| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 12,984 TIME(S)
BUSINESS REFERENCE : IK145 / RightBiz BATHROOMS & ACCESSORIES INSTALLATION & RETAIL | | | | | | Bathrooms & Accessories Installation & Retail A comprehensive stock and supply of basins, W/Cs, bathroom suites, taps, wastes, radiators, towel rails, boilers, shower pumps, cloakroom basins, sanitary ware etc Ref no: IK145 Confidentially offered for sale Location: Berkshire Asking price £185,000 | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £185000 | | | | | | | | | | | BUSINESS DETAILS: | This business was founded in 2003 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and variety of its products, brands, retail & installation service and reliability.
The business occupies easily accessible premises on a busy trading estate with significant, glazed frontage with the retail showroom on the ground floor and an office on the first floor mezzanine. The business retails most of the main manufacturers of bathrooms and an extensive collection of bathroom and plumbing accessories to the general public. The portfolio stretches across the spectrum from the traditional to the highly ultra-modern and contemporary.
The business has consolidated an enviable position in the region since it has established its business operations around the installation of bathrooms and accessories that they supply only and have not found the need to limit commitments in regard to installation since demand is proving beyond the resources of the business to cope – an enviable position. The business, through excellent referrals, has proved successful in establishing trust with customers and enabling them to make a purchase decision based upon the whole service from variety in product to completion of their bathroom.
The vendor has been involved in the business since its first days of trading and can offer considerable advice and information concerning all aspects trading in the region.
The welcoming showroom currently displays on one floor, of approximately 500 square feet with a discrete 100 sq ft used to store accessories and supplies. Scope for expansion is currently under discussion with the landlord in regard to extending the building to the rear to provide extra storage.
The products are displayed in attractive settings, providing the customer with the fullest possible context for choice options that include toilets, baths, showers, screens, curtains, flooring, wall tiles and an extensive portfolio of accessories.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of service, leading to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.
The business has invested to a suitable degree in technology and has an up to date administration and accounting system. The business also benefits from a very small requirement for customer credit and essentially trades with deposit payments required and further stages until the final payment on satisfactory completion.
Customer Service
The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness such as free computer aided design and consultation on and off site. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.
Key strengths
A primary strength of this business is its broad portfolio of products and brands on offer combined with the quality and efficiency of an installation service of high repute, gives this business its competitive advantage.
The business is an organisation where the vendor has, over time developed and nurtured a name and reputation that has resulted in customer relations founded on a history of trading satisfaction and not contingent upon particular relationships with the vendor.
The business is well established and 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, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and experienced staff.
Growth and Expansion
The current market for this business’s service is stable and is forecast in the longer term for significant growth, as proved currently by levels of high demand. The business is well positioned to take maximum advantage of this growth as it occurs.
Key opportunities
This is an outstanding opportunity to build on the existing business levels, reputation and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in marketing including advertising and as yet underexploited internet opportunities, where the business has lacked in its aggression in the past.
Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient business.
Advertising and marketing
The business has used regular advertising in the past in local free publications and there are excellent opportunities to widen this activity and to consolidate an internet presence to market the business more aggressively and to significantly increase turnover.
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.
Employees
The business employs 1 administrative and showroom, full time staff member and a team of loyal installation sub-contractors, who together with the vendor are responsible for the day to day operations. The vendor currently manages customer enquiries and quotations, general management and installation management.
Reason for sale
The business is for sale as a result of the vendor’s belief that since the business is very well poised for growth, the time is right for him to sell and to take a well earned retirement.
Premises
The business is located in an easily accessible area in Berkshire and operates from a circa 800 square feet area including showroom, storage and office.
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 no borrowings, low overheads, positive cash flow, good gross and net profit and has shown consistent growth over 4 years of trading.
Sales revenue is circa £250,000 per annum with adjusted net profits of circa £60,000 per annum and the vendor feels that with investment in marketing and the expected increase in market demand the business could dramatically increase its revenues.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK145 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
