Bathroom Supply And Installation Payback Under Two Years For Sale

Business description

HISTORY

• The business was founded originally over 25 years ago with the present vendor owning it for approximately 2½ years

REASON FOR SALE

• The business is only now being reluctantly offered for sale to enable him to pursue an alternative unrelated business venture

PRODUCTS

• The business offers a varied service from supply only to design and supply and also design and installation
• Following initial site visit to assess the requirements and to carry out a survey, a CAD design is produced and a quotation given.
• The installation is ‘project managed’ from start to finish, to ensure complete satisfaction
• All purchases are from leading suppliers such as Laufen,
Imperial, Vitra, Matki, Ideal and Bauhaus to ensure quality is maintained

CUSTOMERS

• The business has an excellent local reputation with a very high referral rate from other satisfied customers
• Circa 90% of clients are within an approx 10 mile radius of the showroom with the remaining being no more than 20 miles away

STRENGTHS

• An extremely well established business which has been trading for over 25 years
• Outstanding showroom of circa 16 bathrooms and 4 shower settings
• There is little local competition in the town
• Excellent high visibility location in an affluent area
• Normally has approx 2 months work ahead at any one time
• High net profit of circa 20% of sales








DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

• The business is ideally located on a busy main arterial road of an affluent town in Buckinghamshire.

Premises details:

• The business operates from a smart and stylish double fronted showroom arranged over 2 floors, which briefly comprises:
• Ground floor – entry into the showroom with approx 16 bathrooms on display together with 4 shower settings. Many of the displays have down lights above them which are left on in the evenings, to give an excellent high visibility display when the showroom is closed
• The premises has a very good ambience and are decorated to a high standard following a complete refurbishment, which was carried out in 2009
• The premises has a suspended ceiling, the flooring being a mix of tiled, carpet and wood to suit the setting
• To the rear of the showroom is an open office, w/c and a further rear office and kitchen area

• Down stairs is a large basement workshop / stores area which has easy access to the rear service road. This has a full height roller shutter door so a vehicle could easily be unloaded or even parked inside.
• There is a side w/c
• There is ample on road pay and display parking close to the showroom as well as a pay and display car park to the rear

Business Operation

Expansion potential:

• Expanding the working area
• Bringing in house the fitting/installation functions
• Carry out more advertising as only minimal is done presently
• The business could also fit kitchens

Trading hours:

• Weekdays 9am to 5pm
• Saturday: 9am to 4pm

Employees:

• The vendor works full time in the business with the part time assistance of his father who works 3 days a week • They carry out the day to day running of the business including ordering, the preparation of quotes and bathroom designs • All the fitting and other services are sub contracted