* Included in Asking Price
Quality Fitted Kitchens & Bedrooms plus Shop Supplies
Location : Norwich, Norfolk
Asking Price : £159,000
Asking price includes:
Turnover circa £375,000 per annum
Gross profit circa £105,000
Net profit circa £90,000
EBITDA circa £90,000
Prominent large leasehold showroom in excellent location
Prestigious award holder Federation of small businesses
Excellent name and reputation
All year round business
Work in progress
This business was established in 2004 by the vendors. The business has built up an enviable name and reputation under this ownership for the supply and installation of top quality fitted kitchens and bedrooms offering a bespoke fitted service, if required, plus white goods and a make over service replacing doors, drawers and worktops.
The workshop supplies are sourced from many well known names and include power tools, hand tools, screws, nails and adhesives to name but a few; a one stop shop for DIY enthusiasts and trade customers alike.
Clients are split approximately 90/10 being primarily private customers with some 10% being trade, small builders, property developers and carpenters who can source all their requiremnets under one roof. Kitchen carcasses are bought in to order ,then designed and installed for customers by professional and reliable fitters, taking into account both functionality and aesthetic appeal.
The business runs from a large showroom featuring displays of the finest kitchens and appliances in and assortment of popular styles. The showroom is fitted out with many superb kitchen displays in a variety of finishes for customers to view, plus appliances and countless choices of doors, handles and worktops for kitchen makeovers, which are proving to be a very popular addition to this businesses on-going success.
All customer deliveries are made using largely the businesses own vehicles or via a reliable carrier service.
The business uses the Design Articad system plus Sage for accounts.
|Facilities:||The premises are leasehold on a 4 year rolling lease. Annual rent is £6,900 per annum inc. VAT. Rates are £300.
The business operates from a substantial double fronted high street shop. The well-stocked showroom has around 30 to 40 top quality designs on display for customers to view. The showroom has a division to separate the goods in/ storage area where out-going goods are checked off before delivery.
The business is easily accessible from main routes for both customers to visit and for the transportation of products.|
|Competition:||Advertisements are placed in the local paper to attract local community business, plus there is a very comprehensive company website detailing all the products and services on offer. Much of the business is gained from referrals and word of mouth recommendation.|
|Growth Potential:||This business is ideally positioned for new owners to expand upon the solid foundations and reputation the business has built up over the years. Investment in additional marketing would be a positive place to start.|
|Training/Support:||Support and training will be provided to ensure a smooth transition of ownership.|
|Sale Reason:||The owners are now both looking forward to retirement.|
Seller Reference #IK272
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