Bathroom Supply & Installation With Payback Under 2 Years | | Undisclosed Buckinghamshire | | BUCKINGHAMSHIRE BATHROOM SUPPLY & INSTALLATION WITH LESS THAN 2 YEAR PAYBACK 1200 sq ft premises located on main road Full service from design to installation A/T: £293,857 GP: £94,781 NP: £58,981 Excellent scope for expansion L/H: £115,000 +SAV REF: 9992HP | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61766
ADVERT IMPRESSIONS : 14,016 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | LEASEHOLD: | £115000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is ideally located on a busy main arterial road of an affluent town in Buckinghamshire.
HISTORY
The business was founded originally over 25 years ago with the present vendor owning it for approximately 2½ years
REASON FOR SALE
The business is only now being reluctantly offered for sale to enable him to pursue an alternative unrelated business venture
PRODUCTS
The business offers a varied service from supply only to design and supply and also design and installation
Following initial site visit to assess the requirements and to carry out a survey, a CAD design is produced and a quotation given.
The installation is project managed from start to finish, to ensure complete satisfaction
All purchases are from leading suppliers such as Laufen,
Imperial, Vitra, Matki, Ideal and Bauhaus to ensure quality is maintained
CUSTOMERS
The business has an excellent local reputation with a very high referral rate from other satisfied customers
Circa 90% of clients are within an approx 10 mile radius of the showroom with the remaining being no more than 20 miles away
STAFF
The vendor works full time in the business with the part time assistance of his father who works 3 days a week
They carry out the day to day running of the business including ordering, the preparation of quotes and bathroom designs
All the fitting and other services are sub contracted
TRADING HOURS
Weekdays 9am to 5pm
Saturday: 9am to 4pm
FINANCIALS
2011 2010
Sales 293,857 221,104
Gross 94,781 66,641
Net 58,981 27,595
Stock holding: £500
The vendor is prepared to work with a new owner to ensure a smooth transition and to give any training which may be required on the design system.
PREMISES
The business operates from a smart and stylish double fronted showroom arranged over 2 floors, which briefly comprises:
Ground floor entry into the showroom with approx 16 bathrooms on display together with 4 shower settings. Many of the displays have down lights above them which are left on in the evenings, to give an excellent high visibility display when the showroom is closed
The premises has a very good ambience and are decorated to a high standard following a complete refurbishment, which was carried out in 2009
The premises has a suspended ceiling, the flooring being a mix of tiled, carpet and wood to suit the setting
To the rear of the showroom is an open office, w/c and a further rear office and kitchen area
Down stairs is a large basement workshop / stores area which has easy access to the rear service road. This has a full height roller shutter door so a vehicle could easily be unloaded or even parked inside.
There is a side w/c
There is ample on road pay and display parking close to the showroom as well as a pay and display car park to the rear
SCOPE
Expanding the working area
Bringing in house the fitting/installation functions
Carry out more advertising as only minimal is done presently
The business could also fit kitchens
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
STRENGTHS
An extremely well established business which has been trading for over 25 years
Outstanding showroom of circa 16 bathrooms and 4 shower settings
There is little local competition in the town
Excellent high visibility location in an affluent area
Normally has approx 2 months work ahead at any one time
High net profit of circa 20% of sales
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9992HP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
