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BUSINESS REFERENCE : IK170 / RightBiz BESPOKE KITCHEN & BEDROOM FURNITURE COMPANY | | | | | | Bespoke Kitchen & Bedroom Furniture Company Supply and Installation Confidentially offered for sale Ref No: IK170 Location: Munster, Ireland Leasehold Asking Price: £239,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £239000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This dynamic and forward thinking company has been serving the Munster market for over 5 years and has quickly gained an enviable reputation in the market for delivering quality kitchens and wardrobes at reasonable prices.
The company provides a wide range of kitchens, both in solid wood and vinyl, with a choice of worktops (Granite, Solid Wood and HPL).
The kitchens come in variety of styles (single panel, double panel, raised panel etc.) and woods (Alder, Ash, Beech, Chestnut, Pine, Oak to name but a few.)
In addition to this the business also designs and supplys a variety of made to measure fitted bedroom furniture .
The business prides itself on supplying kitchens and wardrobes designed to customers specific and exacting requirements and covers most areas in the Munster region.
Its unrivalled reputation has been built on recommendation, having already delivered over 750 different shapes and styles of kitchens and wardrobes to satisfied customers to date. The company provides a wide range of modern and traditional styles to suit most tastes.
The business operates from a prime site just off the main road in a growing town in the region and has limited competition. The showroom is professionally fitted out with the very latest kitchens and designs and portrays the company’s truly professional image. This is backed up with the latest CAD design services.
Technology/Equipment:
The business utilises a computerised accounting package and CAD design facility. It also has all the necessary tools, plant and equipment required to carry out a professional service including table saw, boring machine, compressors, spray guns etc as well as a DAF box van. Total value of assets is circa 20,000 Euros.
Customer Service:
The business considers simply that satisfied customers come back and on this basis has maintained levels of product and service quality intended to best guarantee this satisfaction. The results of this commitment are evident in the degree of return custom and the high level of new business coming from referrals.
Key Strengths:
The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return custom, a great many of whom having done so on a regular basis and for many years.
The company has earned an outstanding reputation for its honesty, service, knowledge and reliability. These factors all combine to give the client an attentive and personal sales experience.
The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of profitable margins at no loss to custom - a clear competitive advantage
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions, excellent quality work, ability to deliver multiple products, cost control and highly skilled, experienced staff.
Growth and Expansion:
The population of the region this business serves is growing and this business is ideally positioned to benefit from the increased demand this growth will bring.
Key Opportunities:
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's products, a new owner contributing fresh ideas and energy will have every advantage of building on an excellent platform.
Employees:
There are two directors who work full time within the business. One director is responsible for the design and administration, the other is responsible for production and customer care. In addition to this the business employs the following:
1 Full time sales staff
1 Warehouse/Driver
The business utilises well respected sub contractors to carry out installation work.
Advertising and Marketing:
The business currently undertakes a limited level of advertising via local newspapers. There are excellent opportunities to increase this and to market the business more aggressively. The business also has a website.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Premises:
The business is located with prominent retail premises in the town comprising a ground floor showroom area with twelve kitchens on display and with a useful storage area to the first floor. The site is very secure with security bars fitted to all windows. The premises are on a short term lease with rent reviewed on a yearly basis. Annual rent is 10,500 Euros p.a. Rates are 1000 Euros p.a. In addition to this the business utilises a workshop of circa 2500 square feet. Rent on this is 850 Euros per month.
Business Hours:
Monday – Friday: 0900-1730
Saturday: 1000-1600
Installations as required
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 low overheads, positive cash flow, enjoys a strong order Book, good gross and net profit and has shown consistent growth over five years trading. The business has recently invested heavily in both showrooms and is well positioned to continue its impressive performance over the coming years.
Sales revenue is circa 560,000 Euros per annum. Gross profit margin is 30%. Current stock is circa 20,000 Euros excluding displays. (circa. 20,000 Euros). The asking price includes all stock, fixtures and fittings.
Reason for Sale:
Retirement
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK170 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
