IK230 -Kitchen and Bathroom Studio Design & Installation
Business for sale
Asking Price:
£175,000
Turnover:
£650,000
Annual profit:
£41,000
Audited accounts:
Yes
Management accounts:
Yes
Business description
This company was established twelve years ago by two individuals with a lifetimes experience in the fitted kitchen market place. They design supply and install kitchens to predominantly A, B, and C demographic households within a twenty mile radius of their well appointed town centre showroom. The average value of a kitchen is circa £11,000 with many being substantially more. . The business has just been awarded a contract to supply and fit seven kitchens for a new development of houses with market values of around £1,500,000. Each installation will have a value of circa £40,000 and the work will continue throughout 2011.They have excellent trading relationships with a number of suppliers including Crown, Chippendale and Prentice who provide handmade cabinets. Electrical appliances supplied are primarily NEFF and Hotpoint. In recent months the company has included bathrooms and showers into their range and this is proving to be a worthwhile strategy.
One of the reasons that this company has flourished where many others have failed is the all round service that they offer. Every aspect of renewing a kitchen can be provided including all the ancillary services such as plastering decorating, plumbing, tiling, electricity and gas. In short when they leave premises the job is complete.
The business has deliberately chosen quality brands with efficient logistic operations giving fast delivery. Having agreed a design a twenty percent deposit is taken with a further seventy percent being paid on delivery and the remaining ten percent acting as a retainer until all work is completed to the client’s satisfaction. The average time from order to installation is four weeks.
Employee details
Fulltime staff:
6
Parttime staff:
0
