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Lifestyle Wood Burning Stoves Retailer Installer Wholesaler Includes Stones And Reclaim Salvage BusinessAdvert Id: 56714, Sellers Ref: (BFS1124)
Location:North Yorkshire, Yorkshire
- Sales revenue : £746,000
- Net profit : £83,000
- Furniture/Fixtures value : Undisclosed
- Inventory/Stock value : Undisclosed
Lifestyle Wood Burning Stoves Retailer / Installer / Wholesaler Includes Stones and Reclaim / Salvage Business For Sale
Ref : BFS1124
Location : North Yorkshire, England, United Kingdom
Asking Price : £165,000
Turnover : £746,000
Gross profit : £219,000
Net profit : £83,000
Premises : Leasehold
About the Company
This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are not only attractive centre pieces that produce excellent heat and a pleasant ambience but are also eco-friendly as they burn a renewable energy resource (be it wood, carbon neutral wood fuel and smokeless fuel). The clean- burning technology means they burn at maximum efficiency with low emissions. With the surging prices of oil and gas, using a stove makes both environmental and economic sense to customers. As a result there is an increasing demand for stoves of this genre. This trend is expected to continue in the future. The firm is profitable and well established within its market, providing a one stop shop with a guaranteed range of services at the highest levels of quality. The business is located in a very accessible and pleasant rural location. Customers travel significant distances to view and buy products in these favourable surroundings. The company has developed excellent relationships with its key suppliers and represents all the major manufacturers, enjoying local/regional exclusivity with many. Approximately 90% of sales are retail with the remaining 10% being wholesale business.
The services offered by the business include the sale of a wide range of stoves, the fitting of said stoves via approved sub -contractors, a spares service, stocks of flue pipe and class 1 flexible liners, door refurbishment, fire baskets and accessories, cleaning and maintenance products, paints, polishes and rope seals. The firm has just recently invested in its new showroom to showcase its products and has excellent supply chain relationships so can source spares and accessories quickly and competitively. The size of the firm means that clients appreciate the personal level of service that can be afforded by the employees, paying attention to their needs and providing a tailor made package. The business is a member of the Heating Equipment Testing and Approval Scheme (HETAS). Accountancy is computerised through the use of SAGE.
- Real Estate: The business operates from an idyllic rural location with complimentary businesses close by. Whilst it is rural it is still very accessible with a major A road nearby. The site is circa 3000 square feet with ample parking. There is a large showroom, workshop and offices with additional outdoor space.
- Expansion: This business maintains a base of satisfied customers, who value the company s products and service. The current market for this business s products is growing and is forecast in the near and longer term for further stable growth. With the development of an e-commerce website the business is well positioned to take maximum advantage of this growth as it occurs. The business currently sub contracts the installation service it offers. A new owner could easily take this in house and this could increase revenues by approximately 20%. In the modern world, there are two main issues which affect us all: environmental pollution and economic uncertainty. This business is perfectly placed to take advantage of the effect that these two factors have as it offers products which not only reduce pollution but expenditure as well. There are limitless opportunities for increases in turnover and expansion of the product range as cutting edge technologies and new smokeless fuels are developed. A new owner may wish to lengthen business hours and expand into complimentary products. The website is currently being re-developed and be live by mid October 2013. All the above should see an increase in sales revenues. The business has excellent opportunities to maintain its customer base, as clients will return for accessories, upgrades and repairs as well as generating new sales via referrals.
- Employees: The owner works full time in the business. The business also employs a part times sales assistant.
- Support Training: The vendor will provide a comprehensive support and handover period to ensure a seamless transition of ownership.
- Reason For Selling: The vendor has other business interests and cannot commit the time necessary to fully maximise the opportunities this business has at its disposal. It could easily be scaled up should a new owner so wish.
- Lease Terms: The premises are leasehold. The lease has 13 years remaining and the annual rent is very competitive- circa Â£4,400 per annum. Rates are circa Â£1000 per annum. The business has very low fixed costs.
- Company Details : Ownersellers Limited
- Phone : Click here for phone number
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