Bathroom & Kitchen Design, Supply & Installation Company
Confidentially offered for sale
Ref No.: IK288
Location: Essex
Leasehold Premises Available
Asking Price: £180,000, including Net Asset Value
Business highlights include:
Turnover 2023/24: circa £235k p.a.
Gross profit is circa £120k p.a.
Net profit is circa £72k p.a.
Net assets are circa £50k
Very well established with long-term client base
Superb profit margins
Loyal experienced and trained staff
Two centrally located showrooms
Business Profile:
This independent, family-owned company has been specialising in the design, supply and installation of bathrooms and kitchens for over 20 years. It prides itself on providing an excellent level of service, supported by the numerous positive reviews from customers.
Services:
Design and Installation:
Initial consultation
Site survey
Design: using 3D computer software
Project management
Completion and sign-off
Adapted Bathrooms:
Walk-in showers and baths
Wet rooms
Waterproof panelling
Smart toilets
Supply:
Assistance and advice on sourcing bathroom products
Customers:
The business has a large and loyal customer base.
Technology:
CAD technology for 3D kitchen design
All other necessary IT equipment, including payment systems, are in place to run a successful business. A full inventory of equipment is available to all genuinely interested parties.
Key Strengths:
Excellent reputation for service
Specialist knowledge and experience with bathrooms
Two showrooms in excellent locations
Loyal and experienced staff
Growth and Expansion:
There is considerable scope to expand the current business by creating a regionally based marketing plan and targeted online postcode campaigns.
The two showrooms could be open longer hours and on additional days to generate further sales.
Products and appliances could also be listed online for sale.
Advertising:
Most work currently comes from the established reputation of the business and referrals from existing customers.
Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has some social media accounts, such as Facebook and Instagram, and further business could be generated by increased marketing activity on these sites.
Employees:
The business is supported by 6 full-time staff, including:
2 Partners
2 Fitters/Installers (self-employed)
2 Electricians (self-employed)
Many of the employees have been with the current owners for over 10 years.
Business Hours:
Showroom One
Tuesday, Thursday and Friday 9.30–4.30
Saturday 9.00-12.00
Showroom Two
Monday, Tuesday, Thursday and Friday 10.30 – 2.30
Saturday, 9.00 – 12.00
Premises:
The business operates from two prominent premises with advertised shop fronts that are fitted out to a very high and professional standard.
Full details are available.
Assets owned by the business
Both showrooms are fully stocked with a variety of bathroom and kitchen designs.
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.
The business has achieved a history of excellent turnover and consistent profits over the last 15 years.
Turnover to March 31, 2023, £234,303
Gross profit circa £119,515
Net profit is circa £71,563
The Asking Price of £180,000 is for 100% of the issued capital of the company, including its net Value. The asking price of £180,000 assumes a NAV of £50k, with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £50k.
A complete asset list is available.
Reasons for Sale:
This is a retirement sale.
Support and Training:
The existing director and shareholder will provide full support and training to any purchaser.
