Hilton Smythe welcomes to the market The Freestanding Kitchen Ltd.
The business are specialists in the design, manufacture and import of quality bespoke rustic pine and oak kitchen units with wood or granite work surfaces.
There is a database of circa 6000 people, whose details have been gained from the company's own website or from trade shows.
The kitchens are mainly sold initially on line and buyers are from as far away as Scotland and France. In fact the business also has a display area in an antiques centre just out side of Perth in Scotland.
The wood is imported from Vietnam to save on costs, but it originated in Europe and America.
The average order value is £5,000.
The company was founded approximately 9 years ago.
The business comes to the market as the owner wants to move on to different business ventures.
There are several website names the main one being Freestandingkitchen.co.uk and thefreestandingkitchen.co.uk.
The owner is prepared to stay on for up to a couple of months to help with the smooth transition of the business.
A Renault Traffic Van is included in the sale.
We are advised that the unit next door to the showroom is currently empty, therefore allowing the potential for the showroom to be expanded.
TENUREWe are advised leasehold and there are two leases, one for each building.
The showroom is on a rolling lease arrangement at £250 pcm, £3000 pa.
The warehouse was originally a 3 year lease with approximately 6 months remaining at £31,680pa inc VAT.
The landlord of the showroom is the owners father and will renew at the same terms and conditions.
The landlord of the warehouse, Kit Speakman is also willing to extend.
HOURSOpening hours for the showroom:-
Monday to Friday 9.00am-5.00pm
Saturday hours could be extended
STAFFThere are currently 3 full time staff in the warehouse, with the owner attending 3 hours each morning.
Showroom employs 1 sales person and the owner is on site two thirds of the day.
Staff levels could be increased to help sales and demand.
Also casual driving staff are used as and when required.
FINANCIAL PROFILEAs per the latest set of accounts turnover is in the region of £873,000 with a gross profit at circa 46%.
The Freestanding Kitchen Ltd operates from two premises in Essex.
The showroom in located in White Colne on the busy commuter road A1124. The showroom is close to neighbouring towns including Colchester, Braintree and Halstead. Located in a former farm stable block with other businesses and offices, with ample parking in the courtyard area for vehicles.
The warehouse is located in Witham, Essex with easy access to the A12.
There is currently a small showroom consisting of two rooms, showing 4 kitchens, from one of these rooms there are stairs leading to the office.
As previously mentioned the unit next door could be utilised.
There is also a warehouse of circa 8000 square feet.