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Bradford-Based Family-Owned Bathroom Design Business with £1M Turnover for Sale

Bradford, West Yorkshire
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  • Status

    FOR SALE

  • Date Submitted:

    04/04/24

  • Advert ID

    609194

  • Reference

    590440 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £75,000
  • Turnover: £1,000,000 (£19,231 Per week)
  • Net Profit: Not Applicable

Business Details

Hardware, Household & DIY For Sale in Bradford

PREMIER BATHROOM DESIGNERS AND SUPPLIERS in West Yorkshire for Sale.

In the same family ownership since 1940, this firm enjoys over £1 million pounds worth of turnover each year, serving affluent and discerning clientele as well as supplying to the trade. Run from substantial showroom premises and a trade counter in a West Yorkshire city centre, the business is well known and sits adjacent to the largest and longest established plumbing supplies business in the region. Boasting impressive profits on formal accounts showing net sales for the period to 31 March 2023 of just over one million pounds. Our clients wish to part company and pursue other interests now and are offering this phenomenally successful business at a fraction of its true value in order to facilitate a quick sale. Given the large value of the stock in trade at cost price, the asking price for the business goodwill and intellectual property has been substantially discounted, to assist potential new owners hit the ground running. There is also the opportunity to secure a tremendous domain name by separate negotiation. This domain was acquired some time ago but not used. The domain site is now being worked on now and would prove to be an invaluable asset to the existing business.
Basement, ground floor stores and trade counter and first floor showroom and offices. Basement: 2,277 sq ft. Ground floor: 1,171 sq ft. First Floor: 2,960 sq ft. Total: 6,408 sq ft (approximately 595 sq m).
Offered on a secure commercial lease for a term to be agreed with the landlord. The premises has been professionally assessed and rental in the region of £35,000 per annum is sought. Alternatively, potential buyers may wish to relocate the business. EPC Band D.
Stock £100,000.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Hardware, Household & DIY For Sale in Bradford - 590440 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.