Kent Trade & Retail Of Building Plumbers Supplies For Sale

Business description

The business is a leading supplier of traditional building and plumbing supplies; whether to trade or to private individuals, the business can supply anything from washers, taps to tools and machinery, alongside a builders yard offering all types of light side material sand, ballast etc.

The business enjoys a prime location in one of the busiest areas of North Kent and benefits from its unique offering in providing a full and comprehensive portfolio of popular products. In fact, the business has everything anyone needs for projects of all sizes due to its considerable stock levels and extensive range.

The business has been established in the region for 25 years and is well known and regarded by new and existing customers; it is considered a part of the fabric of the business community. The vendors have been involved in the business since its first days of trading and can offer considerable advice and information concerning all aspects trading in the region.

Equipment:

The business uses PDQ for credit card purchases.

Customer Service:

The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.

Key Strengths:

The quality of the location cannot be overstated since its prominence guarantees access, visibility, footfall and parking. The quality of the displays play no less a part in meeting customer expectation as created by the large and inviting approach.
The business is well established and profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis since inception.

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase the range of available product lines and turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in marketing including advertising and use of Internet opportunities, aimed toward the acquisition of new trade and consumer customers.

Financial Information:

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.

Annual turnover is circa £473,000, generating a gross profit of £214,000. The net profit of the business is £195,000, with a net asset value of £100,000.

Property information

Property:

Leasehold

Lease terms:

The rent of the premises is to be confirmed; however the rates will be charged at £4,500 per annum.

Location:

The business operates from freehold premises but the present owner is willing to offer a new lease by separate negotiation. The rent of the premises is to be confirmed; however the rates will be charged at £4,500 per annum.

The premises are a large detached shop with a car park on the main road. The shop measures approximately 1,600 square feet with a rear yard and access for pick-ups deliveries.

Other information

Expansion potential:

The current market for this business’s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has used limited advertising in the past and there are excellent opportunities to increase this and to invest in an Internet presence to market the business more aggressively and to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

This is genuine retirement sale.

Trading hours:

Monday – Friday 8.00 am – 5.00 pm
Saturday 8.00 am– 12.00 pm