Successful franchise business for sale Gosport
ASKING PRICE: £210,000
£200K - £500K
Profitable kitchen makeover franchise for sale
An outstanding opportunity to take over the longest-established Dream Doors franchise and drive turnover and profits in a largely untapped local marketplace.
About the Business
Kitchen makeovers are big business – and there is huge potential to increase turnover here as the franchisee, looking forward to retirement, has not been actively pursuing extra custom, including in the untapped territory of the Isle of Wight.
Dream Doors refreshes kitchens by supplying new doors and worktops, but also creates made-to-measure kitchens from scratch and redesigns layouts as needs change. It’s a burgeoning market, and the Gosport franchise – the longest-established in the network – has its showroom, storage, and parking all in one place, next to a revamped shopping centre that brings additional footfall.
Dream Doors’ few competitors don’t offer bespoke units to fit existing spaces, so customers often come as referrals.
This is a proven, profitable business with excellent Gross Profit at 43%, and net profit at just under £56,000 in 2020.
With retirement looming, the existing owner opted for a comfortable lifestyle rather than exploring its growth potential to the full, which meant sales leads weren’t pursued with the vigour that an incoming owner can capitalise on.
But that untapped potential is as nothing compared with the unexplored territory of the Isle Of Wight with its population of 141,000 and an awful lot of kitchens that could do with a facelift.
The current franchisee, who knows the business inside-out as he’s been responsible for training incoming franchisees for the network for many years, believes a satellite office on the Isle Of Wight would be more than justified by the potential extra business it would generate.
Other businesses in the Dream Doors network are generating a turnover in excess of £1m, with excellent profit margins, highlighting the potential for the new owner.
About Dream Doors
Dream Doors was established in 1999 and today boasts more than 95 units throughout the UK. It is a sales and marketing management franchise at its core, allowing for a scalable business with potential to grow significantly through a focus on working less ‘in’ and more ‘on’ the business.
Recently, Neighbourly acquired Dream Doors and welcomed the brand to an even bigger franchise family, adding additional training, support and resource to help franchisees prosper.