Ceramic Tile Showrooms, Retail And Fitting Of Ceramic Tiles, Tools And Accessories Plus Suspended Ceilings | | Undisclosed East Sussex | | Ceramic tile showrooms, retail and fitting of ceramic tiles, tools and accessories plus suspended ceilings Ref.GE066 Location East Sussex Asking Price £65,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48158
ADVERT IMPRESSIONS : 23,627 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £65000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Established for over twenty five years, with a prominent outlet on the main thoroughfare into this very busy town on the East Sussex coast, this business is one of the best known tile retailers in the area operating in both the commercial and domestic markets. The business has a catchment area of approximately twenty five miles radius.
Well known for the supply and installation of suspended ceilings – the only company in the immediate area able to provide this service - this outlet’s core business however, is the retail of ceramic tiles, tools and accessories including adhesives, grout and sealing products to both the domestic and trade sectors. This business can also arrange fitting through a number of tried and tested sub contract fitters with which this business has worked for a large proportion of the time it has been in operation. Such is the strength of its relationship with its trade customers the business operates a number of informal trade accounts – with accounts settled promptly and without exception at the end of each calendar month.
A business philosophy of selecting only the best products and from many different sources at once, has been at the core of this business’s success which has seen many of its local competitors come and go during its many years of operation. Having in the past imported directly from overseas manufacturers, the business now takes advantage of the accounts it has with several leading wholesalers – capable of delivering to customer order within just a few days.
As well as excellent choice and competitive prices, this business prides itself on its superior levels of customer service, offering friendly and helpful advice. The business offers free home or site visits together with design layouts.
With turnover for the financial year ending January 2009 of almost £135,000 generating gross profits of £56,100 and net profits of £23,400 after small Directors’ salaries, this business represents an excellent opportunity to acquire a very well established outlet and is an excellent ‘starter’ business for a new entrant into the sector or alternatively should be attractive to an existing operator looking to extend their presence in the ceramic tile marketplace.
Key strengths:
This is a very stable business that has over the years of its operation exhibited a steady financial performance represented by consistently healthy margins – approximately 40% to 50% on certain ranges. It is a full service outlet offering a full design service and supply, right through to fitting by very highly qualified, expert and experienced sub contract tradesmen.
If the key to the success of any retail business is ‘location’ then this business cannot be anything but successful. Well established, the outlet is prominently situated on a major thoroughfare into town, benefiting from high volumes of passing trade. generating consistent levels of top of mind awareness and good footfall.
This business offers a very potent combination of choice through a wide range, competitive prices and high levels of customer care – encouraging its customer base, particularly its trade base, to return time and time again. It has a large volume of ranges on display at any one time and strong relationships with its wholesale suppliers ensuring availability within just a few days of placing an order.
Key opportunities:
There is an outstanding opportunity to build on the existing activity levels and customer base of this business. With a strong demand for the services of this business, a new owner contributing fresh ideas, motivation, enthusiasm and additional resources, will have every advantage of building on an excellent platform.
Whilst there can be no doubt that the retail market for tiles has become increasingly competitive – particularly with the growth of the major Corporates such as Topps Tiles and the DIY sheds, there will always be a market for the niche retailer offering a large volume of ranges, combined with high levels of customer service.
There is certainly scope for increasing the volume of tile fitting work the business does – by increasing marketing and advertising, for example, as well as leveraging the excellent reputation the business enjoys to open additional outlets to extend its area of operation.
Premises and location:
The business currently operates from very well known and well suited premises of approximately 100 square metres comprising a split, well stocked showroom area of almost 80 square metres with a small office area and storage making up the remainder of the space.
Rent is less than £500 per month with Rates of £116 per month.
There is ample, free street parking within easy reach of the outlet.
Business hours:
The showroom is open between 9.00am and 5.00pm, Monday to Friday and between 9.00am and 3.30pm on Saturdays. The outlet is closed on Sundays.
Marketing and advertising:
Being in a prominent position, located as it is on a major thoroughfare carrying large volumes of traffic into town – and the fact it has been established for over twenty five years, are far and away this business’s best advertising hoardings.
What advertising the business undertakes is represented by frequent display ads in the local press and local glossy magazines. The business also has a very well designed and informative website that performs very well in all of the major search engines for all appropriate search terms, however, the most cost effective form of marketing for the business is the strong word of mouth recommendation this business enjoys amongst its enthusiastic and extremely loyal Client base.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for the financial year ending January 2009 was almost £135,000 generating gross profits of £56,100 and pre-tax net operating profits of £23,400 after salaries of £4,500.
The Asking Price of £65,000 is for a sale of the assets and goodwill in the business based on a stock value of £3,200.
Employees:
The current Owner is responsible for the day-to-day running of the business supported by a part time Sales Assistant, working two days per week.
Support and training:
The owner is happy to assist with full hand over and the training to ensure a smooth transition of the business to its new owners.
Reason for sale:
This is a genuine retirement sale. | | | | | | FOR SALE | | | | | REFERENCE: | GE066 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
