Asking price: £190,000

Sales revenue: £400,000

Net profit: £30,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This company set up over 18 years ago by the current vendor specialises in the manufacture, supply and installation of bespoke kitchens, bedrooms and home studies in the mid to upper range market. The majority of its work it has to be said is in kitchen design and manufacture (some 80%) with typical sales values for a truly unique high quality bespoke kitchen circa £15,000.

The business manufactures on site and also buys in various doors and accessories made to their own unique design specification to ensure customers have the very broadest ranges to choose from. The business has grown into one of the areas premier design centres for fitted kitchens, bedrooms and home studies. The business operates from a fabulous facility with exceptional showroom and manufacturing all under the one roof. The premises are fully equipped with fitted kitchens and displays – an endless selection of finishes in all ranges, with choices in every area, right down to appliances, worktops, taps and handles.

Quality of product, personal service and after sales care have been the key to the success of this business and something the current owner takes particular pride in. All customers are treated individually. The business offers free surveys and quotations and designs are produced using the latest CAD technology incorporating Compusoft software that has been tailored to suit this business’s exacting requirements. Once a design is approved the company will manufacture, supply and fit utilising leading sub contract installation teams who are fully conversant with the build and installation techniques of this company. Having traded for some eighteen years this business enjoys a considerable repeat client base and an enviable reputation which brings referral work in on almost a daily basis.

No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in the market.

Equipment:

The business has a comprehensive range of plant and equipment, all included with in the sales price.

• The superb showroom has 9 individual kitchens on display at any one time, together with appliances, worktops and accessories.

• The office is fully equipped with the necessary IT equipment including AutoCad, Compusoft design packages as well as Quickbooks accounting and management software.

• The workshop has a full range of plant , equipment and tools to carry out high quality manufacturing. Major equipment includes:

Yale* electric stacker truck 5000LB
Giben*beam saw with jump head for postformed doors
Strieberg*wall panel saw compact 4600x2070x60 with scoring head
SCM olimpic k203* single sided edgebander
SCM Tech 90 super* point to point CNC drilling & routering machine
SCM R8* overhead router
SCM EM29S*drill
Dust extraction system* x2
DEWalt*flip over saws x 2
3 Large signwritten vans (including Mercedes Sprinter, VW Transporter-fully equipped)

Customer Service:

The business considers simply that satisfied customers come back and on this basis has maintained levels of product and service quality intended to best guarantee this satisfaction. The results of this commitment are evident in the degree of return custom and the high level of new business coming from referrals. This is further cemented by the company’s own comprehensive guarantees of workmanship and after sales service which gives them a real edge in the market they serve so well.

Key Strengths:

• Over 18 years successful trading
• Enviable reputation
• Manufacturing capability
• Referrals
• Full managed turnkey solutions
• Superb high quality showroom
• Full design capability

It has established a reputation for quality bespoke products and superior customer service, with free technical support and advice. This business covers the profitable mid – range market and enjoys high numbers of referrals.

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 currently achieves turnover of circa £400,000 p.a. Resultant adjusted net profits are circa £30,000 p.a. Current stock is circa £6,000 excluding displays. Displays and equipment are worth circa £80,000. These assets are included within the sales price.

This family run business represents an ideal opportunity to invest in a well established and highly equipped, reputable business with almost 20 years experience and goodwill.

Employees: As well as the owner and his wife who work within the business full time the business employs the following personnel. 2- Full Time Manufacturing/Workshop Operatives 1- Part Time Administrator The business utilises a pool of trustworthy sub-contractors to carry out installation and related services.

Trading hours: 1000- 1600 Monday to Saturday Closed Sunday

Property: Leasehold

Lease terms
Rent is circa £16,000 p.a. Rates are circa £5,000 p.a.

Location
The business is run from excellent leasehold premises situated on a well known business park on the outskirts on the city. It has excellent access, lots of parking and good signage. The building comprise circa 1250 square feet showroom with office, kitchen and toilet. To the rear of the building is the workshop( circa 1250 square feet) with additional mezzanine floor which is used for storage and canteen. Rent is circa £16,000 p.a. Rates are circa £5,000 p.a.

Expansion potential
The business has enjoyed steady growth since inception and the current market for this business is strong. The business is well positioned to take maximum advantage of this growth as it occurs. Further growth could simply be achieved by adopting a more pro-active approach to sales and marketing and developing some of the opportunities mentioned below.

Competition / Market
The business currently undertakes a limited level of advertising via local community bulletins. It also has its own website. There are excellent opportunities to increase this and to market the business more aggressively. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training
The current owner will provide all necessary training and handover to allow continuity of trading.

Reasons for selling
Health/Personal reasons