Plumbers Merchant In Shropshire For Sale

Business description

Established in 1984 this Plumbers Merchant trades as Retail and Trade specialists from two sites with an extensive range of products including Bathrooms, Kitchens, Shower rooms as well as Plumbing and Heating supplies

Its business split is fifty percent trade and fifty percent retail giving a well-balanced customer base and a strong client databank.

The business has excellent supplier relationships that provide good discounts and next day delivery standards.

The operation holds around half a million pounds worth of fast moving stock.

They have never compromised on gross margins to achieve their strong trading position.

The business runs a software package called Profit IT Plus which handles everything from stock control to bar coding and invoicing.

Customer Service:

The business has a well-established trade customer base to complement its retail clients. Their loyalty is due to the wide range of products and ancillary items, competitive pricing and experienced and knowledgeable staff who have been with the company for some time.

Key Strengths:

Excellent showroom premises and locations
Long established company
Financially strong and profitable
Regular returning customer base
Wide catchment area
Friendly, experienced staff

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 company enjoys an annual turnover exceeding £1,900,000 per annum, the Gross Profit exceeds £485,000 per annum with Shareholders funds of circa £800,000.

Net profits and further financial information will be made available on request and subject to ongoing negotiations.

Property information

Property:

Freehold

Location:

The main trading premises are located on a central business park close to the town centre, with own carpark.

Large showroom with 20 bathrooms on display together with kitchens displays.

The second premises are a shop on the high street of a local town. It is double fronted building on three levels with a yard and warehouse.

Business Operation

Competition / Market:

The business is active in keeping its profile high. It advertises in the local press, Yellow Pages. It regularly carries out direct mailshot campaigns and letter drops and the company driver carries brochures and does random site drops when ever a building project is spotted during the course of normal deliveries. The company website is designed for simple, user friendly, to the point, easy to use,. The website is fully secure and confidential giving clients total peace of mind and offers the convenience of using the service at home or at work, 24 hours a day, 7 days a week. The website is divided into separate categories with an easy search and find facility.

Reasons for selling:

The key director has decided to take early retirement and move abroad.

Employees:

13

Years established:

1984

Other information

Support & training:

There will be a full and professional handover for a period to be agreed as part of the overall sales negotiations.