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IK221 -Retail and Trade Bathroom Supply Company

Asking Price: GBP 425000
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Business Location: United Kingdom » City of London » North West London 
Category: Retail » Miscellaneous Retail
Description:
Retail and Trade Bathroom Supply Company
Ref.IK221
Location North West London
Asking Price £ 425,000+SAV
After many successful years in the construction industry the vendor established a successful bathroom fixtures and fittings retail business in Harlesden in 1994 with his wife. In 2003, they took over the current business and premises from a company who started trading in the 1960’s as a family plumbers merchant. Due to the long trading history, the owners decided to continue trading under the same trade name.

From the beginning the business has served both retail consumers and the wider trade market. They have stocked mid to high range products, with brands such as Laufen, Grohe, and Ideal Standard, with all consumables, fixtures and fittings. The business is fully independent and enjoys the membership of United Merchants Buying Group, which allows the business to access a range of suppliers, with 1000’s of products, and gain competitive prices. This allows the business to compete with some of the larger national chain stores such as B&Q, Bathstore and Plumbase.

Alongside the retail clients who pass by the prominent location, and come due to recommendation and referral, 50% of the businesses revenue is driven from trade accounts such as local builders, sub-contractors and large clients such as hotels. These clients return not only because of the competitive prices, but also due to loyalty gained over many years of serving local business, with recommendation passed down generations.

The business has been trading stably for many years, and has expanded organically, with extra storage and retail space added over the years, and recently a move into the complimentary kitchen sector.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 700000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1994
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 06
No of trading hours: Monday – Friday: 8:00 am – 5:00 pm Saturday: 8:30 am – 5:00 pm
Reasons for selling:
 The Owners following the successful handover and transfer of the business wish to enjoy their retirement.
Market competition and expansion:
 With such as established presence on the high street, the business is well known in the local community and enjoys high levels of passing trade, recommendation and referral. The trade counter in particular enjoys long stable business relationships, with high levels of word of mouth recommendation. Over the years, the vendors has taken advertising positions in the local press and has conducted leafleting in the local area. In September 2009 the corporate website was re-launched with full on-line ordering capabilities.
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