Retailer and Installers of Gas and Electric Fires, Fireplaces, Woodburning Stoves & Solid Fuel Fires
Location : Kent
Asking Price : £110,000
Turnover : £640,000
Net Profit : £80,000
Gross Profit : £224,000
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Not Included
Confidentially offered for sale
Turnover circa £640,000 per annum
Gross Profit circa £224,000
Adjusted net profits circa £80,000
Client data base of approximatly 6,500
Excellent prime shopping centre location
Around three million visitors per year
All associated tools of tradeBusiness Profile
This business retails and installs a wide range of multi fuel stoves and a large selection of fires and fireplaces. The fireplaces are on display in the company showroom and feature surrounds in Cotswold Stone, Timber, Limestone, Granite and Slate.
Founded in 2005, the business has enjoyed sustained growth, attributed in part to being located in one of South Englands busiest garden centres, which attracts three million visitors per annum.
The company use only Gas Safe or HETAS registered engineers and operate a maintenance agreement for its customers of which there are currently circa 6,500 on its database.
All associated tools of trade are included in the sale, along with four vans.
A substantial volume of new business comes from referals and the company prides itself on its customer care reputation.
Without doubt one of this company’s key strength is its location; having negotiated a large retail space within one of Kent’s largest and most successful Garden Centres, attracting over three million visitors per annum. Along with more than six thousand, five hundred happy customers on the data base the future growth pattern is assured.
The business works only with the best quality manufacturers and products available, following up to ensure installation dates are met and the company reputation is upheld.
Areas of expansion to consider includes online sales, chimney sweeping, gas fire servicing plus boiler service & maintenance, electrical testing and general maintenance to properties.
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 circa £640,000 per annum
Gross Profit circa £224,000
Adjusted net profits circa £80,000 (before owner salary).
Occupying a retail space of circa 1,500 sq. ft, the showroom is in a prime position within a major garden centre which attracts approximately 3 Million visitors per annum. There is also a large warehouse storage unit with a fully equipped Service Office.
Monday – Saturday: 09.00am - 5.30pm
Sunday: 10.30am - 4.30pm
An experienced team is employed who can fully advise customers.
2 x Directors – 1 of which is a HETAS registered installing engineer
1 x full time sales person
1 x part time sales people
1 x full time Gas Safe registered installing engineer
1 x full time HETAS registered installing engineer
1 x full time Service/Finance Administrator in Service Office
1 x retired part time warehouse operative working 1 day a week
The directors are willing to stay on in order to facilitate a smooth handover and would be available to stay if required by separate negotiation.
The company has grown organically and now finds itself at a crossroads; the current owner changed profession and decided it is an excellent time to pass the business on in order that it can be taken to the next natural level.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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