Opis:

Leasehold

Asking price includes:

Turnover circa £265,000 per annum
Gross Profit circa £60,000
Net Profit circa £35,000

One-stop shop - design and installation
Excellent reputation for design, project management and workmanship
Well presented, attractive leasehold showroom with managers office
Excellent supplier relationships with major manufacturers
Tried and tested subcontract tradesmen
Goodwill
Website

Business profile:

This business designs, retails and installs contemporary and traditional kitchens. Established fifteen years ago the business offers a complete range of high quality kitchen styles from traditional to contemporary, with a range to suit every taste for the middle to high end market, including popular German kitchens, with an average kitchen costing circa £10,000 for the furniture units only.

Major brand name appliances are sold including Bosch, Neff, Siemens, Miele, Gutman, Zanussi, etc. A full range of work tops/surfaces range from laminate, corin, granite, solid wood to sodiac are supplied plus a range of accessories including lighting, wirework, handles, eco bin systems, drawer inserts and pull-outs.

Kitchens are fitted out to suit individual client requirements and budget. The business has a free design service and provides an expert installation and after sales service.

Customer Service:

This business makes every effort to satisfy the requirements of existing and potential customers. This flexibility and willingness to 'go the extra mile' has fuelled its success to date.

Key Strengths:

This is a very well managed business that has been in operation for in excess of fifteen years and has gained an excellent reputation - built upon the owner's extensive experience of working within the industry, supported by a highly motivated and committed team. The business has been structured to produce growth without compromising on service, quality branded products, profitability and customer satisfaction.

Key Opportunities:

A new owner contributing fresh ideas, particularly in the areas of marketing and advertising will have every advantage of building on an excellent platform. The business could certainly appeal to any English company wishing to expand into the Irish market.

There is certainly scope for additional growth - possibly expanding the product lines or extending the geographical area to include the Southern Irish market, which could have a significant impact on turnover and profitability.

Technology:

The business uses up to date design software to present the quality presentations to clients.
The business also has an accountancy package, which enables sales to be efficiently managed and monitored from the initial enquiry and quotation, through the ordering process and delivery of the relative components, to the logging of queries and issue of the final invoice.

Location:

The business is situated in a prominent main street location in a pleasant seaside /coastal village.

Premises:

The business currently operates from ground floor shop premises with excellent kitchen displays.

Facilities include electric, water, mains and broadband connection.

Business Hours:

Monday - Friday: 10am - 5pm
Saturday: 10am - 1pm
Advertising and Marketing:

Well established, most work is currently via referrals, which speaks volumes for the company's reputation. The business has a website to showcase the company products and has also featured occasionally in glossy magazines.

Financial profile:
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.

The business is financially stable with good gross and net profit margins.

Turnover is circa £265,000 per annum with Gross Profit circa £60,000 and Net Profit circa £35,000.
Employees:

The owner is responsible for the management of the business assisted by a sales and showroom manager. Staff are experienced in design to the final installation.

Trustworthy freelance fitters are employed on a subcontract basis. For structural works the business calls upon an excellent pool of craftsmen representing all of the key trades - plastering, tiling, electrics etc., as and when required.
Support and Training:

The owner will provide all necessary training and relevant contacts to ensure a smooth transfer of the business and continuity of trading.
Reason for Sale:

The vendor has decided to emigrate to Cyprus.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk