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High-End Bathroom and Tile Sales and Fitting Business

Ref. IK283

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


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking price:

O.I.R.O £275,000 + Stock at Valuation + Premises (negotiable for lease or sale)

Introduction:

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

Potential Buyers:

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.

Key Considerations:

• 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.

Summary Results:

y/e 31 Dec.  2017 2016 2015
Turnover  6,32,000 5,64,000 6,45,000
Cost of Sales  4,15,000 4,36,000 4,45,000
Gross Profit  2,17,000 1,28,000 2,00,000

EBIDTA before owners costs: £107,847

Asking Price:

For Fixtures, Fittings and Goodwill offers in the region of £275,000 + Stock at Valuation.

Next steps:

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: rpc@turnerbutler.co.uk) telephone Head Office: 01895 256000

Looking for finance:

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 finance@turnerbutler.co.uk

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 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk