Plumbing And Heating Supplies & Upmarket Bathroom Showroom For Sale

Description

Established plumbing and heating supplies business with an upmarket bathroom showroom is confidentially offered for sale. The business is located in London and is available at an asking price of £200,000 plus net asset value.

The asking price includes a turnover of £1,600,000, a gross profit margin of 23%, and a net profit of £63,000. The net asset value totals £325,000, of which approximately £300,000 comprises stock. The business has been established for 45 years and benefits from a premium, long-standing customer base. It is a well-structured and transparent operation with a highly regarded bathroom showroom offering free on-site parking.

This well-established plumbing and heating supplies business operates from six adjoining shop units that have been effectively combined into a single premises. Attached to the retail frontage is an immaculately presented warehouse providing extensive storage capacity and a comprehensive level of stock. The business also operates a popular bathroom showroom with free on-site parking.

Customer service is a core focus of the operation, evidenced by 45 years of successful trading and the retention of numerous long-standing trade accounts.

The business commenced trading many years ago and operates from a prominent retail frontage with substantial storage facilities. A consistent and well-managed trading history represents one of its principal strengths.

The financial performance reflects a turnover of approximately £1,600,000, a gross profit margin of around 23%, and a net profit of £63,000.

The asking price of £200,000 plus net assets, with a total net asset value of £325,000 including stock, net debtor book, and net cash, represents the sale of 100% of the issued share capital of the company. It is understood that the net asset value includes approximately £300,000 of stock.

The company’s established professional reputation and long-standing market presence eliminate the need for advertising expenditure.

The premises comprise five shop units and one additional shop combined into a single space, providing approximately 15,000 sq ft, together with an adjoining warehouse maintained to a high standard. There are two designated parking spaces outside the shop, and the bathroom showroom also benefits from free on-site parking.

The business employs five full-time staff and two part-time staff. The managing director is willing to provide an extensive handover to support a smooth transition.

The issued share capital of the company is offered for sale as a going concern. All financial discussions will take place directly between the vendor and interested parties under the guidance of Turner Butler.

The sale is prompted by the retirement of the older shareholders.