Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £336,000 with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner has operated the business to suit his lifestyle.
• An easily run operation.
• Good loyal well trained installers.
• A good first time buyers business.
• Business from recommendations only.
• Very well known business for quality and service.

Phoenix Business Transfer Agents are delighted to place onto the market this kitchen retailer and installer, which has been established since 1998 by the owner. He now wishes to sell to retire.

This very good business opportunity provides high quality complete bespoke kitchens, appliances and worktops.

The concern employs no staff but has 1 self employed installer.

The owners’ role is very hands on and he works full time.

The owner does not market the business at all and relies mainly on recommendations.
As far as competition is concerned there is only one other similar business in the area but they are very new and have yet to establish themselves.

The client base consists of clients who require middle market kitchens of quality.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include bedrooms and other products.
• With the introduction of a website and e-commerce.
• Increase stock levels.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2007 was £336,344 with a gross profit of £55,741 and a net profit of £24,907. The present value of the stock is £0 and the fixtures fittings and equipment are worth £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £650,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 6 years with 1 year remaining. The rent is £11,850 and the rates are £3,000 pa.

Location:

This superb business opportunity is situated in Tring in the County of Hertfordshire .It is on the main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.
The location is well linked to Aylesbury and the M25 and M1.The business has clientele from within a 20 mile radius, from Bedfordshire, Hertfordshire and Buckinghamshire.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 30 ft x 50 ft. The front is branded with an attractive glass front. The main customer service area is carpeted with a good display of complete kitchens.

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include bedrooms and other products.
• With the introduction of a website and e-commerce.
• Increase stock levels.

Competition / Market:

As far as competition is concerned there is only one other similar business in the area but they are very new and have yet to establish themselves.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

Retirement.

Trading hours:

The business operates from Monday to Friday between 9am and 5.30pm. On Saturdays the hours are 9am to 3pm.

Furniture / Fixtures value:

£10,000 (included in the asking price)