Freehold Bathroom And Kitchen Installation Business
Price:
Freehold - £620,000
Business Type:
Retail businesses
HISTORY
• The present vendor has been involved with the business for over 42 years
• The business was originally founded by the vendors father approximately 50 years ago
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
• The business offers a full ‘project managed’ installation from start to finish
• Old units are removed, then a full a – z service is provided with electrical, plastering, tiling, plumbing, painting and obviously installation
• Whilst bathrooms account for approximately 80% of the jobs, kitchens cover the remaining 20%
CUSTOMERS
• The business operates within an approximate 30 mile radius of the premises
• Circa 90% of customers are retail with the remaining 10% being developers who operate on a supply only basis
PREMISES
• Spacious and very well presented detached premises in the heart of an affluent residential area, they briefly comprise:
• Entry into the showroom from the forecourt which can accommodate 2 vehicles, 16 bathrooms, 6 shower settings and a single kitchen on display together with a large selection of taps and floor tile boards
• Spotlight ceilings throughout
• Rear counter with stairs to first floor
• Rear w/c
• Store room
• Side fire door exit
First floor:
o 3 spacious offices
o Bathroom
o Kitchen and stairs to loft storage
o To the rear of the premises are 2 single garages which are used for storage
o The premises are fully double glazed on the first floor only and also benefit from its own alarm system
STRENGTHS
• An extremely well established business which has been trading for over 50 years
• High visibility location on a busy arterial road in an affluent area
• Excellent local reputation with a very high referral rate from other satisfied clients
• Outstanding showroom of 16 bathrooms, 6 shower settings and 1 kitchen
• Very experienced staff and sub contractors
• Business concentrates on the middle to upper price range
• Consistent annual sales of circa £370,000
• The business has circa 2-3 months worth of work booked in ahead of them at any one time
SCOPE
• This is already a very successful business, it does however, still offer excellent potential to increase both turnover and profits in the future by:
1. Expanding the working area beyond the current circa 30 mile radius of the premises
2. Update the business web site
3. Offer alternative products such as bedrooms, facia soffits and barge boards
4. Have a full trade counter for accessories
5. Sell on the internet
6. Should a new owner wish to re-locate the business elsewhere, planning permission exists to convert the premises into 3 spacious apartments
7. The cost of conversion is approximately £110,000 to £120,000 + VAT
o Included within the asking price is a Luton van with a tail lift on a 54 plate, a small Berlingo van on an 02 plate and a VW Transporter on an 06 plate
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The premises occupy a high visibility location on a busy main arterial road
• Predominantly residential within an affluent town in Essex
• Weekdays: 9am to 5pm
• Saturday: 9.30am – 3pm
• Extra hours are worked if required to suit the
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