Opis:

Leasehold

Asking price includes:

Turnover is circa £385,000 per annum
Gross profit of circa £90,000.

Excellent showroom
Purpose built manufacturing workshop
Busy main road location
Award winning designs
Well established business (30 years)
Superb reputation for customer service
Training and handover
Goodwill
Website

Business profile:

This business was established over thirty years ago and operated by the current owners for the last fifteen years. This is one of the leading independent bedroom designers and fitters in the south east. With its showroom and manufacturing workshop located on a busy main road in Kent, the business benefits from its access to a number of highly affluent neighbouring towns and communities.

The business operates a free of charge design service that adds to the excellent reputation it has for customer service. The manufacturing side of the business adds a dimension that separates the business from local competition. Manufacturing its own product also has a positive effect on the profitability of the business.

Staff ensure all products are fitted to the highest standards and this attention to detail makes a big difference in terms of customer satisfaction.

By not cutting corners, the business has benefited from regular word of mouth recommendations generating new referrals and indeed repeat business.

Over the last few years, the business has received awards from interior design publications for the quality of its work.

Key Strengths:

With over thirty years of success behind it, this business is well known throughout the area, providing fantastic flexibility for its clients both in terms of manufacturing bespoke items and by providing a quality of design and service that competitors seemingly cannot achieve.
The owner has kept his team lean. This is a strong team, highly trusted and boasting many years of experience. Combined staff include talented craftsmen who deliver a high level of service and a consistently high quality of work.

The size of the team means that everybody is hands on. Staff project a very professional image to all customers. The business undoubtedly benefits from this strategy and this has resulted in the business having a superior reputation compared to bigger, less personal competitors.

The business is positioned on the edge of a major town on a busy main road location, this excellent location and easy visibility offers the ideal base for the business to obtain regular new clients.

Key Opportunities:

Expanding the business into supplying other types of furniture could be an advantage for the future. With the focus of the business purely on bedroom design and installation at present, the opportunity is clearly there to develop a kitchen business alongside the present core services.

Bathroom design is currently a small part of the business at the moment. This is also an area that could grow rapidly with the introduction of some marketing.

Additionally an investment in design technology would potentially offer a more profitable method of creating the end product.

A more proactive approach to the sales and marketing side of the business could also reap rewards.

Premises:

The business is situated on the edge of one of Kent's major towns and benefits from high volumes of passing trade. The showroom is well designed and helps to demonstrate the quality of product that the business offers.

At the rear of the showroom there is a good sized manufacturing facility and storage area. There is also currently vacant space within the premises that would allow for expansion.

Rent is circa £20,000 per annum with rates of £5.500 per annum.
Marketing and Advertising:

The business enjoys an excellent thirty year reputation in the area. The vast majority of its clients already know the business, are repeat customers or have been recommended to the business.

Advertising campaigns are restricted to local press and free newspapers as well as Yellow Pages. Occasionally the business is represented at county shows and fairs.

Although the business has a website there has to date been no investment in online marketing, which would obviously present new opportunities.

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.

Turnover and gross profit margins have been healthy and consistent for many years. Turnover is currently circa £385,000 with gross profit of circa £90,000.
Employees:

The business is currently a family run operation. There are two full time staff. Four additional staff provide their services on a self-employed basis.
Training and Handover:

The owner will offer a full handover and will provide any training that is required to ensure a smooth transition and continuity of trading.
Reason for Sale:

Having run the business for fifteen years, the owner feels that new owners will provide fresh ideas and energy that can take the business to another level. He also has property interests that he wants to concentrate on.
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
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk