Asking price includes:
Turnover for the financial year ending January 2009 of almost £135,000
Gross profits of £56,100
Pre-tax net operating profits of £23,400
Stock of approximately £3,200
Over 25 years of operation
Highly regarded local supplier
Leasehold premises in a prominent location
Excellent reputation for choice and customer service
Large, loyal trade and domestic customer base
Strong growth potential
Training and handover
Goodwill
Website
Business profile:
Established for over twenty five years, with a prominent outlet on the main thoroughfare into this very busy town on the East Sussex coast, this business is one of the best known tile retailers in the area operating in both the commercial and domestic markets. The business has a catchment area of approximately twenty five miles radius.
Well known for the supply and installation of suspended ceilings – the only company in the immediate area able to provide this service - this outlet’s core business however, is the retail of ceramic tiles, tools and accessories including adhesives, grout and sealing products to both the domestic and trade sectors. This business can also arrange fitting through a number of tried and tested sub contract fitters with which this business has worked for a large proportion of the time it has been in operation. Such is the strength of its relationship with its trade customers the business operates a number of informal trade accounts – with accounts settled promptly and without exception at the end of each calendar month.
A business philosophy of selecting only the best products and from many different sources at once, has been at the core of this business’s success which has seen many of its local competitors come and go during its many years of operation. Having in the past imported directly from overseas manufacturers, the business now takes advantage of the accounts it has with several leading wholesalers – capable of delivering to customer order within just a few days.
