Asking price: £195,000

Sales revenue: £1,140,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Full Service Retailer of Fitted Furniture for Kitchen, Bedrooms, Bathrooms and Office

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This family run company designs, manufactures and installs a full range of fitted furniture for Kitchens, Bedrooms, Bathrooms and Office. The business has been dynamically driven and managed since 2002 by its current Managing Director, who has used his generic experience stretching back many years. During this time the business has developed an enviable reputation in its main geographical trading area and beyond. Economic performance has been steadily growing throughout, giving a solid platform for a new owner to develop the business further.

The trading philosophy of the company’s Directors has indeed been a simple one, delivery of excellent products at good prices by direct sales to the public and trade sectors, giving close attention to the detail of their carefully made products along with an almost infinite choice from many top brand suppliers of ancillary products.

The company also operates with a great deal of commercial flexibility, and is happy to undertake jobs which range from literally changing a tap, to undertaking the total project of a whole new room.

The company is registered to carry out electrical work under Part P Legislation, and is also Trustmark and National Association of Electrical Inspectors and Testers (NAPIT) Registered .

This exciting opportunity has great merits for a new owner. The company is turn key ready, stable and profitable, and has great potential for further development.

Equipment:

The company owns and maintains an inventory of equipment, machinery, vehicles and tools used in the daily operation of the business, along with an extensive inventory of fixtures and fittings used in the showroom and warehouse facility. All such inventory is expected to be included in a successful sales package.

Customer Service:

The quality of customer service has been one of the cornerstones of this business since day one of its establishment. This element of their business model is amplified when understanding the great commercial flexibility applied to their customers needs. Their reputation places them at the very pinnacle of client satisfaction, with many repeat customers and word of mouth recommendations.


Key Strengths:

The key strengths of this business must surely be its full service “One Stop Shop” approach to the key areas of supply, coupled with their previously mentioned commercial flexibility to totally fulfil the needs of their ever expanding customer base.


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.

Years established: 2002

Employees: The company currently employs 9 full time staff including its two Directors.

Trading hours: Monday – Friday: 7.30am – 5.30pm Saturday: 9.00am – 4.00pm

Property: Leasehold

Lease terms
Annual rental paid is currently circa £18,000, with rates coming in at circa £6,000 per annum

Location
The company operates from a double fronted shop with its own car park, warehouse and storage, situated as it is, close to the centre of this busy Nottinghamshire city. The Showroom and Office building sizes out at approximately 1750 square feet, with the separate Warehouse building coming in at approx. 2000sq.ft. The terms of tenancy can be either by way of a newly negotiated lease, or the freehold may be purchased, if so desired.

Annual rental paid is currently circa £18,000, with rates coming in at circa £6,000 per annum

Competition / Market
The company has developed and maintains an Internet website and occasionally undertakes some local advertising. It also has benefited from company vehicles being signwritten and company personnel wearing company uniforms.

Support & training
Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling
The Directors now wish to pursue other business interests.