Plumbing and Bathroom Supplies with Lucrative Development Opportunity For Sale in Essex- Business 4 Sale .co.uk

Business Summary

HISTORY

• Established by vendors in 1987
• Freehold showroom purchased to sell primarily to trade customers
• Additional leasehold showroom established three years ago to cater for the private domestic market
• Excellent local reputation nurtured over many years
• Incorporated 2007

PRODUCTS

• Bathroom items including, sinks, showers, WCs and baths
• Full range of bathroom accessories and fittings
• Full product range from basic bathroom to exclusive designer items
• Wide range of hardware items, tools and accessories
• 4,000 individual product lines stocked, covering all trade and private plumbing requirements

SERVICES

• Unrivalled source of advice to private and trade customers alike
• Design, supply and fitting of bathrooms
• Local deliveries undertaken

CUSTOMERS

• Approximate 50/50 split between trade and personal customers
• Reliable and repeat customer base of local tradesmen and plumbing firms
• Domestic market tends to be top end affluent Essex market

SUPPLERS

• Very wide source of supply both direct from manufacturers in UK and abroad
• Traditional wholesalers
• Products stocked include Merlyn,
Rak Ceramics, Roman, QX, Crosswater, Novellini, Showerlux and Kudos

FINANCIALS

Turnover
2008 £1,283,614
2007 £1,200,545
2006 £1,169,234
2005 £1,187,321

• Gross profit margin typically 20% - 22%
• Reconstituted net profit in excess of £100,000 per annum
• Rental income from eight letting rooms at freehold site generates approximately £25,000 per annum
• Consistently profitable and reliable business
• Stock holding approximately £50,000

OVERHEADS

Staff £58,163
Rent £27,000
Rates £7,059
Gas/Electric £3,108

STRENGTHS

• Sound and solid local reputation generated over two decades
• Superb modern retail showroom
• Substantial repeat customer base
• Consistent trading performance year on year
• Excellent website
• Located in densely populated area of South Essex
• Knowledgeable and experienced staff

VIEWINGS

• A non disclosure agreement will have to be signed and returned prior to any further information and viewings

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Freehold

	Lease Terms:	• Leasehold or Freehold • Rent: £27,000 per annum • Original Lease: Two years • Remaining: One year • New lease available if required • Freehold premises would be available solely as a development opportunity if required

	Living Accommodation:	Yes

	Details of Accommodation:	• Freehold site located in an area of mixed residential and commercial properties comprising: • Trade counter • Store area to rear with appropriate racking and shelving • WC • Large trade showroom area • Eight first floor double letting rooms with three shower rooms, WCs and kitchen area • Ample off road parking in yard • Separate container storage in yard • Leasehold site located on a modern industrial estate surrounded by complimentary businesses comprising: • Large retail showroom recently equipped to a very high standard showcasing the latest bathroom designs • Office area • WC • Store to rear • Unrestricted parking to front

	Location:	• Two showroom sites based in densely populated area in South Essex • Ample parking at both locations • Ideally positioned to exploit large base of trade and personal customers

Growth Potential

• Opportunity to develop freehold site with outline planning permission for 14 two bedroom flats with build out figure approximately £1,750, 000
• Additional marketing initiatives
• Development of website
• Targeting new trade customers
• Opening of additional sites within the area

Reason for Selling

• Retirement

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

• Mon to Fri: 8am to 5pm
• Sat: 8am to 12 noon
• Sun: closed

Summary of Staffing

• Two founding directors
• Four staff including salesman, plumber, counter assistant and administration

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