For Sale
Highly Rated Bathroom Showroom For Sale
Birmingham, West Midlands
- Asking Price: £119,995 +SAV
-
Turnover:
We are advised as per the 2024 accounts, the business is projected to generate a turnover in the region of £120,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07947
CoGoGo welcomes to the market NS Bathrooms LTD, a highly rated Bathroom Showroom business in Erdington, West Midlands.
This newly established business opportunity was started by our client in August 2023, building up an excellent reputation and regular customer base during its short time of trading. As seen by the online ratings and reviews on Yell and Google, this business is extremely highly rated within the trade.
NS Bathrooms LTD has now come to the open market due to family commitments.
NS Bathrooms LTD is the home of beautiful bathrooms to suit all budgets, with all bathrooms designed for free by their friendly team. They aim to be your got-to place when it’s time to renovate your bathroom. In their vast product range, you’re sure to find something to transform your existing bathroom space.
The business is happy to help with everything from measuring and placing your order, right through to adding the finishing touches.
In their large showroom you can find showers, basins, toilets and more. Whether you need a full bathroom suite, or you're just upgrading one item, they'll be happy to help you find the perfect option.
NS Bathrooms LTD has also introduced an online shopping feature which will soon be available on their website. This will make it convenient for customers to be able to purchase online, which will also increase sales.
They've also introduced a service for trade customers. They can sign up to a loyalty scheme with the business and if a customers make a purchase for their project through them, you will receive 2% commission.
Key selling points -
- Regular customer base
- Excellent online ratings and reviews
- High footfall location
- Increase advertising and marketing
- Further develop the website and introduce the online/e-commerce shopping feature
- Leaflet/brochure drops in the local are to advertise products and services
We are advised that the business is run and managed by our client, with the help of 1 full-time staff member.
The current trading hours are -
Monday to Friday - 8:00am - 5:00pm
Saturday to Sunday - 10:00am - 3:30pm
NS Bathrooms LTD is located on Kingsbury Road in Erdington, West Midlands.
Due to its trading position and location next door to Topps Tiles, it receives high levels of footfall and passing trade.
Tenure
We are advised that the business is being sold on a Leasehold basis, with a new lease to be negotiated between the new buyer and landlords (Topp Tiles). The rent is £35,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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