Kitchen/Bedroom Design & Installation - Hampshire - Business for sale

Established over fifteen years ago, this business is one of the leading independent kitchen and bedroom design and installers in its area.
Based on the Hampshire/Dorset border, and conveniently located with easy access to road and rail links, this company services both the trade and domestic sector, operating primarily within a radius of 25 miles of its base ? although it is regularly called upon to operate much further afield. It can boast a loyal customer base of privately owned builders and developers and a steady retail order book that stretches months ahead at any one time. Specialising in design and installation of built in kitchen and bedrooms, this business also supplies solus appliances, together with other kitchen components, such as worktops on a supply only basis, or, indeed supply only. A large proportion of the company?s turnover however arises through links to construction companies and property developers operating in the residential property market. The business also operates e-commerce retail channels for the sale of sinks, taps, appliances and related products.
Mainly targeting the mid market sector, this business is very much a ?one stop shop? providing a full design, supply and installation service and if required, the management of minor structural changes necessary in conjunction with a refitting assignment, working with a number of tried and tested sub contractors. Job values on the retail side average between £13k and £30k with trade contracts ranging from £20k at the bottom end but can be as high as £500k.On average the business would expect to complete approximately 200 kitchens per annum, with typically three per week being made for trade customers - with a further twenty to thirty bedrooms completed per annum. Kitchens are purchased from leading British manufacturers which include Ultima, XY Made and Unitech, as well as Rot Punckt, a German imported kitchen range. The Company has direct buying accounts with the Electrolux Group, Bosch, Hotpoint/Indesit, and is currently negotiating with the Miele Appliance Company.
The business has an excellent reputation for high levels of workmanship ? with its own directly employed fitting teams. And post sale the same high levels of service are maintained with any ?snagging? issues dealt with promptly and efficiently. To manage the very high levels of activity and to support its excellent sales and management team, the business uses the Planit design package and the SMART management system. Used as very effective and efficient design and management tools, these technologies have enabled the company to absorb significantly increased levels of business, without a corresponding increase in support staff, and, hence, overheads.
This is a very well managed, fitted kitchen and bedroom business which combines the attributes of good growth, steady profits and a loyal, high quality customer base. Turnover for the financial year ending March 2011 was slightly in excess of £1.03m, generating gross profits of almost £405,000 and a pre-tax net operating profit of approximately £96,000. With a forward order book stretching many months ahead, this business represents an excellent acquisition opportunity for a new entrant to establish themselves within the sector or for an existing operator looking for rapid expansion by acquiring one of the top one hundred largest kitchen fitting operations in the UK.