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Somerset Plumbing & Bathroom Supplies Retailer with £2.18M Turnover for Sale

Undisclosed, Somerset

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    15/02/17

  • Advert ID

    188136

  • Reference

    z-1507 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £2,181,836 (£41,958 Per week)
  • Net Profit: Not Applicable

Business Details

Plumbing and bathroom supplies retailer

Business
Please quote reference Z-1507

Based in the South West, the company offers a comprehensive range of plumbing, heating and bathroom supplies from leading manufacturers to both trade and domestic customers.

Established in 1997, the company offers a comprehensive range of plumbing, heating and bathroom equipment from leading manufacturers to both trade and domestic customers. At present, the business operates from two branches, both of which are equipped with attractive showrooms. Throughout the company’s 25-year history, it has built up an enviable client base, and has developed an exceptional customer service record with uniformly positive reviews on Google and Facebook.

The company’s remarkable financial profile bears testament to the quality of the products and services provided, with an outstanding turnover of £2.2M and a gross profit of £481,584 (as per the 2023 accounts). Indeed, the business has a proven history of organic growth, with turnover having increased significantly from 2021.

The business offers an array of products and services that is liable to be expanded, including:

  • Plumbing materials;
  • Renewable energy equipment;
  • Heating equipment;
  • Tools;
  • Tiles;
  • Bathroom furniture and sanitaryware.
The business has a lot to offer the prospective buyer, including:

  • A proven history of growth and an impressive financial profile;
  • An established client base (75% of custom represents repeat business);
  • Long-serving staff, with over 50 years of collective industry experience;
  • Experienced managers in place who can operate the business independently of the shareholders; 
  • Two purpose-built units with attractive showrooms;
  • Included in the sale of the business are two vehicles – a Mercedes Vito and a Ford Transit Connect van;
  • Ample scope for growth – e.g. via expanded online sales and entry onto e-commerce platforms (e.g. eBay), and via expanded product ranges;
  • Buoyant market – the market size of the Plumbing, Heating & Air Conditioning Installation industry in the UK has been valued at £18.7bn with further scope for growth in 2024.
Highlights - 

  • A proven history of growth and an impressive financial profile;
  • An established client base;
  • Long-serving staff, with over 50 years of collective industry experience;
  • Experienced managers in place who can operate the business independently of the shareholders; 
  • Two purpose-built units with attractive showrooms;
  • Ample scope for growth;
  • Buoyant market.
Opportunites -

  • Expansion of product range;
  • Increased focus on renewable energy supplies;
  • Entry onto e-commerce platforms; and
  • Strategic marketing (e.g. email campaigns).
One of the shareholders is happy to offer a handover period to ensure a smooth transition.



Location
Located in the South West Of England. 



Premises
Operating out of rented premises. 



Tenure
Leasehold basis. 



Hours
Due to the nature of the business, it operates all year round. 



Staff
Experienced team of staff in place. 



Financial Profile
  • Financials IRO £2.2m
  • 100% share capital
  • Interested parties will be required to sign an NDA


Read more

Contact Agent

Contact the seller for more details, or book a viewing

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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.

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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.

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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.

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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.

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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.'.

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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.

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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.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Plumbing and bathroom supplies retailer - z-1507 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.