Asking price: £335,000

Sales revenue: £355,000

Net profit: £35,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This business designs, retails and installs kitchen furniture. Established fifteen years ago the business offers a complete range of high quality kitchen styles from traditional to contemporary. The business has a breathtaking range of kitchens to suit every taste for the middle to high end market, and always try to accommodate all enquiries. An average kitchen is circa £10,000 for the units only, not including work tops or appliances.

All major brands of appliances are sold including Bosch, Neff, Siemens, Miele, Gutman, Zanussi, etc. A full range of work tops/surfaces range from laminate, corin, granite, solid wood to sodiac are supplied plus a range of accessories including lighting, wirework, handles, eco bin systems, drawer inserts and pull-outs.

The business offers a free design service, expert installation service and after sales service, taking great pride and enthusiasm in everything they do. The team carry out a completely free plan and design service to produce beautifully fitted rooms and show clients how to make the most of any room space to suit their individual requirements and budget.

If required, kitchens are stripped out, removing tiles and units etc. before installing new kitchens with all the finishing touches including tiling and decoration. The business is very happy to accommodate customers and do refits while they are away on holiday, as an added convenience for the customer.

Customer Service:

This business is dedicated to providing 100% customer satisfaction, making every effort to satisfy the requirements, however big or small of existing and potential customers. It is this flexibility and willingness to “go the extra mile” that has fuelled its success to date. The business provides quality products and services at competitive rates and customers receive a professional and efficient service.

When a kitchen is completed the business sends out a professional photographer who supplies a print for future comparison in the show room, the customer also receives a print of the kitchen for themselves which they can compare with original computer generated plan.

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 is financially stable with good gross and net profit margins.

Turnover for the year ending 2008 was circa £355,000 generating gross profits of approximately £59,000.

Employees: The owner is responsible for the management of the business assisted by a sales and showroom manager. Staff have a wide range of experience in the kitchen industry from design right through to the final installation. Reliable and trustworthy freelance fitters are employed on a subcontract basis. For structural works involved in a re-fitting assignment, the business calls upon an excellent pool of craftsmen representing all of the key trades – plastering, tiling, electrics etc as and when required.

Trading hours: Monday – Friday: 10am – 5pm Saturday: 10am – 1pm Appointments will be made out of hours if required

Property: Leasehold

Lease terms
The premises are leasehold with three years remaining until 2012. Rent is £250.00 per month. Rates are £3,000 per annum

Location
Northern Ireland. The business currently operates from modern ground floor shop premises, which are very well suited and comprise of well presented and bright showroom facilities which have recently been refurbished and fitted out to a high quality standard, with excellent kitchen displays. The premises have large window displays, double glass entrance doors, suspended ceilings, tiled floors, a manager’s office, customer reception and generous rear store for storage. There are staff toilets and a staff kitchen.

Facilities include electric, water, mains and broadband connection.

The premises are leasehold with three years remaining until 2012. Rent is £250.00 per month. Rates are £3,000 per annum

Competition / Market
Well established, most work is currently via referrals, which speaks volumes for the reputation that has been achieved for quality products and workmanship. The business has an attractive and informative website to showcase the company products and has also featured occasionally in glossy magazines.

Support & training
The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading.

Reasons for selling
The vendor will live in Cyprus and pursue other business interests.