Highly Profitable Design & Supply Of Domestic Kitchens, Bedrooms And Bathrooms | | Undisclosed Relocatable | | Highly Profitable Design & Supply of Domestic Kitchens, Bedrooms and Bathrooms Confidentially offered for sale Ref No: IK216 Location: South West Wales Leasehold Asking price: £130,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 37735
ADVERT IMPRESSIONS : 182,904 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £130000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This well known and respected business was established in 1998 and specialises in kitchen, bedroom, bathroom design and installation and has remained under the same directorship since that time. It has built a reputation for providing knowledgeable and well founded advise, superb and innovative designs, good quality suppliers, plus a broad range of tiles, taps and fixtures and fittings. The business is supported by skilled installation teams who work on a self employed basis but who have been associated with the company for many years.
The design, supply and installation of fitted kitchens represents circa forty percent of its revenue streams. Unlike some similar operations it doesnt just supply fitted kitchens. It also carries an excellent range of bathroom, wet room and shower room displays plus some bedroom units. The net result is the ability to re market previous customers with additional products and opportunities. This has provided a broad business base that has been the policy of the company since its inception. It does not operate in the discount market with an average order being in the region of six to eight thousand pounds. Its customer base is spread in a radius of around thirty five miles from its showroom but on occasion it has supplied customers in England and Northern Ireland.
Equipment:
The company has invested in a CAD design software package.
Customer Service:
It is not surprising that much of the business comes through the door by referral from satisfied customers. Installation takes place approximately four weeks from the order being placed. Customers pay for the goods on delivery and fitting is settled on completion. The company does not presently offer credit facilities.
Key Strengths:
Well established with an excellent local reputation
No borrowings
Well appointed and easily accessible premises
Controlled overheads
Broad product range
Employees:
Two directors
One employed fitter
Teams of self employed fitters on demand.
Advertising and Marketing:
The business has been very active in advertising itself in a number of local media. These include three local and regional papers and a long running campaign on the local radio station.
Premises:
The modern leasehold premises are located on a small business park within three minutes of the main dual carriageway across the region. It occupies a double unit one of which is used to carry a balanced amount of stock. The other plays host to around thirty five displays of all description in a well lit showroom that also contains the administration office. There is ample parking to the front of the building. The premises cover approximately four thousand square feet. The lease is in place on a six month rolling basis and commands rent and rates totalling circa £26,300:00
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 company enjoys a turnover in the region of £340,000 with gross profits being circa £165,000. There is an asset value of circa £80,000 which includes displays and stock.
Reason for Sale:
The directors have enjoyed a long and successful career building and running this business. They now wish to retire and to pass it on to a fresh and energetic generation of directors to take it to the next stage in its growth curve.
Support and Training:
There will be a full and professional handover of the business for a period to be agreed as part of the overall sales negotiations.
| | | | | | FOR SALE | | | | | REFERENCE: | IK216 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
