Total of 18659 firms and businesses for sale today Tuesday 21st May 2024
Sold. High Quality Kitchen And Bedroom Design And Installation - Operating In Both The Contract And Domest
LISTING DETAILS
Firms For Sale ID:
8072
Vendor reference:
IK136
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£650,000
Turnover / revenue:
£915,000
Net profit / cashflow:
Undisclosed
Years established:
15
Number of employees:
12
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and 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, even to the extent of being available on a part-time consultancy basis post sale to make available his considerable knowledge of the area to maximise the on-going potential for further growth.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold and although the lease has currently expired, it is understood there will be no problems for a buyer to negotiate a new lease.
The business also rents additional warehouse space just a few minutes from the main Head Office.
Combined Rent is £8,943 per annum. Rates are £5,600 per annum.
BUSINESS DESCRIPTION
High quality kitchen and bedroom design and installation - operating in both the contract and domestic sectors
Ref.IK136
Location Hampshire
Asking Price £ 650,000
Established in 1995 and incorporated just three years ago, this business is one of the leading independent providers of kitchen and bedroom installation services and associated products in its area.
Based on the Hampshire/Dorset border, and conveniently located with easy access to road and rail links, this company services both the trade and domestic sector, operating primarily within a radius of 25 miles of its base – although it is regularly called upon to operate much further afield. It can boast a loyal customer base of privately owned builders and developers and a steady retail order book that stretches months ahead at any one time. Specialising in built-in equipment this business supplies appliances, together with other kitchen components, such as worktops on a supply only basis, or, indeed supply only. The bulk of the company’s turnover however arises through approximately twelve privately owned limited companies within the residential building and development sector – primarily apartments and housebuilds for the private market.
Targeting the mid market sector, this business is very much a ‘one stop shop’ providing a full design, supply and installation service and if required, the management of minor structural changes necessary in conjunction with a refitting assignment, working with a number of tried and tested sub contractors. Job values on the retail side average between £13k and £30k with trade contracts ranging from £20k at the bottom end but can be as high as £500k.On average the business would expect to complete approximately 200 kitchens per annum, with typically three per week being made for trade customers - with a further twenty to thirty bedrooms completed per annum. Kitchens are from leading manufacturers such as Jubilee Kitchens, German manufacturers, Zimmer, Rabe and Mayer and ultima with appliances supplied from all the leading brands with Hotpoint, Bosch and, more recently, Miele the preferred suppliers.
Expansion Potential
With a strong demand for the products and services of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas, particularly in the areas of marketing and advertising will have every advantage of building on an excellent platform.