Asking price: £335,000

Sales revenue: £265,000

Net profit: £35,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Kitchen Design Service, Supply and Installation of Traditional and Contemporary Kitchens

This business designs, retails and installs contemporary and traditional kitchens. Established fifteen years ago the business offers a complete range of high quality kitchen styles from traditional to contemporary, with a range to suit every taste for the middle to high end market, including popular German kitchens, with an average kitchen costing circa £10,000 for the furniture units only.

Major brand name 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.

Kitchens are fitted out to suit individual client requirements and budget. The business has a free design service and provides an expert installation and after sales service.

Customer Service:

This business makes every effort to satisfy the requirements of existing and potential customers. This flexibility and willingness to “go the extra mile” has fuelled its success to date.

Key Strengths:

This is a very well managed business that has been in operation for in excess of fifteen years and has gained an excellent reputation – built upon the owner’s extensive experience of working within the industry, supported by a highly motivated and committed team. The business has been structured to produce growth without compromising on service, quality branded products, profitability and customer satisfaction.

Key Opportunities:

A new owner contributing fresh ideas, particularly in the areas of marketing and advertising will have every advantage of building on an excellent platform. The business could certainly appeal to any English company wishing to expand into the Irish market.

There is certainly scope for additional growth – possibly expanding the product lines or extending the geographical area to include the Southern Irish market, which could have a significant impact on turnover and profitability.

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 is circa £265,000 per annum with Gross Profit circa £60,000 and Net Profit circa £35,000.

Years established: 1997

Employees: 6

Trading hours: Monday – Friday: 10am – 5pm Saturday: 10am – 1pm

Property: Leasehold

Location
The business currently operates from ground floor shop premises with excellent kitchen displays.

Facilities include electric, water, mains and broadband connection.

Expansion potential
The owner is responsible for the management of the business assisted by a sales and showroom manager. Staff are experienced in design to the final installation. Trustworthy freelance fitters are employed on a subcontract basis. For structural works the business calls upon an excellent pool of craftsmen representing all of the key trades – plastering, tiling, electrics etc., as and when required.

Competition / Market
Well established, most work is currently via referrals, which speaks volumes for the company’s reputation. The business has a website to showcase the company products and has also featured occasionally in glossy magazines.

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

Reasons for selling
The vendor has decided to emigrate to Cyprus.