Established Plumbing and Heating Supplies Business

Established Plumbing and Heating Supplies & Upmarket Bathroom Showroom Business.

Asking Price: £200,000 plus NAV.

Location: London.

Asking price includes:
Turnover: £1,600,000.
Gross Profit: 23%.
Net Profit: £63,000.
NAV £325,000 of which c£300k is stock .

45 years established.
Premium long standing customer base.
A very straight and comprehensive business.
Very popular bathroom showroom with free onsite parking.

Business Profile:
This exceptional plumbing and heating supplies business operates from six attached shop units effectively converted into one. Adjoined to the shop front is an immaculately presented warehouse which boasts unbelievable storage and comprehensive levels of stock. There is also a popular bathroom showroom which has free onsite parking.


Customer Service:
Customer service is paramount. This is borne out by 45 years of successful trading and the retention of many long term trade accounts.


Key Strengths:
The business commenced trading many years ago. It operates from a superb prominent shop front and storage unit. A smooth and impeccable trading history is its major key strength.


Financial Performance:
Turnover c. £1,600,000.
Gross profit c. 23%.
Net profit: £63,000.


Asking Price:
The asking price of £200,000 + net assets (total net asset value including stock, net debtor book and net cash is £325,000) is for 100% of the issued share capital of the company. We are advised that the NAV includes c£300k of stock.


Advertising and Marketing:
The company`s long standing professional reputation removes the need for any advertising spend.


Premises:
Five shop units and one shop blended into one, providing an area of approximately 15,000 sq ft adjoined to an immaculately presented warehouse. There is also 2 designated parking spaces outside the shop. The bathroom showroom also has free onsite parking.


Employees:
There are 5 full time employees plus 2 part time. The managing director is prepared to offer an extensive handover.


Financial Information:
The issued share capital of the company is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties.


Reason for Sale:
Retirement of the older shareholders.