Pottery business at BAA seeks a buyer
Long-time pottery business, Lots of Pots, is up for sale.
A bit of an anomaly in Bermuda’s current struggling economy, the owners of the Serpentine Road pottery say it is a profitable business with little overhead.
The outdoor store, which sits on BAA property, opened approximately 15 years ago and now has what some believe to be the largest selection of pottery planters, clay chimeneas and ceramic wall art in Bermuda.
The shop, which also sells rugs and glassware, is on the market for $300,000.
The sale is just for the business and does not include the land or the BAA building.
Lots of Pots has been on the market for several months generating a couple of inquiries so far but no serious buyers yet.
Bermudian owner Debbie Lombardo, 62, said that her shop has net $100,000 in profits for the past several years, with last year being the first year that profits have dipped under that amount. Not bad for a shop only open a couple days a week.
“We’re down a bit but not nearly what we had feared,” she said, adding that she owns a similar store in Colorado that has been hit very hard by the poor economy in the US.
“We have seen a slight downturn... which I think is extraordinary in these tough economic times.”
While no one wants to give up a thriving business, Ms Lombardo said she has had little time to focus on the shop since her long-time manager retired two years ago. Now, she is looking to focus on the two businesses she owns in Colorado and visit her grandchildren.
“Our lives are busier than we want to be,” she said. “I want to enjoy life a bit. I’m 62 years old, these pots aren’t getting any lighter.”
Her husband, Nathan Wors-wick, also an owner, used to do the heavy lifting but has recently entered into the charter boat business.
During the high season, Saturdays are still the store’s busiest with 50 to 100 customers coming to browse the inventory of pots, which are imported from Mexico and Vietnam. Ms Lombardo feels a landscaper would be perfect to take over the location.
“This place wants to grow, it could use a shot of youth and enthusiasm,” she said. “It’s a perfect place for a garden centre to sell plants and soils and it’s right on the edge of Hamilton. It’s a great location, has great products from great sources.”
From now until June, the shop will be open Thursday and Friday from 12pm until 5pm and Saturday from 10am to 5pm. For more information on the sale, e-mail unicasbuyer[AT]hotmail.com.
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