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(REF: IK258)  High quality kitchen and bedroom design and installation
 
Seller Reference: IK258
B4S Reference: 26640
Asking Price: £295,000
Net Profit: Undisclosed
Sales Revenue: £1,030,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: Hampshire, England, United Kingdom
  Business Summary   
  Established over fifteen years ago, this business is one of the leading independent kitchen and bedroom design and installers in its area.

Based on the Hampshire/Dorset border, and conveniently located with easy access to road and rail links, this company services both the trade and domestic sector, operating primarily within a radius of 25 miles of its base – although it is regularly called upon to operate much further afield. It can boast a loyal customer base of privately owned builders and developers and a steady retail order book that stretches months ahead at any one time. Specialising in design and installation of built in kitchen and bedrooms, this business also supplies solus appliances, together with other kitchen components, such as worktops on a supply only basis, or, indeed supply only. A large proportion of the company’s turnover however arises through links to construction companies and property developers operating in the residential property market. The business also operates e-commerce retail channels for the sale of sinks, taps, appliances and related products.

Mainly targeting the mid market sector, this business is very much a ‘one stop shop’ providing a full design, supply and installation service and if required, the management of minor structural changes necessary in conjunction with a refitting assignment, working with a number of tried and tested sub contractors. Job values on the retail side average between £13k and £30k with trade contracts ranging from £20k at the bottom end but can be as high as £500k.On average the business would expect to complete approximately 200 kitchens per annum, with typically three per week being made for trade customers - with a further twenty to thirty bedrooms completed per annum. Kitchens are purchased from leading British manufacturers which include Ultima, XY Made and Unitech, as well as Rot Punckt, a German imported kitchen range. The Company has direct buying accounts with the Electrolux Group, Bosch, Hotpoint/Indesit, and is currently negotiating with the Miele Appliance Company.

The business has an excellent reputation for high levels of workmanship – with its own directly employed fitting teams. And post sale the same high levels of service are maintained with any ‘snagging’ issues dealt with promptly and efficiently. To manage the very high levels of activity and to support its excellent sales and management team, the business uses the Planit design package and the SMART management system. Used as very effective and efficient design and management tools, these technologies have enabled the company to absorb significantly increased levels of business, without a corresponding increase in support staff, and, hence, overheads.
  Property Information   
  Property: Leasehold
 
  Living Accommodation: No
  Competition   
  Well established, this business has little need of massive investment in marketing benefiting from high levels of awareness. Awareness is maintained via regular, low cost advertising in local glossy lifestyle magazines and the profile is further enhanced by the Company's five sign written vans.

The Company has an attractive, informative and easy to navigate website with a number of associated links. The site performs well in all major search engines for all appropriate search topics. The business is also featured on yell.com and thomsonlocal.com. By far the most effective form of marketing for the business however, is its excellent reputation for quality and service, resulting in strong word of mouth recommendations.
  Support and Training Offered   
  The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading, even to the extent of being available on a part-time consultancy basis post sale to make available his considerable knowledge of the area to maximise the on-going potential for further growth.
  Reason for Selling   
  This is a genuine retirement sale.
  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 Staffing   
  The current Owner is responsible for the day-to-day operation of the business supported by three full-time and three part-time office staff including an Office Manager and a Designer. There is also an Installations Manager and three directly employed fitters augmented by tried and trusted sub-contractors as and when required, plus a Van Driver. There is also a part-time bookkeeper.For structural works involved in a re-fitting assignment, the business calls upon an excellent pool of craftsmen representing all of the key trades – plastering, tiling, electrics etc as and when required.





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