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Asking Price$726,169
Revenue$702,657 Established1969
Cash FlowUndisclosed Employees2 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Freehold Top Quality Plumbing & Heating Supplier to the Trade & Retail inc. Complete Bathroom Suites
Location Surrey
Asking Price:£450,000 inc. Stock
Asking price includes:

Turnover circa £435,430 per annum
Gross profit circa £96,230
Net Asset value circa £45,748
Stock approx. £55-60,000
Freehold high street premises

Excellent supplier with a long trading history
Member of the IOBM – Institute of Builders Merchants
Established in 1969, this family business supplies quality plumbing and heating equipment to the trade and retail markets on a 50/50 split, everything from small accessories to complete bathroom suites.

Trading for over 40 years the business became Ltd in 1973. All types of plumbing and heating supplies from leading manufacturers are held in stock, ensuring an efficient and speedy supply and an excellent reputation with the local community for stock availability.

Turnover has grown at a healthy rate and market conditions continue to flourish in this sector of the industry. The business is based in a superb location on a busy high street in a densely populated area giving further growth potential to continue this trend.
Facilities:The premises comprise of a substantial double fronted high street retail unit with warehouse to the rear that also has shared rear access. The property in total is circa 2,187 sq ft. The retail shop is circa 263 sq. ft. with trade counter and the rear warehouse is circa 1,324 sq. ft. The vendor owns the freehold of the property which is included in the asking price of the business and we are advised is circa £350,000.
Competition:The reputation of the business leads to a high percentage of revenue being achieved by word of mouth reputation. The business has a company website that provides information on the business and its wide range of products.
Growth Potential:This business is founded on the hard work and dedication that the vendors have put in over the years to develop the company to its current size. There is the opportunity to expand to on-line sales and possibly Ebay. An I Phone app is in production to help increase sales and to fully utilise the capacity of the business and increase profitability.
Training/Support:The current owners will provide all necessary training and all relevant contacts to allow continuity of trading.
Sale Reason:Genuine retirement sale
Ad #53082
Seller Reference #GD104
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Contact This Seller
Turner Butler
0044 1895256000
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