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Kitchen And Bathroom Studio Design & Installation
Location United Kingdom
Asking Price Range $250K - $500K
Gross Revenues $998000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training There will be a full and professional handover available to the purchaser for a period to be agreed as part of the overall negotiations.
Reason for Sale After a long and successful career the directors have decide to take early retirement.
Description Kitchen and Bathroom Studio Design & Installation Business For Sale
Ref.IK230
Location South Wales
Asking Price A175,000
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 clientts satisfaction. The average time from order to installation is four weeks.
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