Reference: BMB10625
Activities: Premium Kitchen & Bathroom Retailer
Location: South East of England
Turnover: Circa £1,200,000+ (Forecast 2022)
Profit: circa £170,000 (Forecast FY 2022)
Business Overview
BuyMyBiz is exclusively retained to find a purchaser for this premium kitchen and bathroom installation business. Over the past 15+ years, our client has built a business with a strong brand and reputation offering high end solutions for their customers kitchen and bathroom needs. The business is involved in all aspects of the process, including: the design, the supply and the installation of kitchens and bathrooms. The business also offers a design and supply only service for retail clients who already have their own tradesmen. With a double fronted showroom located on a busy high street, the business is positioned in an area populated with a high level of affluent residents.
Significant Goodwill & Business Reputation
The business has developed significant goodwill and a strong reputation over its 15+ years of trading, along with consistent financial performance and year on year profit growth. Due to the high customer service levels, the business also has a significant level of repeat customers with typical installations for kitchens ranging between £25,000-£80,000 per installation and between £12,000-£35,000 per installation for bathrooms.
Year on Year Financial Growth
Reason For Sale
Due to pending retirement our client believes the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm and resources to drive the business forward to the next level.
The Opportunity
Ideally, we seek an acquirer with the requisite experience and resources to take this business to the next level. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.
Excellent Goodwill & Reputation
Established Brand & Business Process
Profitable Business
Loyal Customer Base
Year on Year Growth
Scalable Business
Price
Offers are invited for the trading goodwill and assets (All offers to be based on a cash free/ debt free basis)
The Next Steps
On completion of our non-disclosure agreement and supporting information, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.