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Business for sale in United Kingdom - Ik179-quality design, supply & installation of bathrooms, kitchens and fitted bedroom furniture

Asking Price: 195,000 £ Real Estate: Lease
Sales Revenue: 490,000 £
Net Profit: 40,000 £
Year Established: 2001
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon

Business types:

Retail

Business categories:

Furniture Stores

Business description

Established 2001, this independent family business design, retail, supply and fit bathrooms, kitchens and fitted bedroom furniture. The business offers a one to one service to customers ensuring they go out of their way to supply what is ordered. Conveniently located with easy access to road and rail links, this company services both the domestic and trade sectors and can boast a loyal customer base of private customers and developers and a steady retail order book that stretches months ahead. Specialising in a varied product range from £3,000 – £30,000, the company is competitive and offers excellent value for money for customers who can select from the existing company range of products or provide their own design for manufacturing, giving many options and no limit to what can be achieved. The business buys directly from a selection of distributors and is not dependent on any one supplier. Equally the business is not dependent on just public sales, the company also does work for developers and has major site projects in the pipe line to fit out in excess 24 homes The business has an excellent reputation for good service, excellent sales and high levels of workmanship and to support this, the business has fully embraced the latest technology, with a computerised design package. Used as very effective and efficient design and management tools, this technology has enabled the company to absorb significantly increased levels of business, without a corresponding increase in support staff, and, hence, overheads. This is a very well managed, bathroom, kitchen and bedroom business which combines the attributes of good growth and profits and a loyal, high quality customer base. With a forward order book stretching many months ahead, this represents an excellent acquisition opportunity for an existing operator within the kitchens and bedrooms sector looking for rapid expansion by acquiring this excellent operation. Customer Service: The company are proud of the service that is offered to customers. The results of this commitment are evident in the degree of return custom and the choice of this brand franchise by new customers over competitors Key Strengths: This is a very well managed business – built upon the owner’s extensive experience of working within the industry, supported by a highly motivated and committed team. It has been structured to supply competitively without compromising on service quality, which has been a key pillar in the company’s strategy from the outset. Having been in operation for over six years it is well established with a loyal customer base of predominantly local private buyers and developers and has an on-going order book, attracted by the business’s enviable reputation for high quality products, first rate service, competitive prices and reliability. This business is fully equipped with the latest design software enabling it to deal with far higher levels of activity than would normally be the case with its low overhead. Key Opportunities: With a strong demand for the products and services of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas, particularly in the areas of marketing and advertising will have every advantage of building on an excellent platform. There is certainly scope for continuing expansion – possibly by expanding product lines and for growth further a-field beyond the present area of operations. The owners recognise that investment in developing a company website would be a valuable asset.

Additional information

Additional information: Not Disclosed
Support & training: Support and training will be provided for the new owner.
Reasons for selling: The owner is looking to retire abroad.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The premises are leasehold and although the lease is due to expire, it is understood there will be no problems for a buyer to negotiate a new lease. Rent is currently £12,627 per annum, with rates of £2,830 per annum.
Location: The business currently operates from very well suited premises comprising well presented and bright two storey showroom facilities with large display windows, which are in a very prominent location, adjacent to a main road, giving easy access to Belfast and major towns. The Ground Floor is given over to showroom facilities with sales area, office accommodation, kitchen and toilet. To the first floor there is and additional sales area. Outside there is and enclosed compound for parking. The premises are leasehold and although the lease is due to expire, it is understood there will be no problems for a buyer to negotiate a new lease. Rent is currently £12,627 per annum, with rates of £2,830 per annum.
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