Kitchen Design & Retailer in West Yorkshire

Ilkley, Leeds
REF: 02182

Asking Price:
£500,000
Annual Turnover:
£166,993
Annual Net Profit:
TBC
Featured
REF: 02182

Overview

Tenure:
Freehold
Established:
1988
  • Well fitted high street showroom
  • Freehold with two tenanted flats
  • Viewing essential
  • Regular ongoing contracts with 3 major national players

Intelligent are excited to offer to the market this exciting opportunity to purchase a profitable kitchen business that holds a large share of the market in England for recycled eco kitchens. The business has utilised its solid contact and supply list that accesses a variety manufacturers and has the ability to work on a quick turnaround with a solid business model.

The business has been trading profitably since inception and still remains in the same hands as the founding owner who successfully filled a gap in the market for the offering of a fully recycled kitchen made from a range of previous materials.

The range of materials is very impressive and can be seen in the showroom. Within a few minutes of perusing the business, there are examples of worktops made from recycled coffee cups and cupboard doors that were once in use as a drinks bottle or a wheelie bin. The finished article is superb and has little differentiation from laminate or acrylic materials. As well as these products, the kitchen supplier also offers non-recycled kitchens and has links with premium appliance distributors such as Siemens.

The business has a firm net profit that can be adjusted to over £150,000PA. There is huge potential to develop this further by increasing product lines. The business could be excellently run as an owner-operated business, although it would certainly be expected to excel of purchased as a bolt-on acquisition. The current owner is looking to sell due to time commitments.

The business occupies the ground floor of a three storey Victorian townhouse style building that takes full advantage of the large amount of passing traffic on Leeds Road. There is a split of use within the building with one floor being classed as commercial and the upper two being classified as residential. The ground floor is entered through a traditional shop front with glazing on either side of a centrally positioned door. This leads into an open plan show room that displays a varied amount of displays over two tiers. There is an open plan office and design room to the back of this which allows for a natural flow and welcoming retail environment. A strong investment focus would be the two separate apartments that split the upper floors of the building. These are currently let out to reliable tenants and gather an annual income of around £18,000.

A profitable kitchen business that holds a large share of the market in England for recycled eco kitchens. The business has utilised its solid contact and supply list that accesses a variety manufacturers and has the ability to work on a quick turnaround with a solid business model.

The business has a firm net profit that can be adjusted to over £150,000PA. There is huge potential to develop this further by increasing product lines. The business could be excellently run as an owner operated business, although it would certainly be expected to excel of purchased as a bolt on acquisition. The current owner is looking to sell due to time commitments.

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  • Situated in Ilkley
  • Located on busy main road
  • Plenty of passing trade
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
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Annual Net Profit
XXXX
Stock at Valuation
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Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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