High-End Bathroom and Tile Sales and Fitting Business
Location : Northern Ireland
Asking Price : O.I.R.O £275,000 + Stock at Valuation
Turnover : £632,000
Net Profit : Undeclared
Gross Profit : £217,000
EBITDA : £107,847
Net Asset : Undeclared
Premises : Not Included
Confidentially offered for sale
O.I.R.O £275,000 + Stock at Valuation + Premises (negotiable for lease or sale)
The opportunity exists to acquire the trading name, fixtures, fittings, goodwill and stock in trade of a business engaged in the sale and installation of bathrooms and tiles throughout a large section of Northern Ireland (“The Business”).
With an impeccable track record over the course of its operations, The Business has gained itself a strong reputation, not only as a provider and fitter of quality bathrooms and tiles, but as bath and tile consultant that closely accompanies its clients every step of the way. As a result, the business has secured a wide swath of customers in the middle to upper segments of the Northern Irish market.Business Profile
Established in 2000 (roughly 18 years) by the current owner and his brother-in-law, the business is run as an expanded family business, with the owner and his wife taking on significant roles in its operations, including purchasing, fitting (the owner), wages, admin (the owner’s wife) and sales (both). The business employs two additional staff members and hires sub-contractors for assistance with fitting, as needed.
Offering end-to-end service, including design consulting, sales (bathroom components and tiles), on-site fitting and more, the business earned a prestigious status in the region, as reflected in its continually growing annual turnover, £632k in 2017. This suggests that it would be to the advantage of a buyer to keeping the businesses operations in its current vicinity.
In terms of day-to-day activities, the business operates along a number of venues, including:
- Phone and field sales to domestic customers
- Display and sales at a large, 9000 sqft showroom
- Onsite fitting of bathrooms and tiles bought from the business
The business described herein offer an excellent opportunity to any purchaser, and is particularly appealing to:
• A husband and wife team looking to hit the ground running in Northern Ireland with a multitude of options to grow the business.
• Active bath and tile companies wishing to expand into or strengthen their presences in the region.
• Firms competing in complementary markets, e.g. kitchens, who would like to increase the scope of their activities.
• Highly regarding and extremely well-established across a large geographical area
• With over 40 years combined experience, it is the only shop in the region providing an end-to-end service
• 9000 sqft show room + 2000 sqft non-developed upstairs space great potential.
• Excellent and varied stock
• Serves the middle and high-end sectors
• Provides service for a large selection of top brand names, e.g. Bosch, Adam’s, HIB, Utopia and others.
• Substantial and growing revenues, with good profitability.
• Numerous opportunities to grow the business, including:
- Boosting up marketing activities with new signage, more local advertising, etc.
- Establishing a channel by forging ties with residential developers.
- Developing a strong social media presence.
- Expanding into complementary businesses areas such as kitchens.
|y/e 31 Dec.||2017||2016||2015|
|Cost of Sales||4,15,000||4,36,000||4,45,000|
For Fixtures, Fittings and Goodwill offers in the region of £275,000 + Stock at Valuation.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
All enquiries or requests for additional information should be submitted or directed to Rupert Cattell at Turner Butler (e-mail: email@example.com) telephone Head Office: 01895 256000
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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