Tile Retailer Wholesaler And Distributor For Sale

Business description

Tile Retailer, Wholesaler and Distributor with 3 Retail Showrooms

This business has been established since 1990 and specialises in the retailing, wholesaling and distribution of ceramic tiles, slates and mosaics offering exclusive ranges of Ceramic and Porcelain wall and floor tiles, Glass tiles and mosaics, Natural stone mosaics, Marble, Limestone, Slate, Terracotta, and Polished Marble etc. This business offers the highest quality styles and brand names in the industry.

There are three well situated and prominent showroom facilities within the South West London region, all are high street locations in very busy areas. All of the sites have excellent showroom facilities, enabling customers to view and place orders in a relaxed and friendly environment, with new business often generated by recommendation. They supply their products to the domestic, trade and commercial markets.

The customer base includes general retail, tile-fixers, designers, trade and construction companies for a variety of usages. The quality of the design and manufacture of tiles is of prime importance to this proactive Business ensuring customers are provided with a wide selection of product and to this end the Business has developed excellent working relationships with many of the major tile manufacturers.

With an excellent reputation, built over the past nineteen years for its friendly and reliable service, large inventory of quality tile and allied products, prompt, friendly service, helpful, knowledgeable staff, convenient hours, advantageous location and competitive prices. The business stocks a comprehensive range of ceramic tiles and associated products. The firm has earned and maintained an impressive base of satisfied repeat clients and hundreds of cash sale customers while continuing to attract both new referrals and customers daily

In addition to the excellent choice of products available, the Business places great pride on the level of service provided for its customers. All employees are very experienced and are focussed to ensure total customer satisfaction. With sales between £1,200,000 and £1,300,000, this business provides an excellent opportunity to acquire an established and profitable business, with realistic growth potential.

Quality Assurance:

The business is committed to providing services of the highest quality, and by adopting a proactive approach and being receptive to dynamic change, keeps the Business at the forefront of this vibrant market sector.

Equipment:

Full EPOS software is used for all business transaction.

Customer Service:

The business is very proud of the relationships that have been established with suppliers and customers. The commitment of the Business is to provide a service of the highest order, with a clear objective to ensure customer satisfaction in all areas of its business activities.

Key Strengths:

The strengths of this company include its expansive product knowledge, and its technical expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong trading base.

This business is consistently successful and has established an excellent reputation for the level of service provided for its customers. The three sites, which are well situated within the South West London, provide superb showroom and warehousing facilities.

Financial Information:

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

The business is financially stable with low overheads, positive cash flow, high gross and net profit and has shown consistent growth over 19 years of trading. Combined turnover is circa £1,260,000 and gross profit circa £483,000, net profit circa £120,000 and adjusted net profit circa £180,000.

Property information

Property:

Leasehold

Location:

The Business operates from three well-equipped locations, providing excellent showroom and warehousing facilities. All of the retail units are well furbished and fully equipped and are based in busy and affluent areas of South West London, benefiting from a substantial customer catchment area with little competition.

Business Operation

Expansion potential:

There are several excellent avenues for growth, for example offering a fitting service, by expanding hours of operation, advertising, promotions, expanding into more geographical areas and planning for more shops or franchising will have an impact on sales and margins. All of the business locations are considered to have potential for further growth and expansion with minimal additional administration costs.

Competition / Market:

The high profitability of the business is mainly as a result of word of mouth recommendations, bearing strong testimony to the high reputation the business enjoys, and the extent to which its name is known throughout the industry. A large percentage of new customers derive from recommendations. Success has been achieved through advertising in Google ad words, Yellow Pages and Yell.com The Business has an excellent reconstructed website providing details regarding capabilities, product and services provided.

Reasons for selling:

After many successful years the current owner has taken the decision to retire.

Employees:

The owner recognises that the key to success for any business lies with the personnel, to this end the Company has a skilled workforce who feel that their contribution is appreciated and valued. The strength of this company lies with a professional committed workforce with all the three units being fully staffed and well managed.

Years established:

1990

Other information

Support & training:

A full hand-over is available and the time frame can be agreed as part of the sale transaction.