BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,600,000
Turnover / revenue:
£2,100,000
Net profit / cashflow:
Undisclosed
Years established:
14
Trading hours:
Monday – Friday 09.00 – 6.00
Saturday / Sunday 10.00 – 4.00
Number of employees:
25
OTHER DETAILS
Reason for selling:
The vendor has another business in Croatia which is more lucrative for him and his family.
Support and training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Located in a market town of Hertfordshire is a well appointed showroom with warehouse and installation offices on the ground floor and general offices on the first floor, all occupying approximately 6.900 sq ft. The owner will also consider lease or purchase options on the premises to interested parties.
BUSINESS DESCRIPTION
Design, Supply & Fit Kitchens & White Goods
Ref.IK210
Location Hertfordshire
Asking Price £ 1,600,000
This business was founded in 1996 by the Vendors and has since grown to become a significant enterprise with a turnover in excess of £2million and a reputation for the quality of its products, flexibility of service and reliability.
The business operates from a prime freehold location in Hertfordshire and has established itself as one of the region’s leading independent kitchen suppliers. Many customers have recommended friends and family and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, constantly reviewing and updating its service commitment and its methods of business, offering a complete service from free planning and design of their modern, contemporary and classic ranges of kitchens. They also offer all leading brands of white goods, worktops and accessories and always ensure that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 13 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are, as a result, never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
Expansion Potential
The owners understand that the business is recognised for its quality of product, brand and choice and has been able to establish itself and capture a significant market share in a highly competitive environment. More assertive marketing and brand investment, could acquire an even larger slice of the market to build this excellent business into an even bigger cash earner.
This business is based in an affluent and highly desirable location and could certainly achieve increased sales and profits. The business would ideally suit an existing company or an owner/manager who could build on this Company’s excellent reputation and relationships with both customers and suppliers.