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CONFIDENTIAL SALE
FOR SALE
10/06/13
96847
AG136 / Rightbiz
Retailer and Installers of Gas and Electric Fires, Fireplaces, Woodburning Stoves & Solid Fuel Fires
Ref.AG136
Location Kent
Asking Price: £95,000
This business retails and installs a wide range of multi fuel stoves and a large selection of fires and fireplaces. The fireplaces are on display in the company showroom and feature surrounds in Cotswold Stone, Timber, Limestone, Granite and Slate.
Founded in 2005, the business has enjoyed sustained growth, attributed in part to being located in one of South Englands busiest garden centres, which attracts three million visitors per annum.
The company use only Gas Safe or HETAS registered engineers and operate a maintenance agreement for its customers of which there are currently circa 6,500 on its database.
Equipment:
All associated tools of trade are included in the sale, along with four vans.
Customer Service:
A substantial volume of new business comes from referals and the company prides itself on its customer care reputation.
Key Strengths:
Without doubt one of this company’s key strength is its location; having negotiated a large retail space within one of Kent’s largest and most successful Garden Centres, attracting over three million visitors per annum. Along with more than six thousand, five hundred happy customers on the data base the future growth pattern is assured.
The business works only with the best quality manufacturers and products available, following up to ensure installation dates are met and the company reputation is upheld.
Growth and Expansion:
Areas of expansion to consider includes online sales, chimney sweeping, gas fire servicing plus boiler service & maintenance, electrical testing and general maintenance to properties.
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.
Turnover circa c£482,000 per annum
Gross Profit circa £183,000
Stock £63,000
Premises:
Occupying a retail space of circa 1,500 sq. ft., the showroom is in a prime position within a major garden centre which attracts approximately 3 Million visitors per annum. There is also a large warehouse storage unit with a fully equipped Service Office.
Business Hours:
Monday – Saturday: 09.00am - 5.30pm
Sunday: 10.30am - 4.30pm
Employees:
An experienced team is employed who can fully advise customers.
2 x Directors – 1 of which is a HETAS registered installing engineer
1 x full time sales person
1 x part time sales people
1 x full time Gas Safe registered installing engineer
1 x full time HETAS registered installing engineer
1 x full time Service/Finance Administrator in Service Office
1 x retired part time warehouse operative working 1 day a week
Support and Training:
The directors are willing to stay on in order to facilitate a smooth handover and would be available to stay if required by separate negotiation.
Reason for Sale:
The company has grown organically and now finds itself at a crossroads; the current owner changed profession and decided it is an excellent time to pass the business on in order that it can be taken to the next natural level.
Looking for finance ?
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at [email protected]
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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