Established Kitchen And Bedroom Company For Sale

Business description

A professionally managed independent retail and installations business, serving both the private retail and commercial residential building and development sectors. Operates from attractive showroom and offices in a busy south coast town.
Fully trained staff along with the latest planning and design software and the market leading business and operational management systems have all contributed to the Company having an enviable reputation for top rate service and quality products, which, in turn has been acknowledged by a number of accreditations.
In addition to the core "supply and fit" activities, the Company has recently diversified into e-commerce, via the direct sale of "goods only" bathroom requirements and associated products.
Sales grew by nearly 35% in the three years to 3/08 and, whilst, in common with the sector, generally, the business has experienced difficult conditions, in the last twelve months, there is no doubt that the Company is well poised to benefit from the expected upturn with a return to positive trends in both income and profits. Income from internet sales is realistically targeted to reach £0.5M in the current year, with further sites being considered.

Property information

Property:

Leasehold

Lease terms:

Both properties rented informally - rent for showroom and offices paid quarterly
- rent for warehouse/storage facilities paid quarterly in advance

Leasehold rent:

£9724 (Showroom) & £2424 (Warehouse) per annum

Location:

Attractive two storey double fronted showroom and office accommodation situated on main thoroughfare close to town centre.
Own parking spaces as well as plenty of adjacent on-street parking.
Separate storage facilities ( approx 1000 sq ft ) located at nearby commercial lock-up

Premises details:

Main premises originally formed an eight roomed private residence. The business occupied four of the rooms, when first occupying the property in 2002 but, with subsequent growth it now fully utilizes the accommodation, with welcoming reception area and showroom facilities on the ground floor. The first floor provides a new bedroom display area, created, two years ago, along with offices and toilets. The premises are in excellent decorative order.
Business Rates £4,750 ( Showroom ) and £530pa ( Warehouse )
Both properties are alarmed

Other information

Expansion potential:

Local circumstances suggest that there could well be opportunities for increased market share, in the area, in the short term.
Increased advertising is being undertaken, with a view to growing the "retail" arm of the business i.e. to promote sales of kitchens and bedrooms to the private buyer.
A recent move into the direct selling of sinks, taps and related products, via a dedicated web-site, has proved successful, by way of supplementing the businesses' core activities and consideration will be given to a further site, related to the direct sale of electrical appliances

Competition / Market:

A highly competitive sector, with competition coming from national chains to the one man band. Local competition is mainly comprised of three well established businesses although only two of them operate in the domestic market. It is not that this Company's position has been threatened, as evidenced by its overall record on sales and, on the trade side, customer retention

Support & training:

The vendor will be available to ensure a smooth handover, if required, preferably on a part-time consultancy basis.

Reasons for selling:

At 66 the Owner / Directors wish to retire

Trading hours:

Showroom - 9am - 5pm - Monday to Thursday
9am - 4pm - Friday
9am - 1pm - Saturday