Large London Fire And Fireplace Showroom Established 1978 For Sale

Business description

Sale Memorandum
Retail showroom of Fireplaces
Gas and electric fires and Stoves.

Location North East London
Asking Price £ 65,000
Confidentially offered for sale

Asking price: £65,000 Plus stock at valuation

Asking price includes:

Turnover is circa £300,000 per annum,
Adjusted profit of circa £50,000
Complete Turnkey Operation
Informative Website
Training and handover
Excellent reputation
Good profit margins
Client Base
Website
Goodwill
Established 31 years in same ownership.
Business profile:
Established in 1978 this business is a well-established company, specialising in the retail of modern and contemporary fireplaces and fires. The company pride themselves on an up market range of fires and fireplaces and also offers a fitting service by our own trained and fully qualified staff.

The company offers a high level of professionalism and aim to deliver an outstanding service. Situated in North East London on a very busy main road with own parking at front.

Equipment:

The business is fully computerised with PDQ used for credit card purchases.

Customer Service:

This business has worked hard to retain its fine reputation. The company prides itself on its strengths, capabilities and achievements gained over the years, in this specialist field. The Company offers the best possible customer service to their clients, along with their reliability, quality of work and reputation.

Key Strengths:

The primary key strength is the customer base set up over 31 years in this industry and the specialist knowledge that comes with this business and staff. This experience adds further value to the business through cost controls in wastage and the speed of project completions This has lead to a considerable reputation within the industry for honesty, reliability, value, expertise and speed.

Growth and Expansion:

Like all businesses there has been a tightening of margins but the business still maintains it’s turnover even in the present climate. There is massive potential for expansion.
The current market for this business’ services is growing 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 especially if new products are added. This will best be achieved by an owner with an understanding of the value of the business specialist expertise and its advantage as a component alongside other building services.The company holds many valuable dealerships.

Key Opportunities:

This is a fantastic opportunity to purchase a well-established business . The owner wishes to retire and with new enthusiastic management the potential for expansion is massive as new products are coming to the market all the time.

Premises:

The business operates from a modern leasehold premises in North East London. The premises cover 2500 sq ft with approx frontage of 30 ft with car parking to the front It is on an extremely busy main road a few hundred yards from the north circular road.

Business Hours:

Monday – Saturday 10.00 am – 5.00 pm.

Security:

The premises have a fully fitted alarm system with grills at the front of the premises.
Advertising and Marketing:

The business advertises through local press and in the Yellow Page. It also benefits from a user friendly website, which is both easy to navigate and illustrates the high quality work that has been completed to date.

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.

Annual turnover is circa £300,000, . The adjusted net profit of the business is approx £50,000
Employees:

The business is owner run with two fully qualified fitters (one Corgi registered)
Support and Training:

Full support and training will be provided to the successful purchaser.
Reason for Sale:

The current owner wishes to retire.

Property information

Property:

Leasehold

Leasehold rent:

£11 per sq ft per annum

Size in square feet:

2,500