Asking price: £150,000

Sales revenue: £400,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Natural Stone Supplier for the Home- Granite, Marble, Limestone, Floor & Wall Tiles, Vanity Units and Fire Places
Specialist of Manufacturing Marble Kitchen Worktops

This wholesaler & Supplier of premium quality travertine, marble, limestone, granite, shower trays and wash basins has been established since 2005 and specialise in kitchen and bathroom wall and floor tiles at competitive rates. They stock a wide range of natural stone and tile products from around the world and are renown for excellence in natural stone selection and installations, ensuring that their customers come back time and again for the guarantees and delivery that this business offer all customers.

The marble and granite originates from many sources throughout the world, but primarily from Turkey. The stone is cut into slabs prior to being transported to the fully equipped workshops for final processing.

The Company is continually investing in the latest computerised machinery enabling them to keep pace with their ever increasing workload. Working to the highest standards and keeping to important schedules with strong levels of client communication means the business has earned a very high reputation for reliability and quality which they continually strive to retain so that they constantly remain competitive within this industry.

Selling both into the trade and direct, the business maintains a strong commercial balance and offers a complete solution including creating templates, manufacturing to template or to order and will fit or supply all natural stonework products.

They enjoy excellent relationships with all their suppliers and have long credit on all the best quality materials.

Customer Service:

This business believes its customers should experience highly rewarding levels of satisfaction each and every time they deal with the company. This level of satisfaction is fuelled by providing the highest quality of products, finishes and services which are completed and delivered on time. They provide a truly professional yet friendly level of service which wins customers time and time again.

Key Strengths:

The business has an excellent reputation for the quality of their work and is ideally located in Oxford with easy access to both the A34 and the M40 and to the area covered, a 100 mile radius of Oxford.

Importantly, the business has a good relationship with its customers, along with fully trained staff, a dedicated and well-trained work force.

The business flourishes with excellent word of mouth referrals and has a very large and comprehensive customer database, both trade and direct to the end users.

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.

Current turnover is circa £400,000 per annum with net asset value circa £70,000.

Years established: 2005

Employees: The company employs 3 full time staff in addition to the 2 owners, both of whom work full time.

Trading hours: Monday – Saturday 8.30am – 5.00pm

Property: Leasehold

Lease terms
The rent is circa £15,000 per annum on a renewable 5 year lease, and has 3 phase electrical supply.

Location
The premises consists of a workshop, finishing shop, offices and plenty of parking in a rural setting, offering lots of scope to increase stock holding. There is circa 800 square meters indoor space and 800 square meters. open space. The business has a bridge saw approximately one year old, a forklift truck, Volkswagen 3.5 Tonnes double cabin crafter (registered 2008) and plus all usual tools and re-polisher etc.

The rent is circa £15,000 per annum on a renewable 5 year lease, and has 3 phase electrical supply.

Expansion potential
There are several avenues for growth, possibly by diversifying into new geographic areas, employing sales personnel, opening their own retail outlets and developing an increased quality of advertising and marketing. The Company maintains an extensive base of satisfied customers, sales continue to grow, and with additional staffing and further promotion within the appropriate market sectors, would offer this financially attractive business even more upside potential.

Competition / Market
A high proportion of the business’s revenue has been due to its excellent reputation for quality and service that has always ensured a constant stream of repeat business and strong word of mouth recommendations The business has used little advertising in the past, so there are excellent opportunities to increase this activity, develop the brand perhaps through media sales and marketing the business more aggressively to significantly increase turnover.

Support & training
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.

Reasons for selling
The business is for sale as a result of the vendors intentions to follow their own separate ventures.