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Kitchen and Bedroom Design, Manufacture and Installation

Ref. IK181

Location : Dublin, Eire, Southern Ireland

Asking Price : £250,000

Turnover : £277,178

Net Profit : £27,717

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price includes:

Turnover for year end 2011 circa €330,000

Net Profit circa €33,000

Fully equipped manufacturing workshop

Computer Aided Design

Unsurpassed quality showroom

Qualified and highly skilled team

Professional design advice

Lucrative profit margins

Large amount of equipment

Goodwill

Business Profile

Well established with 25 years of experience, this business is one of the leading kitchen and bedroom manufacturing companies in Ireland. The company has an excellent reputation for quality and craftsmanship in manufacturing, design and installation of kitchen & bedroom furniture in a variety of popular ranges and finishes in the mid price range.

All kitchens and bedroom furniture are made and installed to the highest standards, created with style and elegance.

A one stop shop with a personal and reliable service the business gives specific attention to client s wishes and requirements down to the smallest detail including plumbing electrics and tiling, worktops and accessories.

All furniture is manufactured on site with care and attention that is second to none, dealing with the survey, quotation through to supply and fit, giving customers total peace of mind. The team are highly skilled and use the latest up to date computer design software. Furniture carcasses can be manufactured to suit the requirements of any size of kitchen.

A visit to the company showroom gives customers an idea of the range and quality of the products on offer. Every kitchen and bedroom design is created to suit individual lifestyles and enhance customer’s homes, taking into account both functionality and aesthetic appeal.

To achieve this, the business considers four factors, design and originality, functionality, practicality and budget.

The company operates with small overheads relative to the market sector. The business generates good turnover and has established contracts with Dublin council.

The business offers excellent potential and great opportunities to expand upon its loyal client base. Client satisfaction is maintained at all times, and this constant commitment to quality and excellence has achieved a reputation second to none.

Equipment:

The business has a good set of machinery, computerised accounts, and uses ARTICAD design software.

Customer Service:

This business has expertise, highly skilled personnel and reliability. The attention to detail and personal service has attracted and continues to attract new referrals. A measure of the success achieved by the company is the excellent business relationships it holds with many clients, with the priority being to give a helpful and responsive service. It develops and presents all its design and build services with the utmost attention to detail, offering a high quality of service, visually stunning products and guaranteed standards and after sales customer care.

Key Strengths:

This is a flourishing business with a variety of kitchen and bedroom designs and an excellent reputation in the market for close attention to detail and the desire to satisfy customers by listening to their needs. Products supplied include household brand names including Neff and Franke. A complete range of work-tops are supplied in the latest materials providing a winning combination, including popular silestone, laminated, high gloss, granite, solid wood, and glass which give versatility and instant appeal.

Since inception this business has continually grown in strength and is proud of its excellent ethos of precision workmanship, earning it a reputation as a craft based enterprise. It is a well-established company that aims to make the whole process of buying as stress free as possible.

Growth and Expansion:

The business has forged a reputation for itself by providing a quality service. The opportunities for continued success and growth are probably limitless as being the preferred business of many local clients will ultimately generate further business.

Re-location to a higher profile area could substantially increase profits within a sort time period. Business could be grown on reputation and history if the business were relocated to a main arterial route with premises all on one level.

A new owner with sound management experience will maintain enthusiasm, impetus and energy to drive the practice forward thus exploiting existing business opportunities. More consistent marketing and advertising to promote the products and services within the appropriate market sectors could certainly aid future growth.

Financial profile:

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 is financially stable with low overheads and positive cash flow.

Company sales revenue is circa €330,000 per annum with Net Profit circa €33,000.

Advertising and Marketing:

This successful company generates a large percentage of business from client referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation.

The products and services are advertised on the local radio and in the evening papers. The business is also showcased on the user friendly, well-designed web site registered under the company name, which provides easy access to company.

Premises:

The business is located on an established business park that provides well-designed space for this business of three separate sections.

The bright first floor showroom has excellent, quality propped displays featuring a variety of hardwood and hand painted kitchen furniture and appliances and two quality bedroom displays. The ground floor space is utilised as a fully equipped workshop for manufacturing and cutting facilities plus a further assembly/stock room.

The site is very secure with an enclosed yard and has ample parking facilities.

The premises are leasehold and a new lease can be negotiated at circa €1400 per month for the three premises with rates of €4000 per annum. The vendor suggests that re-location to a more high profile area could certainly boost the company turnover.

Employees:

The owner/general manager is responsible for the sales ordering and employs an experienced and skilled local workforce, including one cabinet maker, one machinist and one kitchen fitter. A truck driver is employed as and when required.

Business Hours:

Monday – Saturday: 09:00am – 05:00pm

Support and Training

The vendor will provide full business familiarisation, training and handover.

Reason for Sale:

A stage has been reached where the owner realises the business cannot be taken any further without extra capital and is offered not only as a going concern but also with further significant growth potential. A new owner with management and marketing skills should be able to develop the existing market niches, which the business works in.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk