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BUSINESS REFERENCE : IK153 / RightBiz KITCHEN & BEDROOM SUPPLIERS & FITTERS | | | | | | Kitchen & Bedroom Suppliers & Fitters Confidentially offered for sale Ref No: IK153 Location: Tyne And Wear Asking Price: £135,000 | | | BUSINESS LOCATION: | Undisclosed Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £135000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business which was set up three years ago has positioned itself in the mid/upper end of the market place, and has quickly obtained an excellent reputation in the North East for quality and service in the fitting of kitchens and bedrooms.
Turnover is growing and the company is preffered supplier to a number of building contractors, being invited to tender for more work than they can handle.
The company offers the public a free design service, with each design individually tailored to the needs of the customer.
Also as part of their excellent service policy a fitting service for appliances is available and free delivery within the local area.
Overheads in the business are kept to a minimum, helping to maximise impressive profit margins.
Customer Service
The company philosophy is to provide the very best product at the most competitive price possible. This shows by the number of testimonials received from satisfied customers. A high proportion of new customers are gained through reccomendations and word of mouth.
Key Strengths
The company has an ability to deliver their promise in line with the expected time scale, unlike many other businesses. They work to short lead times, give their customers an accurate and acheivable completion date and give superb value for money.
The fitting service & free local delivery service just enhances their customer proposition, making it an easy decision for the customer to purchase from them.
The showroom is modern, bright and attractive giving customers a good first impression of the type of quality work the company carries out.
Opportunities
The business has grown quickly over the past three years. The company have found a definate niche in the market place in their location. By also putting good business practices into operation, they have successfully built up a large and growing database of satisfied clients.
The current owner suggests that the on-line business can be developed. He has been so busy that little time or effort has been given to building this side of the business. He also points out that there are council contracts which could be tendered for. Up to now time constraints have meant that new opportunities to grow the business have been looked at but not taken as yet.
Marketing
Initially the business started by using local bus advertising and local radio and local press to start off their business. A one off charge was also paid to get the company web site at the top of Google Search. All of these mediums paid off in the short term and business has been excellent. Recently because of the amount of work taken on, advertising has been cut back, but could easily be switched on again to secure new business.
Premises
The showroom and storage are housed in a high quality out of town warehouse and industrial space with supporting offices. The unit forms the end of terrace and is built of traditional steel portal frame construction with part steel clad elevations, with roller shutter door.
It is approximately 400 sq. ft in total with room to put a mezzanine floor in if required. There is ample on site parking.
The lease is circa £5,052 per annum, on a rolling 3 months contract. Rates are circa £1,020 per annum.
Financial profile
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.
Last years turnover was circa £350,000.
Employees
The owner prepares quotations and pricing assisted by a designer who works full time and manages the daily showroom activities.
The company uses three teams of sub-contract fitters highly experienced in all aspects of kitchen and bedroom installation work.
Reason for Sale
The owner wishes to pursue other business interests.
Support and Training
The owner would be keen to facilitate a smooth handover to a new owner. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK153 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
