Asking price: £325,000

Sales revenue: £770,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Fitted Kitchen & Bedroom Company With Exceptionally High Reputation

The company designs, sells and installs kitchens and bedrooms to an exceptionally high standard.
Customer Service
Outstanding customer service is the key to the success of the business. The resulting remarkable level of testimonials from customers whose expectations have been exceeded create a firm foundation for future business.


Key opportunities

The operation is presently managed to a size that suits the directors. It is geared to fit and complete around eighty high quality installations per annum. With a small increase in headcount combined with direct marketing and an active PR campaign it would be feasible to at least double the size of this business in a relatively short period of time. Presently the business focuses on buyers in the A,B demographic sector, but there are many potential market areas which could be explored to considerably expand the business. This is a unique opportunity to purchase a business with an exceptionally high reputation within both the industry and retail market.
Technology
The business has invested heavily in the very best design software on the market. The computer systems are all networked and the business uses Sage packages for its accounting.

Financial information

All financial information will be made available under the auspices of Turner Butler. The business turns over circa £770,000 and generates a gross profit of around £350,000. Profit before tax is circa £177,000 (inc directors salaries).

Employees: The present directors have very hands on management style and are heavily involved in every aspect of the business. In house installation teams ensure an exceptionally high standard of workmanship- further enhancing the company’s reputation.

Trading hours: The company operate a 6 day week,

Property: Leasehold

Location
Location
Each showroom draws existing and prospective clients from a fifty-mile radius. One showroom is positioned on a main trunk road feeding commuter traffic to the key cities of Glasgow and Edinburgh.
The population in the available catchment area of the company exceeds half a million people.

Premises One: Leasehold

The showroom houses nine displays. It occupies a corner site on a main road and benefits from window displays on two sides of the building. There is one permanent member of design staff at this site plus a director.

Premises Two: Leasehold

The second showroom houses 8 displays with an additional offices on the second floor.
There is one permanent member of design staff at this site plus a director.
There is a store and joinery workshop adjacent to the showroom which facilitates efficient and best practice installations.

The lease of both premises will form part of the negotiation process.

Competition / Market
Currently there is a minimum amount of direct marketing-the majority of business being generated by customer referrals and the company’s reputation. There is ample scope for expansion in this area

Support & training
Both directors are willing to facilitate a smooth handover and will work alongside the new owners for an agreed period.

Reasons for selling
Over the past 6 years the directors have in addition to the kitchen business developed a significant property portfolio which they would now like to concentrate on and therefore wish to take early retirement.