Freehold Bathroom And Kitchen Installation Business | | Undisclosed Essex | | FREEHOLD BATHROOM AND KITCHEN INSTALLATION BUSINESS Extremely well est business trading for over 50yrs High visibility location on a busy arterial road Excellent local reputation with a very high repeat and referral rate Consistent annual sales of circa £ | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70687
ADVERT IMPRESSIONS : 16,849 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | FREEHOLD: | £620000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The premises occupy a high visibility location on a busy main arterial road
Predominantly residential within an affluent town in Essex
HISTORY
The present vendor has been involved with the business for over 42 years
The business was originally founded by the vendors father approximately 50 years ago
REASON FOR SALE
The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
The business offers a full project managed installation from start to finish
Old units are removed, then a full a z service is provided with electrical, plastering, tiling, plumbing, painting and obviously installation
Whilst bathrooms account for approximately 80% of the jobs, kitchens cover the remaining 20%
CUSTOMERS
The business operates within an approximate 30 mile radius of the premises
Circa 90% of customers are retail with the remaining 10% being developers who operate on a supply only basis
STAFF
The two partners both work full time in the business
They employ two other full time staff
The business principally uses experienced sub contractors who are self employed to cover all the main trades such as plastering, electrical, plumbing, tiling etc
TRADING HOURS
Weekdays: 9am to 5pm
Saturday: 9.30am 3pm
Extra hours are worked if required to suit the individual needs of the customer
FINANCIALS
2009 2008
Sales £366,353 £380,641
Gross £265,783 £265,169
Net £53,270 £48,690
Stock holding £3,000
The vendors are prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to both staff and customers
PREMISES
Spacious and very well presented detached premises in the heart of an affluent residential area, they briefly comprise:
Entry into the showroom from the forecourt which can accommodate 2 vehicles, 16 bathrooms, 6 shower settings and a single kitchen on display together with a large selection of taps and floor tile boards
Spotlight ceilings throughout
Rear counter with stairs to first floor
Rear w/c
Store room
Side fire door exit
First floor:
o 3 spacious offices
o Bathroom
o Kitchen and stairs to loft storage
o To the rear of the premises are 2 single garages which are used for storage
o The premises are fully double glazed on the first floor only and also benefit from its own alarm system
STRENGTHS
An extremely well established business which has been trading for over 50 years
High visibility location on a busy arterial road in an affluent area
Excellent local reputation with a very high referral rate from other satisfied clients
Outstanding showroom of 16 bathrooms, 6 shower settings and 1 kitchen
Very experienced staff and sub contractors
Business concentrates on the middle to upper price range
Consistent annual sales of circa £370,000
The business has circa 2-3 months worth of work booked in ahead of them at any one time
SCOPE
This is already a very successful business, it does however, still offer excellent potential to increase both turnover and profits in the future by:
1. Expanding the working area beyond the current circa 30 mile radius of the premises
2. Update the business web site
3. Offer alternative products such as bedrooms, facia soffits and barge boards
4. Have a full trade counter for accessories
5. Sell on the internet
6. Should a new owner wish to re-locate the business elsewhere, planning permission exists to convert the premises into 3 spacious apartments
7. The cost of conversion is approximately £110,000 to £120,000 + VAT
o Included within the asking price is a Luton van with a tail lift on a 54 plate, a small Berlingo van on an 02 plate and a VW Transporter on an 06 plate
TENURE
Freehold
Rates: £2,636 per annum for both floors
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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) | | | | | | FOR SALE | | | | | REFERENCE: | 1240IG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
