A family run business with over 35 years’ experience of providing services in Ireland and prides itself on its reputation for excellence in providing the high quality flooring & luxury furniture in Ireland. Their product range includes herringbone flooring, laminate flooring, vinyl, carpet, beds, mattresses, rugs, dining sets, armchairs, sofa suites, lockers, chests, wardrobes, etc. They work with the best suppliers, builders, fitters, upholsterers and designers in Ireland: the flooring fitting team has over 30 years' worth of experience in-house and the fitters are the best in the business; unrivalled in quality and professionalism. The company provides services for both residential customers, SMEs and large Irish businesses. They also specialise in furniture recovery and have on-site upholsterers who custom make furniture, headboards and various bespoke pieces.
- Asking Price:
- €1,200,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- €3,722,480
- Net Profit:
- €214,561
Property Information
- Location:
-
The property benefits from a retail warehouse environment.
Single-story unit with prime road frontage c. 22,900 sq. ft. (2127 sq meters)
Ample car parking on site for staff and customers.
Planning for small coffee shop in the front of the facility.
- Premises Details:
-
Founded in 1986 at its current premises in Sallynoggin, the company was at the forefront of the explosive growth of Dublin in the 1990s and 2000's, expanding along the way. The company increasing its online presence during covid and streamlined its brick and mortar operations at its Sallynoggin site.
Business Operation
- Expansion Potential:
-
There is potential for increased sales revenue, margins and cost savings. The site itself is one of the largest privately owned retailers in South County Dublin with plenty of opportunity to add capacity to improve on the current model with minor improvements. On the marketing side, there is scope to increase sales 20-30% by just improving the online presence; while there is a currently a website and online business, all service queries, upgrades, SEO & adwords are intermittent since it is currently staffed on a part-time basis only. The same can be said for the management of the Inventory & PoS system; though the system is powerful, it is still not being used for stock control. Considering the buying power of the business, there is potential to streamline and optimise existing supply chains and purchase larger containers from suppliers to achieve savings hurdles as much as 50%.
- Competition / Market:
-
Considering the bespoke nature of the company and services that it provides, there are no privately owned competitors with 20km of similar size; though, there are other large global retailers such as IKEA in travelling distance. M. Kelly does have an online business and will be able to compete with other online businesses and smaller boutique shops with minor effort.
- Reasons for selling:
-
retirement
- Trading hours:
-
Monday - Saturday 09:00 - 18:00 & Sunday 12:00 - 17:00
- Employees:
- 15
- Years established:
- 1986
Other Information
- Support & training:
-
12 weeks
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- €143,100 - included in the asking price
- Inventory / Stock value:
- €650,000 - included in the asking price
