Kitchen Design & Retailer in West Yorkshire * OPEN TO REASONABLE OFFERS*

Ilkley, West Yorkshire
REF: 02182

Asking Price:
£475,000
Annual Turnover:
£166,993
Annual Net Profit:
£28,021
Featured
Reduced
REF: 02182
Photo of Kitchen Design & Retailer in West Yorkshire * OPEN TO REASONABLE OFFERS*
Photo of Kitchen Design & Retailer in West Yorkshire * OPEN TO REASONABLE OFFERS*
Photo of Kitchen Design & Retailer in West Yorkshire * OPEN TO REASONABLE OFFERS*
Photo of Kitchen Design & Retailer in West Yorkshire * OPEN TO REASONABLE OFFERS*

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 £9,000

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.

Features

Online Presence

Location

  • Situated in Ilkley
  • Located on busy main road
  • Plenty of passing trade

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
£375,000
EPC Rating
C 51-75

Financial & More

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

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