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Business For Sale. Premium Kitchen Showroom, Design & Installations Business

LISTING DETAILS
Firms For Sale ID:
34838
Vendor reference:
SMSB/KITSWL
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£195,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£580,000
Net profit / cashflow:
£125,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
A well established kitchen showroom in a premium South West London location is being marketed for sale. The business designs and installs quality high end kitchens, both of contemporary German designs and also more traditional English handmade kitchens.
Clients are typically homeowners from the immediate affluent locality, attracted by the high end showroom. However, the business does also service a number of contractors, architects and interior designers.
The premises currently consists of showrooms on the ground and first floor with additional office and storage space over 2 further floors, which provide the opportunity for further expansion. The current lease will either be reassigned or a new lease granted.
Products and services provided by the business include German and English kitchen ranges, kitchen worktops including ceramic, quartz and granite, appliances, wood and ceramic flooring and installation and project management services.
The current owner works in the business full-time and will be happy to provide appropriate handover support. There is also a full time design consultant who is expected to want to stay with the business
This represents an excellent opportunity to buy a successful fitted kitchen retail business in an outstanding London location. The business already generates a substantial lifestyle income with additional development opportunities, potentially expanding the showroom, expanding the product range into other interior design products and adding an online digital element to the marketing strategy.
Sales for the current year are forecast at £580,000 delivering profit before owner earnings of c £125,000. The guide price for 100% of shares is £195,000, to include a Balance Sheet at completion with net asset value of c £70,000.
The business is being marketed by www.sellmysmallbusiness.co.uk and please do not try to contact the vendor directly.