This is a superb opportunity to acquire a well established plumbing and heating merchant business that has been successfully trading for over 56 years and is now available for sale. Known for its exceptional range of top-quality plumbing and heating products, the business has built a strong reputation in East Lancashire and surrounding areas. Originally a family-run business supplying fires, fire surrounds, and cookers, the company has expanded its product offerings to include the supply of bathrooms and accessories from most major suppliers.
They also supply high quality boilers to both business and residential customers for over a decade. They stock and supply all the main brands which include brands such as Baxi, Idela, Heatline, Biasi, Vaillant, Main, Glow-worm, Worcester and Pro-combi. Their service is not limited to just the supply of boilers, they also carry out installations and repairs.
The business operates from a 6,100 sq ft property that provides ample display and storage space, including a yard and a separate 3,000 sq ft car park.
The business, along with the property, is offered for sale at £1.35 million plus stock at valuation. Alternatively, a leasehold option is available for £699,950 plus stock at valuation, with a new 10-year Full Repairing and Insuring (FRI) Lease (subject to landlord approval), at a passing rent of £31,200 per annum with rent reviews every three years. The rates payable, subject to small business relief, are £3,000 per annum.
The concern has maintained a healthy financial position, with a reported turnover of £3,312,966 and a Gross Profit of £321,058 for the year ended 31 March 2023. Full accounts and disclosure will be available after a successful viewing. The business benefits from the expertise of four competent staff members who ensure excellent customer service without pressuring for sales.
The business also boasts a strong online retail presence on eBay, with over 30,000 items sold and 100% positive customer feedback. The company is renowned for providing products to suit every budget, ensuring that every customer receives helpful and informative advice. This combination of high-quality products and outstanding customer service has driven repeat business and established as one of the most reputable companies in the region.
This business presents an exceptional opportunity for an entrepreneur seeking an established venture within the plumbing sector or for an existing business looking for a lucrative acquisition. Due to the substantial interest already received, we encourage you to contact us promptly to avoid disappointment and to obtain further information.
Excellent reputation
High turnover £3,312,966 and a Gross Profit of £321,058
High average EBITDA over 3 year period £186,256 (approx.)
Loyal customer base
Many active trade accounts in place
Large amount of repeat/recommended custom
Reputation for carrying all major boiler manufacturers
Excellent location
Free customer car park
Huge potential for further growth and success
