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BUSINESS REFERENCE : IK28 / RightBiz IK28-MANCHESTER-£750,000-MANUFACTURER SUPPLY & INSTALLATION OF BESPOKE KITCHEN AND BEDROOMS | | | | | | Manufacturer Supply & Installation of Bespoke Kitchen and Bedrooms Ref no: IK28 Confidentially offered for sale Location:Manchester Asking Price £750,000 | | | BUSINESS LOCATION: | Undisclosed Manchester UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £750000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established in 1986 this Company provides independent and self contained manufacturing facilities for the sole purpose of development, design and production of individually designed fitted furniture.
The emphasis is on supplying products with a personal and reliable service giving specific attention to client's wishes and requirements.
The business has been successful since inception producing kitchens and bedrooms to be proud of. All furniture is manufactured on site in the Company workshop with craftsmanship and service that is beyond approach, providing a first class service at the right price. The whole process is taken care of from survey, quotation to supply and fit, giving customers total peace of mind.
The workshop team are highly skilled and using the latest up to date computer design technology, furniture carcasses can be manufactured to suit the requirements of any size of kitchen.
A visit to the Company showroom gives customers a good feel for the range and quality of the products on offer. The business offer a free, no obligation design service. Each drawing and design is individual, with great care and attention taken to ensure that the design not only looks pleasing to the eye but will also be functional.
Installations are designed to suit individual lifestyles and enhance customer’s homes. The business designer collaborates with customers to plan their perfect design, taking into account both functionality and aesthetic appeal.
Components are selected that combine to make an individual design and achieve the look that customers are after, innovation and excellence are in every aspect. To achieve this, the business considers four factors, design and originality, functionality, practicality and budget.
The business has gained a large volume of work due to their excellent reputation and has built up a superb name in the trade. They have a wealth of knowledge within this sector and operate a non-pressure sales and work environment.
The business offers excellent potential and great opportunities to expand upon its loyal client base. Client satisfaction is maintained at all times, and this constant commitment to quality and excellence has achieved a reputation second to none.
Clients:
The business prides itself on its commitment to providing all customers with a first class service and a unique fitting and after sales care package.
Customer Service:
This business has expertise, highly skilled personnel and reliability. As well as its dedication to customer satisfaction it has attracted and continues to attract new referrals.
This company enthusiastically offers a high level of customer service. It develops and presents all its design and build services with the utmost attention to detail, offering a high quality of service, guaranteeing standards and after sales customer care.
Key Strengths:
This is a flourishing business that offers complete flexibility of furniture design styles to its customers. The business has in depth knowledge of quality planning and design and an excellent reputation in the market for close attention to detail and the desire to satisfy customers by listening to their needs.
Since inception this business has continually grown in strength and is proud of its excellent Company ethos of precision workmanship, earning it a reputation as a craft based enterprise. It is a well-established company that aims to make the whole process of buying as stress free as possible, giving customers complete peace of mind.
The versatility of this Company is one of its strengths, from small items of furniture to complete design manufacture and installation, no job is too big or to small and any size or shape of furniture can be accommodated and benefit from the bespoke approach.
Key Opportunities:
The opportunities for continued success and growth are probably limitless. Being the preferred company of many high profile clients, this will ultimately generate further business.
The strong financial strategy of the company undoubtedly provides opportunity to achieve
impressive profit margins.
The Architect and Specifies sector is an area that has regularly approached the Company but to date it has never taken this route to market. By using this medium then a huge increase in orders and turnover could be achieved with very minimum effort.
The Company offers no credit facilities within its current terms and conditions, introducing this facility would greatly increase the amount of orders placed
Growth and Expansion:
The business has grown, forging a reputation for itself by providing a quality service.
By recruiting a sales team a substantial rise in profits and turnover could be achieved within a sort time period.
Huge scope for expansion into bathrooms, building works tiling and ancillary offshoots from the existing current business.
Quality Assurance:
Quality standards within this premier company comply fully with all of the British and European standards and directives. All work force professionals are fully trained and compliant with health and safety requirements both in-house and on installation.
Advertising and Marketing:
This successful company does not use any formal advertising or marketing strategy, most new business is generated from client referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation.
An immense opportunity exists to build on this unsurpassed reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.
The business advertises its services through the use of a user friendly, well-designed web site registered under the company name, which provides easy access to company information.
Technology:
The Business males full use of its in-house CAD design service, enabling it to offer all its clients a bespoke design and build service. Photoreal 3D is used to ensure clients have a complete picture of what their design will look like.
Administration:
All administrative procedures are computerised and a wealth of management information is available and maintained. Sage accounting software is used providing detailed information regarding the financial position of the company.
Premises:
The Company is excellently located in established leasehold premises. Current rent is £20,000 per annum.
The showroom is approx 1500 sq feet with a further area for the factory of 10,000 sq feet.
The premises have a workshop facility that provides well-designed space for this business with some expansion possible, if required in the future. The workshop is fully equipped with modern efficient woodworking equipment, including fixed and portable machinery, extractor systems, equipment and benches. There is a welcoming reception area, and the showroom is bright, spacious and well appointed and comprises of a main open display area housing a range of quality propped kitchen displays.
The site is very secure with excellent signage and has ample parking facilities. The Company is in close proximity to major road and motorway networks.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, enjoys a Strong Order Book, high gross and high net profit and has shown consistent strong growth in profits.
Highly profitable company sales revenue is exceeding £600,000 per annum, with a gross profit exceeding £285,000 per annum.
Personnel and Management:
Providing a friendly working environment for its employees and striving to develop their individual strengths the business offer good value for clients and fair rewards to its owners and employees.
All of the staff have been with the company long term, the company employs qualified tradesmen and constantly monitors training requirements.
The most important resource of any business is its people. The business employs a team of dedicated and skilled staff comprising a team of four tradesmen, backed up by two office administrators.
The administration team provides an essential support service to the team, ensuring the smooth and efficient running of the contracts and providing essential management information.
Reason for Sale:
A stage has been reached where the owner wishes to retire and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.
A new owner with management and marketing skills should be able to develop the existing market niches, which the business works in.
Support and Training:
The owner will provide full business familiarisation, training and handover. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK28 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
