Kitchen And Bathroom Studio Design & Installation | | Undisclosed Relocatable | | Kitchen and Bathroom Studio Design & Installation Ref.IK230 Location South Wales Asking Price £175,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 43306
ADVERT IMPRESSIONS : 142,875 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £175000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company was established twelve years ago by two individuals with a lifetimes experience in the fitted kitchen market place. They design supply and install kitchens to predominantly A, B, and C demographic households within a twenty mile radius of their well appointed town centre showroom. The average value of a kitchen is circa £11,000 with many being substantially more. . The business has just been awarded a contract to supply and fit seven kitchens for a new development of houses with market values of around £1,500,000. Each installation will have a value of circa £40,000 and the work will continue throughout 2011.
They have excellent trading relationships with a number of suppliers including Crown, Chippendale and Prentice who provide handmade cabinets. Electrical appliances supplied are primarily NEFF and Hotpoint. In recent months the company has included bathrooms and showers into their range and this is proving to be a worthwhile strategy.
One of the reasons that this company has flourished where many others have failed is the all round service that they offer. Every aspect of renewing a kitchen can be provided including all the ancillary services such as plastering decorating, plumbing, tiling, electricity and gas. In short when they leave premises the job is complete.
The business has deliberately chosen quality brands with efficient logistic operations giving fast delivery. Having agreed a design a twenty percent deposit is taken with a further seventy percent being paid on delivery and the remaining ten percent acting as a retainer until all work is completed to the clients satisfaction. The average time from order to installation is four weeks.
Equipment:
The business uses a range of standard software for their day to day business and has invested in Kitchen Drawer Software for design purposes. This has proved to be very popular with prospective clients
Customer Service:
This business gets seventy percent of its business by referral. This is indicative of the care it takes in each and every installation. The directors adopted a policy of having the fitting teams on the payroll of the company as they firmly believe that this gives them a market edge against those who contract out the crucial installation process.
Key Strengths:
Well established
Superb location
Excellent showroom
Quality products
Positive cash flow
Strong market presence
Growth and Expansion:
Demand remains strong for the kitchens and the recent addition of bathrooms and showers will give the company great opportunity to revisit their database of satisfied customers with their new offering.
Employees:
Two directors (retiring)
One company Secretary who does the accounts
One sales and design consultant
Two employed fitters
Sub contractors on demand
Advertising and Marketing:
The company have a positive approach to maintaining a high profile in the local region. They have a strong presence in the local press and have made very effective use of advertising on the local radio over a number of years. There is also a web site that is currently under review.
Premises:
The premises will be available on either a leasehold basis for a rental figure of £18,000 per annum or alternatively as a freehold investment opportunity subject to a suitable purchase price being agreed. The building is an attractive and immaculate Victorian structure with a double frontage and is located in a prime town centre position with excellent parking facilities close to hand.
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 generates a turnover in the region of £650,000 which reflects a gross profitability of circa £200,000. Profits before tax are in around £42,000.
Reason for Sale:
After a long and successful career the directors have decide to take early retirement.
Support and Training:
There will be a full and professional handover available to the purchaser for a period to be agreed as part of the overall negotiations
| | | | | | FOR SALE | | | | | REFERENCE: | IK230 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
