South London Plumbing Merchant Shop For Sale

Business description

This business specialises in reconditioned boiler spares, fans and PCB’s and are also major stockists and suppliers of a full range of high quality plumbing and heating equipment suited for the D.I.Y enthusiast as well as the professional plumber.

A profitable business, it was established in 1990 and has been under the current ownership since inception. The business is highly successful with a wealth of experience and offers sales and service to both trade and private customers.

Well located and known throughout the area for its excellent range of stock, the business has earned a first class reputation and has many satisfied customers from all walks of life.

This business offers customers a personal service and is known for being both professional and competitive in price. The employees of the business are attentive, knowledgeable and helpful, advising customers of products best suited to their needs.

In such a competitive market this is an established and successful company with outstanding service and reliability, convenient hours and competitive prices.

Equipment:

The business uses PDQ for credit card purchases.

Customer Service:

This business is an excellent opportunity to invest in an established name that prides itself on good old-fashioned customer service, there is little doubt that this has encouraged and sustained customer confidence and loyalty.

The business provides customers with quality service, a wide range of stock in a convenient location.

Key Strengths:

The business has gone from strength to strength since inception, offering a wide range of products from this excellent location. This business offers friendly and helpful service and given the same common sense approach a significant growth in profitability is inevitable.

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 £240,000, generating a gross profit of £62,000 and a net profit of £29,715.

The net asset value is £15,000 of stock.

Property information

Property:

Leasehold

Lease terms:

The business operates from leasehold premises with six years remaining on the existing lease. Annual rent is charged at £14,000 with rates charged additionally at £3,892 per annum.

Location:

The business operates from leasehold premises with six years remaining on the existing lease. Annual rent is charged at £14,000 with rates charged additionally at £3,892 per annum.

The premises measures circa 800 square foot with office, plus a double shop size basement and rear delivery access

Other information

Expansion potential:

With a proven history of success, strategic expansion of the business into related products i.e. bathroom sanitary ware, and an investment in an up-to-date computer administration system with stock control, would make this business more efficient and offer even more upside potential.

The owner recognises that while the business is acknowledged for its quality of service, more assertive marketing will help build this excellent business into an even bigger cash earner for any enthusiastic new owner.

Competition / Market:

The business undertakes limited advertising through the Yellow Pages, and an opportunity exists to implement further and more assertive methods of advertising the business. Various methods could be used in this regard including leaflets and brochures or direct mail. The company does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium. A professionally designed website could generate a large amount of interest and have excellent potential to increase turnover in the future.

Support & training:

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

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Friday 8.00 am – 6.00 pm Saturday 11.00 am – 4.00 pm