This is a superb opportunity to acquire a well-established plumbing and heating merchant business based in Arnold, Nottinghamshire. The business is available on a leasehold basis.
The business offers a wide range of quality bathrooms, accessories, and plumbing supplies to both the trade and members of the public. They sell a large range of plumbing and heating supplies including bathroom suites/furniture/supplies, combi/system boilers, radiators, tanks and cylinders, electric showers/cubicles, and underground pipes. They supply bathrooms and accessories from most major suppliers such as Ideal Standard, Mira, Mermaid, Worcester and Polypipe to name just a few, all at competitive prices and with exceptional customer service. They sell their products over the counter from their spacious showroom and trade counter based in the town. Although they supply a wide range of products, they do not provide an installation service – they advise of local fitters to provide this service.
The business has been established since 1997 and has experienced substantial growth on an annual basis since then. They have built up an excellent reputation across Nottinghamshire and are considered a household name in their industry. They can boast a loyal customer base which has resulted in a vast amount of repeat and recommended business which has led to impressive financial figures over a sustained period. They have over 100 trade accounts in place, with 50 using the business on a regular basis, all of which are on 30-day payment terms. They have forged excellent relationships with key suppliers which ensures excellent margins across their product range.
The premises has been renovated to a very high standard throughout as the owners have skilfully combined the character features of the property with modern fixtures and fittings. The high-quality showroom houses a comprehensive selection of bathroom and heating supplies for their trade clients as well as the general public.
• High-quality premises
• Excellent reputation
• Loyal customer base
• Many active trade accounts in place
• Large amount of repeat/recommended custom
• Excellent relationships with key suppliers
• Excellent location
• Free car parking
• High turnover – £510,936
• High adjusted net profit – £100,000 (approx.)
• Huge potential for further growth and success.
• Minimal competition
It is with a heavy heart that the current vendors are selling due to retirement. Due to the nature and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking for an established business within the plumbing sector or an existing business looking for a lucrative acquisition.
This business has experienced a substantial amount of interest at an initial stage, so to avoid disappointment, please contact us for further information.