Business
Please quote reference Z-1507
Based in the South West, the company offers a comprehensive range of plumbing, heating and bathroom supplies from leading manufacturers to both trade and domestic customers.
Established in 1997, the company offers a comprehensive range of plumbing, heating and bathroom equipment from leading manufacturers to both trade and domestic customers. At present, the business operates from two branches, both of which are equipped with attractive showrooms. Throughout the company’s 25-year history, it has built up an enviable client base, and has developed an exceptional customer service record with uniformly positive reviews on Google and Facebook.
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The company’s remarkable financial profile bears testament to the quality of the products and services provided, with an outstanding turnover of £2.2M and a gross profit of £481,584 (as per the 2023 accounts). Indeed, the business has a proven history of organic growth, with turnover having increased significantly from 2021.
The business offers an array of products and services that is liable to be expanded, including:
- Plumbing materials;
- Renewable energy equipment;
- Heating equipment;
- Tools;
- Tiles;
- Bathroom furniture and sanitaryware.
The business has a lot to offer the prospective buyer, including:
- A proven history of growth and an impressive financial profile;
- An established client base (75% of custom represents repeat business);
- Long-serving staff, with over 50 years of collective industry experience;
- Experienced managers in place who can operate the business independently of the shareholders;
- Two purpose-built units with attractive showrooms;
- Included in the sale of the business are two vehicles – a Mercedes Vito and a Ford Transit Connect van;
- Ample scope for growth – e.g. via expanded online sales and entry onto e-commerce platforms (e.g. eBay), and via expanded product ranges;
- Buoyant market – the market size of the Plumbing, Heating & Air Conditioning Installation industry in the UK has been valued at £18.7bn with further scope for growth in 2024.
Highlights –
- A proven history of growth and an impressive financial profile;
- An established client base;
- Long-serving staff, with over 50 years of collective industry experience;
- Experienced managers in place who can operate the business independently of the shareholders;
- Two purpose-built units with attractive showrooms;
- Ample scope for growth;
- Buoyant market.
Opportunites –
- Expansion of product range;
- Increased focus on renewable energy supplies;
- Entry onto e-commerce platforms; and
- Strategic marketing (e.g. email campaigns).
One of the shareholders is happy to offer a handover period to ensure a smooth transition.
Location
Located in the South West Of England.
Premises
Operating out of rented premises.
Tenure
Leasehold basis.
Hours
Due to the nature of the business, it operates all year round.
Staff
Experienced team of staff in place.
Financial Profile
- Financials IRO £2.2m
- 100% share capital
- Interested parties will be required to sign an NDA
