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Retailer and Installers of Gas and Electric Fires, Fireplaces, Woodburning Stoves & Solid Fuel Fires

Ref. AG136

Location : Kent

Asking Price : £115,000

Turnover : £640,000

Net Profit : £80,000

Gross Profit : £224,000

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking Price: £115,000 + SAV

Asking price includes:

Turnover circa £640,000 per annum

Gross Profit circa £224,000

Adjusted net profits circa £80,000

Client data base of approximatly 6,500

Excellent prime shopping centre location

Around three million visitors per year

All associated tools of trade

Business Profile

This business retails and installs a wide range of multi fuel stoves and a large selection of fires and fireplaces. The fireplaces are on display in the company showroom and feature surrounds in Cotswold Stone, Timber, Limestone, Granite and Slate.

Founded in 2005, the business has enjoyed sustained growth, attributed in part to being located in one of South Englands busiest garden centres, which attracts three million visitors per annum.

The company use only Gas Safe or HETAS registered engineers and operate a maintenance agreement for its customers of which there are currently circa 6,500 on its database.

Equipment:

All associated tools of trade are included in the sale, along with four vans.

Customer Service:

A substantial volume of new business comes from referals and the company prides itself on its customer care reputation.

Key Strengths:

Without doubt one of this company’s key strength is its location; having negotiated a large retail space within one of Kent’s largest and most successful Garden Centres, attracting over three million visitors per annum. Along with more than six thousand, five hundred happy customers on the data base the future growth pattern is assured.

The business works only with the best quality manufacturers and products available, following up to ensure installation dates are met and the company reputation is upheld.

Growth and Expansion:

Areas of expansion to consider includes online sales, chimney sweeping, gas fire servicing plus boiler service & maintenance, electrical testing and general maintenance to properties.

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £640,000 per annum

Gross Profit circa £224,000

Adjusted net profits circa £80,000 (before owner salary).

Premises:

Occupying a retail space of circa 1,500 sq. ft, the showroom is in a prime position within a major garden centre which attracts approximately 3 Million visitors per annum. There is also a large warehouse storage unit with a fully equipped Service Office.

Business Hours:

Monday – Saturday: 09.00am - 5.30pm

Sunday: 10.30am - 4.30pm

Employees:

An experienced team is employed who can fully advise customers.
2 x Directors – 1 of which is a HETAS registered installing engineer
1 x full time sales person
1 x part time sales people
1 x full time Gas Safe registered installing engineer
1 x full time HETAS registered installing engineer
1 x full time Service/Finance Administrator in Service Office
1 x retired part time warehouse operative working 1 day a week

Support and Training:

The directors are willing to stay on in order to facilitate a smooth handover and would be available to stay if required by separate negotiation.

Reason for Sale:

The company has grown organically and now finds itself at a crossroads; the current owner  changed profession and decided it is an excellent time to pass the business on in order that it can be taken to the next natural level.

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