transfer of the business.
Subject to the status of the purchaser, the landlord may require payment of a rent deposit equivalent to 3 or 6 months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Reason For Selling:
Client wishing to retire.

Financial Details:
Copies of our client’s financial information will be available to bona fide prospective purchasers at the appropriate time. For the financial year ended 31st March 2022 sales amounted to £299,460 exclusive of V.A.T. generating a Gross Profit of £94,205 (31.46%) and an EBITDA (earnings before interest, taxes, depreciation and amortisation) of £65,000.

OPTIONAL VEHICLE: A 2016 registered sign written Renault Traffic van is available for purchase in addition if required.

STOCK: Typically in the region of £18,000 including showroom displays, to be purchased at cost value in addition on completion.

Employees: No staff are employed.
Trading hours:
The business operates Monday to Friday, 9:00 am to 5:00 pm and Saturday, 9:00 am to 12:00 noon.

Rateable Value: £14,750 (2023 Assessment).
Rates Payable:  £600 per annum (2023/2024).

Each party will be responsible for their own costs associated with the transaction and will be subject to Business Partnership terms and conditions.

Fixtures and fittings:
A full inventory of equipment owned by our client and included in the sale will be attached to the sale/purchase contract.

Established & Reputable Bathroom and Kitchen Retailer Cheltenham, Gloucestershire
Established & Reputable Bathroom and Kitchen Retailer Cheltenham, Gloucestershire Click image to expand (6 images)

Financial Details

  • Leasehold: £79,500 + SAV
  • Turnover: undisclosed
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed