| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 83,021 TIME(S)
BUSINESS REFERENCE : IK161 / RightBiz QUALITY BATHROOM & KITCHEN RETAILER | | | | | | Quality Bathroom & Kitchen Retailer Full Supply and installation turnkey solution Confidentially offered for sale Ref No: IK161 Location: Liverpool (2 sites) Asking price: £300,000 plus sav | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £300000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company set up over 38 years ago by the current vendors specialises in the supply and installation of kitchens and bathrooms in the mid-range market. In that time the business has developed a superb reputation in the area and has grown into the successful operation you see today. It has two sites, strategically located in both the North and South of the city and provides a complete turnkey solution to its retail clients. It has been at its site in the South of the city since inception and opened the second site in the North some 7 years ago. In that time the business has grown into one of the city’s premier design centres for fitted kitchens and bathrooms. The business operates from two fabulous facilities with exceptional showrooms supported by market leading suppliers. Both premises are fully equipped with premier brand fitted kitchens and bathroom displays – an endless selection of finishes in all ranges, with choices in every area, right down to appliances, taps and handles.
Personal service and After sales care have been the key to the success of this business and something the current owner takes particular pride in. All customers are treated individually. The business offers free surveys and quotations and designs are produced using the latest CAD technology incorporating Plan-It software for kitchens. Once a design is approved the company will supply and fit the kitchen/bathroom utilising their own in-house fitters who have many years experience. Having traded in the city for over thirty-eight years this business enjoys a considerable repeat client base and an enviable reputation which brings referral work in on almost a daily basis.
The business is further supported by exemplary relations with premium brand key suppliers of the best reputation, who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in the market.
This business offers a wonderful acquisition opportunity for another home improvement company to benefit from the strong weight of name and unrivalled reputation as the long standing and product range is unmatched in the region and operates in the mid-range sector of the market that generates significant margins. This is equally a unique opportunity for a true entrepreneur wishing to embrace a business that enjoys and benefits from never-ending development of new products and an insatiable demand by the public.
Equipment:
Both sites have superb showrooms with a massive range of kitchens and bathrooms to choose from. The business also has a fleet of 4 vans as well as an extensive range of tools and software programmes including AutoCad, Virtual Worlds, Plan-It and Easy Quote, all of which are recognised leading solutions specific to the industry.
Customer Service:
The business considers simply that satisfied customers come back and on this basis has maintained levels of product and service quality intended to best guarantee this satisfaction. The results of this commitment are evident in the degree of return custom and the high level of new business coming from referrals. This is further cemented by the company’s own comprehensive guarantees of workmanship and after sales service which gives them a real edge in the market they serve so well.
The business is also able to offer customers finance facilities.
Key Strengths:
· Over 40 years successful trading
· Sterling reputation
· Referrals
· Full turnkey solutions
· In house fitters and tradesmen
· Superb high quality showrooms
· Variety and choice (all leading manufacturers)
· Full design capability (AutoCad, Plan-It and Easy Quote Packages)
This business is perfectly positioned and very image aware. It’s locations are high profile and their prominence guarantees access, visibility and footfall, the quality of the showroom plays no less a part in meeting customer expectation as created by the large and inviting branded displays.
It has established a reputation for quality products, a wide range and superior customer service, with free technical support and advice. This business covers the profitable mid – range market, with much of its product range being exclusive within a large geographic area. (Roca, Ultima, Jacuzzi to name but a few).
Growth and Expansion:
The business has enjoyed steady growth since inception and the current market for this business is strong. The business is well positioned to take maximum advantage of this growth as it occurs. The business has a huge database of satisfied customers who will almost certainly revisit the business in the future as and when they require further work, be it bathrooms or kitchens, such is the reputation this business enjoys. Further growth could simply be achieved by adopting a more pro-active approach to sales and marketing and developing some of the opportunities mentioned below.
Key Opportunities:
The business is constantly being asked to carry out full heating and plumbing as part of its service but currently sub-contracts this out. There is no reason why a new owner could not bring this in house as it would have a positive effect on turnover and profits and create an additional revenue stream. At present all sales are retail. There is no reason why this business could not target more lucrative commercial work as it has the knowledge and infrastructure to undertake it.
Employees:
As well as the owner who works within the business full time the business employs the following full time personnel.
5 Sales
1-Administrator
8- Fitters(including plumbers, electricians, tilers etc).
The business also has available a pool of trustworthy sub-contractors to call on as and when is necessary.
Advertising and Marketing:
The business currently undertakes a limited level of advertising via local newspapers and community bulletins, as well as occasionally utilising local radio. There are excellent opportunities to increase this and to develop a more interactive internet presence so as to enable online sales as well as to market the business more aggressively.
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.
Premises:
The business is run from two sites, one in the North of the city and the other in the South. Both are in very prominent positions on busy thoroughfares so enjoy very high levels of footfall and enquiries which more often than not are converted into sales due to the high quality showroom displays and expert advice.
Site one is positioned over two floors. The ground floor comprises the bathroom showroom with offices (circa 3500 square feet) with the kitchen showroom of very similar size situated on the first floor. The site is located on a very busy thoroughfare in the North of the city and has excellent shop frontage with good display areas. The premises are leasehold. Current rent is £10,400 per quarter. Rates are £800 per month.
Site Two is owned by the vendor and a new lease would be made available to the new owner. This is situated in a parade of shops on a busy street in the South of the city and spread over three floors. Bathroom and Kitchen showrooms are based on both the ground and first floor with the third floor currently being let out as offices. Delivery area, warehouse and offices are also on the ground floor. Rates are £800 per month.
Business Hours:
0900- 1700 Monday to Friday
0900-1600 Saturday
Closed Sunday
Security:
Both sites are secure, fully alarmed with roller shutters/grills.
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 consistently achieves turnover of circa £750,000 p.a. Resultant adjusted net profits are circa £90,000 p.a. Current stock(including showroom fixtures and fittings is circa £100,000).This family run business represents an ideal opportunity to invest in a well established reputable business with almost 40 years experience and goodwill.
Reason for Sale:
Semi-retirement and to pursue vendor’s other business interest.
Support and Training
The current owner will provide all necessary training and handover to allow continuity of trading | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK161 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
