Property Descriptions

Location: Essex Leasehold Premises Available Asking Price: £180,000 including Net Asset Value Business highlights include: Turnover 2023/24 circa £235k p.a. Gross profit circa £120k p.a. Net profit circa £72k p.a. Net assets circa £50k Very well established with long term client base Superb profit margins Loyal experienced and trained staff Two centrally located showrooms Business Profile: This independent family owned company has been specialising in the design, supply and installation of bathrooms and kitchens for over 20 years. It prides itself on providing an excellent level of service supported by the numerous positive reviews from customers. Services: Design and Installation: Initial consultation Site survey Design – using 3D computer software Project management Completion and sign off Adapted Bathrooms: Walk in showers and baths Wet rooms Waterproof panelling Smart toilets Supply: Assistance and advice on sourcing bathroom products Customers: The business has a large and loyal customer base. Technology: CAD technology for 3D kitchen design All other necessary IT equipment, including payment systems are in place to run a successful business. A full inventory of equipment is available to all genuinely interested parties. Key Strengths: Excellent reputation for service Specialist knowledge and experience with bathrooms Two showrooms in excellent locations Loyal and experienced staff Growth and Expansion: There is considerable scope to expand the current business by creating a regionally based marketing plan and targeted online postcode campaigns. The two showrooms could be open longer hours and on additional days to generate further sales. Products and appliances could also be listed online for sale. Advertising: Most work currently comes from the established reputation of the business and referrals from existing customers. Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has some social media accounts such as Facebook and Instagram and further business could be generated by increased marketing activity on these sites.. Employees: The business is supported by 6 full time staff including: 2 Partners 2 Fitters/Installers (self employed) 2 Electricians (self employed) Many of the employees have been with the current owners for over 10 years. Business Hours: Showroom One Tuesday, Thursday and Friday 9.30 - 4.30 Saturday 9.00-12.00 Showroom Two Monday, Tuesday, Thursday and Friday 10.30 – 2.30 Saturday 9.00 – 12.00 Premises: The business operates from two prominent premises with advertised shop fronts, and are fitted out to a very high and professional standard. Full details available. Assets owned by the business Both showrooms are fully stocked with various bathroom and kitchen designs. Financial Information: 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. The business has achieved a history of excellent turnover and profits consistently over the last 15 years. Turnover to 31st March 2023 £234,303 Gross profit circa £119,515 Net profit circa £71,563 The Asking Price of £180,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £180,000 assumes a NAV of £50k with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £50k. A complete asset list is available. Reason for Sale: This is a retirement sale. Support and Training: The existing director and shareholder will provide full support and training to any purchaser.