Asking price: £495,000

Sales revenue: £720,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Manufacture, Supply and Installation of Quality Kitchen & Bedroom Furniture Retail and Trade

Established in 2007 by partners with a combined experience of 35 years, this business is one of the leading independent providers of kitchen and bedroom installation services and associated products in its area. Renowned for beautiful and highly functional kitchens, bedrooms and studies.

A wide range of products are offered across a broad spectrum of price ranges. The generous showroom has an excellent choice of kitchens and bedrooms on display from traditional to minimalist, Shaker to 50s diner and everything in between, something to suit most customers tastes and budgets.

Highly-skilled manufacturers and fitters are employed by the partners who themselves have a long history in the kitchen sector, one in production and the other in sales.

The business are authorised dealers for renowned names in the industry and have excellent business relationships with a variety of suppliers. An array of appliances are on offer including Neff, Bosch, Smeg, Brittania and Leisure and a wide assortment of beautiful worktops including solid wood and granite.

Based in a superb location conveniently located with easy access to road and rail links, this company services both the trade and domestic sector, customers would have to travel to Belfast to get products and service of comparable quality.

The business has superb brand awareness, and has a very good reputation. Business is constantly improving and it has a loyal customer base of private builders and developers and a steady retail order book.

Customer Service:

The business offers customers a lifetime of experience and personal attention, providing them with the right products at the right prices, with the emphasis on service, value, quality and reliability.

Key Strengths:

The business has excellent contacts, knowledge and experience plus a reputation for high levels of workmanship. This is a very well managed, fitted kitchen and bedroom business which combines the attributes of good growth, increasing profits and a loyal, high quality customer base. With turnover for the financial year ending July 2008 of approximately £720,000, this represents an excellent acquisition opportunity for an existing operator within the kitchens and bedrooms sector looking for rapid expansion by acquiring a highly regarded operation.

This is a very well managed business – built upon the partners’ extensive experience of working within the industry, supported by a highly motivated and committed team. It has been expertly structured to produce first class growth without compromising on service quality, which has been a key pillar in the company’s strategy from the outset. It has an excellent record of growth, profitability and high levels of customer satisfaction.

It has excellent relationships both with its customers, suppliers and manufacturers. This combined with its ability to deliver a wide range of products and services results in a tailored service that delivers value for money to the customer’s complete satisfaction.

Key Opportunities:

With a strong demand for the products and services of this business, combined with a capacity to increase turnover, a new owner with more capital available could build on the existing platform and drive the business to the next level, potentially increasing the profits substantially.

There is certainly scope for continuing expansion – the superb site and premises are not currently fully utilised and there is potential for adding fireplaces, bathrooms, conservatories etc.to the existing product lines.

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.

Turnover for 2008 circa £720,000 per annum
Gross Profit circa £175,000

The partners would consider an investor with capital to purchase shares while they continue to run the business.

Years established: 2007

Employees: The business employs a full time factory manager a sales manager, two experienced kitchen manufacturers plus one full time sales represnrative, one delivery person and one store man on a part time basis.

Trading hours: Monday, Tuesday, Wednesday and Friday: 9am – 5pm Thursday: 9am – 8pm Saturday: 10am – 1pm

Property: Leasehold

Lease terms
The premises are leasehold with three yearly rent reviews. Annual rent is £50,000 per year with rates payable of £8,000 per annum

Location
The business operates from a superb location on a major road network. The well suited premises comprise of a great showroom of circa 4,000 sq. ft. The showroom is bright and has tiled floors and a suspended ceiling with dozens of superb kitchen and bedroom displays on show. In addition there are three sales offices, a reception office, workshop, staff facilities and a useful loft area.

The showroom is easy to find and well located on a a prominent site with ample free on-site parking and a garden area. .

The premises are leasehold with three yearly rent reviews. Annual rent is £50,000 per year with rates payable of £8,000 per annum

Competition / Market
Well established, this business has used limited advertising in yellow pages, on local radio and Tesco adverts. The business benefits from high levels of awareness within its locale. A high proportion of the business's revenue is due to its very attractive premises situated as they are in a prime location, its high quality product range and its excellent reputation for quality and service, resulting in strong word of mouth recommendation. The Company also has an attractive, informative and easy to navigate website with a number of associated links. Additional marketing initiatives include monthly newsletters to trade customers and related contacts, targeted cold calling and telephone approaches to potential new customers.

Support & training
The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading to maximise the on-going potential for further growth.