Freehold Kitchen And Kitchen Door Supplier For Sale

Business description

Freehold Kitchen and Kitchen Door Supplier offering a Full Design & Installation Service

This is an excellent opportunity to purchase a well established kitchen and kitchen door centre with beautifully appointed living accommodation situated above the shop. The shop is located just minutes from the town centre and has ample, easy access customer parking outside the front door. The premises are on two floors, the ground floor comprises of the kitchen showroom, warehouse, stockroom and administration office. Upstairs the living accommodation consists of a two bedroom flat with lounge, dining room, kitchen and bathroom.

The business was established in 2000 by the present owners and prides itself on the excellent choice of kitchens and doors it supplies to the lower to middle end of the housing market. There are over 20 displays in the showroom plus a vast choice of worktops, appliances, sinks, taps and other accessories to choose from.

Clients receive an excellent personal service from the owners, who are always on hand to advise them in making the correct choice according to their personal budget and requirements.

Following the in house kitchen planning and design, the installation is undertaken by one of a small team of hand picked, experienced and skilled sub contracters.

The business is profitable, easy to run with low overheads, and has grown consistently over the years.The small team of highly experienced staff maintain a friendly and personal service for their clients.

Customer Service:

Customer service is paramount to the success of this family business. Reputations are built and lost on how good the team are at client care. The company has earned its excellent reputation and position as a well trusted supplier of kitchens and doors in the North East, by sticking with their simple business principles from day one. They have strived to have the finest value for money ranges available in their showroom, whilst providing a second to none customer care, and achieving good business practice with sound advice. The results are easy to see with the majority of their clients coming to them by word of mouth recommendation

Equipment

All fixtures, fittings and displays in the shop, plus the fixtures and fittings in the upstairs flat are included in the asking price.




Key Strengths:

This business is the only kitchen retailer in the town and is located in an excellent shopping area within close proximity to the town centre and nearby to the main route through Teeside. The large attractive showroom window is perfect for the passing footfall to view the variety of kitchens on display.

The business has been developed in such a way so it can cater for the most demanding of clients. The large display of units on show is a distinct advantage in securing customer orders. The majority of the stock is purchased from a national distributor with appliances purchased from most of the major brand names.

Originally trading in complete kitchen supply and installation the business now also supplies and installs to a growing customer base looking specifically for replacement kitchen doors, which gives customers the ability to update their kitchens, whist reducing their total spend.

The business is well run with good cash flow and no bad debt. All units are paid for in advance before the fitting is carried out. They have an expertise and knowledge second to none in the kitchen and door market. There is excellent scope for growth within the company.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover is circa £181,000 per annum with net profits of circa £57,000.

Property information

Property:

Freehold

Location:

Downstairs;
A large high street showroom with over 20 kitchen displays on view plus a small office and a kitchen and toilet block. To the rear of the showroom there is a stockroom with work area and a warehouse fitted with roller shutter security doors. There is ample customer parking outside the front of the showroom and staff parking at the rear of the premises.

Upstairs;
The first floor comprises of a two bedroom flat with lounge, dining room, bathroom and fitted kitchen. The premises are double glazed with electric storage heaters. The flat is fully carpeted, with blinds, curtains and wardrobes throughout.

The premises were recently valued at £250,000 and could be used as living accommodation for new owners or as a rental income. Similar sized flats in the area are commanding rents circa £100 - £150 per week.

Other information

Expansion potential:

The company has grown steadily over the years and the owners believe that there is excellent opportunity for a new owner to take the business forward in the future.

Support & training:

The owners would be happy to help out with a smooth transition of the business and help in anyway possible.

Reasons for selling:

The owners would like to retire and believe this would be a perfect time for someone to take the business onto the next level.