Heating & Plumbing Retailers Plustrade Sales For Sale

Business description

The owners established this business early in 2004, following which this business has grown steadily, generating turnover of over £1.5million, for the most recent year for which figures are available and has achieved this with the two owners and just two full time staff.

The cornerstone to the success of this business is its honesty and integrity, this business prides itself on the quality of products supplied and on the service that all customers receive, be they knowledgeable traders, or customers with limited knowledge. As a result a large proportion of work for this business arises from excellent referrals and recommendations from satisfied Clients, testimony to the excellent reputation this business has established throughout the years of its operation for providing a very high level of customer service at a very competitive price.

The company offers a wide range of products to meet all heating and plumbing criteria. They offer products to satisfy all budgets and products include plumbing and heating systems, boilers, cylinders, radiators, controls and fires, kitchen gas appliances and showers, all by leading manufacturers.

Turnover has continued to grow at a healthy rate over the previous years and market conditions continue to flourish in this sector of the industry. The business is able to supply to the commercial and domestic markets and also supplies to the trade.

The company has a superb location with an attractive showroom. Customers can choose from a wide display of products on show, many of which are kept in stock allowing for a speedy and efficient supply for the customer, which enhances the company’s excellent service reputation. The showroom is located on a busy main road, on a main bus route with a constant flow of foot and vehicular traffic passing the door. It is bright and well presented with attractive displays on view and is in the middle of a densely populated area.

Customer Service:

This business maintains an extensive and loyal base of satisfied clientele who appreciate prompt, friendly service, reliability, convenient hours and reasonable, yet competitive prices.

Unlike many competitors the business will not compromise on service to customers, or the quality of products on offer, there is little doubt that this has encouraged and sustained client confidence and loyalty. The business offers high quality customer care from friendly staff, cultivating a warm and welcoming atmosphere.

Equipment:

There are two sign written vans included in the sale as are all fixtures and fittings etc.

Key Strengths:

This business is founded on the hard work and dedication that the current owners have put in over the years to develop the company to its current size. The business offers experience, value, quality parts and materials at very competitive rates and maintains a regular and loyal customer base. It has an excellent reputation for honesty and integrity. This business does all that is necessary to ensure a satisfied Client, often being called upon to work in demanding environments and on very tight schedules particularly within the commercial and domestic sectors. Many of its extremely capable, highly trained and qualified engineers have been working with the same customers of this organisation for many years.

The company has very little competition in the local area and has a huge database of clients, many of which have passed on, by word of mouth, recommendations to potential new clients.

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 business has enjoyed growth year on year and current turnover is in excess of £1.5m per annum. The business is very stable, well established and has continued growth potential. This represents an excellent investment opportunity to a new owner.

Property information

Property:

Leasehold

Lease terms:

rent of £30,000 per annum on a 15 year lease, expiring in 2024 with 5 yearly rent reviews, are well worth seeing.

Location:

Leased retail/showroom premises with storage, retail and trade counter, rear yard and free parking, with separate unit 2 doors away providing storage at rent of £30,000 per annum on a 15 year lease, expiring in 2024 with 5 yearly rent reviews, are well worth seeing.

Business Operation

Expansion potential:

This is an outstanding opportunity to build on the existing products, services and customer base of this turnkey business. The foundations for the next period of growth are already in place, and with a new owner contributing fresh ideas, energy and enthusiasm the business will reap the benefits in terms of turnover and profit.

The current owner suggests that the strong demand for the services offered will continue and new avenues of business can be obtained, including the increase of the contract maintenance side of the business and expanding into the new build and development sector of the marketplace. The other area of industry that will benefit is the fitting of solar heating. The government have announced that financial help and grants will be forthcoming in the near future to help reduce our carbon footprint. This can only lead to an increase in solar heating systems in the household.

Competition / Market:

Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign, including the creation of a website, would certainly improve sales and profitability and will increase its market exposure and revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer bank represents.

Reasons for selling:

He owners have other significant business opportunities they wish to pursue.

Trading hours:

Monday – Friday 7.30 – 6.00
Saturday 8.00 – 5.00

Employees:

Both owners work full time in the business and in addition there is a full time drive and a full time shop assistant.

Years established:

2004

Other information

Support & training:

The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.