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High-end Bathroom And Tile Sales And Fitting Business For Sale

UK
Freehold Price:
£164,950
Leasehold:
On request
Turnover:
£632,000
Net Profit:
Available on request

Location: Northern Ireland

Asking price: O.I.R.O £164,950 + Stock at Valuation + Premises (negotiable for lease or sale)

Introduction:

The opportunity exists to acquire the trading name, fixtures, fittings, goodwill and stock in trade of a business engaged in the sale and installation of bathrooms and tiles throughout a large section of Northern Ireland (“The Business”).

With an impeccable track record over the course of its operations, The Business has gained itself a strong reputation, not only as a provider and fitter of quality bathrooms and tiles, but as bath and tile consultant that closely accompanies its clients every step of the way. As a result, the business has secured a wide swath of customers in the middle to upper segments of the Northern Irish market.

The Business:

Established in 2000 (roughly 20 years) by the current owner and his brother-in-law, the business is run as an expanded family business, with the owner and his wife taking on significant roles in its operations, including purchasing, fitting (the owner), wages, admin (the owner’s wife) and sales (both). The business employs two additional staff members and hires sub-contractors for assistance with fitting, as needed.
Offering end-to-end service, including design consulting, sales (bathroom components and tiles), on-site fitting and more, the business earned a prestigious status in the region, as reflected in its continually growing annual turnover, £632k in 2017. This suggests that it would be to the advantage of a buyer to keeping the businesses operations in its current vicinity.

In terms of day-to-day activities, the business operates along a number of venues, including:
- Phone and field sales to domestic customers
- Display and sales at a large, 9000 sqft showroom
- Onsite fitting of bathrooms and tiles bought from the business

Potential Buyers

The business described herein offer an excellent opportunity to any purchaser, and is particularly appealing to:
• A husband and wife team looking to hit the ground running in Northern Ireland with a multitude of options to grow the business.
• Active bath and tile companies wishing to expand into or strengthen their presences in the region.
• Firms competing in complementary markets, e.g. kitchens, who would like to increase the scope of their activities.

Key Considerations:

• Highly regarding and extremely well-established across a large geographical area
• With over 40 years combined experience, it is the only shop in the region providing an end-to-end service
• 9000 sqft show room + 2000 sqft non-developed upstairs space great potential.
• Excellent and varied stock
• Serves the middle and high-end sectors
• Provides service for a large selection of top brand names, e.g. Bosch, Adam’s, HIB, Utopia and others.
• Substantial and growing revenues, with good profitability.
• Numerous opportunities to grow the business, including:
- Boosting up marketing activities with new signage, more local advertising, etc.
- Establishing a channel by forging ties with residential developers.
- Developing a strong social media presence.
- Expanding into complementary businesses areas such as kitchens.

Summary Results:

y/e 31 Dec. 2017 2016 2015
Turnover 632,000 564,000 645,000
Cost of Sales 415,000 436,000 445,000
Gross Profit 217,000 128,000 200,000

EBIDTA before owners' costs: £107,847

Asking Price:

For Fixtures, Fittings and Goodwill offers in the region of £164,950 + Stock at Valuation.

Property Information

Property:

Available as freehold and leasehold

Location:

Northern Ireland

Premises Details:

• 9000 sqft show room + 2000 sqft non-developed upstairs space great potential.

Business Operation

Expansion Potential:

• Numerous opportunities to grow the business, including:
- Boosting up marketing activities with new signage, more local advertising, etc.
- Establishing a channel by forging ties with residential developers.
- Developing a strong social media presence.
- Expanding into complementary businesses areas such as kitchens.

Employees:
Husband and Wife and 2 additional staff members
Years established:
2000

Other Information

Leasehold asking price:
On request

Contact Turner Butler

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