Annual Turnover: £1,597,776
Hilton Smythe welcomes to the market Premier Plumbing and Heating Supplies Limited, successfully run and managed by our clients since its establishment in 1997 and very reluctantly comes to the market due to other business interests.
Over the years the business has been carefully controlled and nurtured by the present owners into the fine establishment it is today, profitable, well established and highly respected, benefiting from an extremely loyal customer base.
The business offers a full range of plumbing, heating and bathroom equipment to both trade and domestic customers across the Avon, Somerset and Wiltshire areas.
The business supplies both trade and retail customers with independent advice on all manners of the plumbing business along with; supplying and fitting boilers, bathrooms, showers, radiators, and taps, the business also stocks heating spares, tiles, bottled gas in addition to a very extensive range of plumbing accessories.
Along with being local stockist of plumbing equipment, the well trained staff, with over 50 years of industry experience, offers regular and repeat customers independent advice, little wonder sales have increased by fifteen per cent on 2012.
From the recently extended showrooms in Radstock and Wells, the business is able to offer customers a wide variety of bathroom, plumbing and heating supplies from many leading manufactures, from contemporary through to traditional, with a vast selection of suites and accessories to suit all tastes and budgets.
The business prides itself on going that extra mile for the customers, ensuring that all requirements are met and all aspects are taken into consideration with regards to both space and suitability when undertaking a new plumbing project.
Premier Plumbing and Heating Supplies presents as a long established, prestigious, successful and very profitable business.
The owners have recently installed a new instant stock control computer program with new hardware.
Included in the sale of the business are two vehicles; a Mercedes Vito and two Ford Transit Connect Vans.
This is a rare opportunity to develop further an extremely prestigious business to the next level.
The business operates for two separate sites; the first site is located in Westfield, Radstock, within the idyllic surrounding of Somerset. The second site is located in Wells, Somerset.
Westfield approaches the retail centre of Radstock and shares a number of characteristics. Westfield has expanded along the key transportation corridor to Wells, Glastonbury and the Mendips
Wells is a cathedral city and civil parish in the Mendip district of Somerset, England on the southern edge of the Mendip Hills. Although the population recorded in the 2001 census is was 10,406, it has had city status since 1205. It is the second smallest English city in terms of area and population after the City of London although, unlike the latter, Wells is not part of a larger metropolitan conurbation, and is consequently described in some sources as being England’s smallest city.
The distance travelling between the two sites is approximately ten miles.
The two business sites are easily accessible from the extensive motorway network M6, M5, M4 and M40.
Both business locations are extremely clean, bright and very well maintained.
The business unit in Radstock briefly comprises of a purpose built unit. Within the unit is the counter area along with a large open warehouse displaying a vast array of bathroom and plumbing accessories, racking is abundant in the warehouse. As well as a new van Our clients have recently installed a new 7 station computer system in this branch.
The well equipped business office, with single door access, houses four P.C’s, invoice printer, photocopier, franking machine along with the necessary filing cabinets. Fitted surfaces, used as desks are on two walls. The office benefit from an abundance of natural light.
The ground floor dispatch area has shutter access. A dedicated area is set aside for dispatching customer orders. Leading just off the office is the fitted kitchen housing a fridge, dishwasher and sink delivering hot and cold water, the w.c. sits alongside.
The second unit in Wells comprises of; a single unit containing large dispatch area with heavy duty racking on the walls. The kitchen is situated off the warehouse area and comprises of; fitted units, fridge, microwave and sink with hot and cold water supply and have recently installed and a twin system in this branch.
A fantastic mezzanine showroom displays an extensive range of bathroom sets/showers/sinks and toilets, beautifully arranged for customer viewing. To the rear of the vast bathroom display lies a storage area on the mezzanine, which is accessed via a metal staircase.
The L shaped counter area houses a P.C., invoice printer and till, all covered by the CCTV system.
The warehouse is fitted with shelving/racking, displaying plumbing equipment and every accessory imaginable. Access to the warehouse is via a secure door to the front of the premises, shuttered access installed to the despatch area.
Both premises display prominent signage.
We are advised the business is Leasehold. Rent £16,000 per annum.
The business observes the following trading hours:
Monday to Friday 7.30 am to 5.00 pm
Saturday 8.00 am to 12 noon
The business is owner run and managed with the assistance of 6 staff.
According to the 2019 accounts, the business reports an extremely healthy turnover of £1,650,517 per annum, with a gross profit of 31%.
The asking price is for 100% shareholding in the Company, however this does not include the Companies cash at bank.