Summary
- Asking price:
-
£349,000
- Sales revenue:
- £870,000
- Net profit:
- £140,000
- Employees:
- One of the owners works full time in the business, while his wife works on a part time basis. In addition there are five full time staff, three of whom are fitters and two are office administrators. There is also a good reliable pool of trade sub-contractors available to ensure all jobs and projects are completed on time and in good order. These comprise of tilers, electricians, plasterers etc.
Business description
After several years heating and plumbing experience the owner established this business in 2000, moving to the current premises four years later and in this short space of time this business has rapidly grown to become one of the largest operators in the area, specialising in the supply and fit of quality mid – high end bathrooms. They also offer a complete design service as well as offering a supply only option.
With easily accessible premises and plenty of free on road parking, this showroom offers an excellent buying experience amid the wide ranges and choices on show, covering all aspects of the products and accessories. The lay out and ambience of the showroom reflects the quality of the designs and products offered and this, combined with the assistance of the experienced and knowledgeable staff, provides a buying experience that makes it easy and pleasurable for customers to place orders with complete faith in the ultimate outcome of the installation. A professional and quality service and experience throughout.
From initial enquiry, to full design, to complete installation and full after sales service and maintenance, this is a well known, reliable and reputable company that constantly engenders complete confidence and satisfaction from their customers. This becomes even more apparent as the orders progress to installation, with the courteous and experienced fitters and trades people on site. Indeed it is this constant attention to detail and the ethos of always ensuring every job is completed on time and to the highest quality that leads to so many satisfied customers. These happy customers not only become good repeat business, but also superb sales ambassadors for the business, thus ensuring a constant flow of new referral business.
Property information
- Location:
- Located on a busy main road with easy access and plenty of free on road parking this is a highly prominent retail showroom with a glass double frontage leading to a superbly fitted and laid out showroom that illustrates the high end value of the products on display. The attention to detail and ambience of the showroom is certainly conducive to an easy and pleasurable buying experience for the customer.
In addition to the top quality showroom there is an office, kitchen, w/c and rear exit leading to the rear yard that has a portakabin with another two offices. Also in the yard are three 20ft secure metal storage containers.
The showroom is on a 12 year renewable lease, expiring in 2017, with rent reviews every 3 years. Current rent is a very reasonable £16,000 per annum with rates payable of £4,000 per annum.
Separate to this is a fully secure warehouse located in an industrial storage area with loading facilities as well, located just 2 minutes walk away. This is on a 6 month rolling licence and is at £6,000 per annum, fully inclusive rent.
Other information
- Expansion potential:
- The current market for this business’s service is stable and is forecast in the longer term for significant growth, as proved currently by levels of high demand. The business is well positioned to take maximum advantage of this growth as it occurs. Furthermore because of the market sector served and the affluence of the area in which they are located, this business is less likely than most to suffer from any adverse financial market conditions.
- Competition / Market:
- The business has used regular advertising in the past in local free publications and yellow pages listing but there are excellent opportunities to widen this activity and to consolidate an internet website, or interactive website presence, to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service that has always ensured a constant stream of repeat business and strong word of mouth recommendations resulting in a great deal of new referral business.
- Support & training:
- The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
- Reasons for selling:
- The owner has several other lucrative business opportunities that he now wishes to pursue.
- Trading hours:
- Monday – Friday 9.00 – 5.30 Saturday 10.00 – 4.00
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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