Thriving Kitchen Fittings Services Luton Price Reduced | | Luton Bedfordshire | | Phoenix Business Transfer Agents are delighted to place onto the market this well operated Kitchen fittings concern which has been established since 1983. The business has been in the hands of the current owner since 1995 and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46329
ADVERT IMPRESSIONS : 11,315 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | ASKING PRICE: | £300,000 | FREEHOLD: | £300,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the Wardown Park area of Luton in Bedfordshire
- Prominent location on main arterial A6 road
- Excellent parking facilities outside the premises
- Industrial estates and retail parks nearby
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of trade gained through locally situated large DIY chains.
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with central Luton and good railway links.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £155,350 with a net profit of £44,299. (See financial summary below). This is very impressive considering the credit crunch which has affected the industry profoundly.
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- Would ideally suit owner operator already in the industry.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well operated Kitchen fittings concern which has been established since 1983. The business has been in the hands of the current owner since 1995 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a kitchen worktop fitting service which gains a great deal of business from locally situated national DIY stores who can’t offer the same service and refer many customers.
Staffing
The concern employs one part time staff. He is paid at the rate of £300 per month. All staff would stay on after a sale.
Owners Role
The owner works full time five days per week.
Marketing
The owner markets the business in a website which has only recently been set up and has much scope for development.
Competition
As far as competition is concerned there isn’t any within the large town of Luton
Market
The client base consists of referred customers from local DIY stores
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include 6 to 7 days per week.
• Increasing the product line to include fully fitted kitchens.
• With an enhanced website.
• By expanding the operation and taking on more staff.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is in a prominent corner position and is approximately 2,463 sq ft. The front is branded with an attractive glass front.. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear are a store rooms and a fully equipped work shop. There is a staff toilet and wash room.
First Floor
On the first floor there is an impressive 2 bedroom flat with independent access.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000
External
To the front there is easy and free parking with a small forecourt area that can be used for display and advertising and parking for a company van.
To the rear there are store rooms and a workshop with double gated access to a courtyard.
Financial Details
The present turnover is £155,000 per annum with a gross profit of £97,086 and a net profit of £44,299. The wages are £300 per month.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday: 8.00 am to 4.00 pm. Saturday: 9.00 am to 1.00 pm. Sunday: Closed
Tenure
The business is Freehold including the two bedroom flat.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £400,000
Ref: 1584 | | | | | | FOR SALE | | | | | REFERENCE: | 1584 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
