Business for sale

Business description

This is a wonderful opportunity to purchase a well-established business based in Colchester. The business undertakes the design, supply and installation of kitchens and accessories.

The turnover has been consistent with an on going growth pattern, and still has potential to be increased. The business has been built on a reputation for quality products and excellent service.

The business has access to various manufacturing units for production of bespoke carcasses at excellent margins, to whatever size is needed. This gives complete control and cost effective production when replacing a unit or two, or installing a totally new kitchen from scratch, which can include all accessories and quality brand names appliances, giving true value for money.

Made to measure kitchen can be manufactured in any style, colour or size. Every prospective enquiry can be achieved, including replacing worn parts of kitchens, i.e. worktop, sink, and appliances only. This good, professional service enables potential customers to have all works carried out by one supplier.

The well-designed, classy showrooms perfectly target the market and exquisitely showcase the business’s exclusive and attractive products and functional accessories. There are displays of smart and sophisticated kitchens. Whether customers are planning a new kitchen or updating an existing one, the business offers a superb range of stylish, co-ordinated accessories to reflect individual style and personality.

Installations are designed to suit individual lifestyles and enhance customer’s homes. The business designer collaborates with customers to plan their perfect kitchen, taking into account both functionality and aesthetic appeal.

Components are combined to achieve an individual look that customers are after, innovation and excellence in every aspect of kitchen furniture. To achieve this, the business considers four factors, design and originality, functionality, practicality and budget.

Equipment:

The business is fully computerised and uses state of the art equipment for the design, supply and installation of all products.

Customer Service:

Company philosophy is to provide quality at an acceptable cost to customers and achieve a high level of customer service. As well as offering eye-catching, well-built, beautiful kitchens the business is also proud to offer value for money and a unique fitting and after sales care service to be proud of.
Key Strengths:

This business gained an instant reputation for customer satisfaction and affordability. It is an extremely lucrative business located in excellent trading positions and offers customers flexibility of styles and designs.

The close attention to detail and desire to satisfy has ensured business success. The business has in depth knowledge in quality planning and design, using innovative materials, precision workmanship and careful attention to detail.

Growth and Expansion:

The current market for this business’s products is growing and is forecast in the near and longer term for further growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Key Opportunities:

There is excellent scope for continued growth with marketing and sales input, expansion of the production side and development of ancillary markets such as water softeners and fashionable kitchen and accessories.

A new owner who is 100% hands on, with drive, passion and experience will retain and expand the client database. The business could undertake considerably more work and hence generate still higher levels of net profit, employing more sales staff could attain further growth for the business, as well as continued success. Strategically located, additional stores could be added in other satellite locations, building on the proven success of the Company.

Calculated marketing of the Company’s portfolio of products will provide amazing potential for any enthusiastic new owner. Sales continue to grow and there is great potential for someone prepared to put in the time to make this highly regarded business even better and build this business into an even bigger cash earner.

Premises

The business operates from leasehold premises located on a busy street, directly opposite B&Q. There is seven years remaining on a ten-year lease existing lease. Annual rent is charged at £16,937 including VAT. Rates are charged additionally at £5,638.

The premises measure circa 1,200 square feet in total, consisting of display areas, showing up to seven fully fitted styles.

Business Hours:

10.00 am – 6.00 pm Monday – Saturday.

Security:

None.
Advertising and Marketing:

The company has a comprehensive website detailing all products and services, along with a glossy company brochure.

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 under the auspices of Turner Butler.

Annual turnover is circa £384,000, generating a gross profit of £129,000. The adjusted net profit of the business is £70,000 with a net asset value of £7,000.
Employees:

The business is currently owner run with two part time teams of fitters, all of which are sub contracted.
Support and Training:

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

The current owner wishes to pursue other business issues following the sale of the company.
Turner Butler Disclosure Statement:
This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
The Manor Sweetcroft Lane Hillingdon Middlesex

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