Total of 18659 firms and businesses for sale today Saturday 18th May 2024
Sold. Bespoke Joinery Company- Manufacturer & Installation Public & Private Sector
LISTING DETAILS
Firms For Sale ID:
24282
Vendor reference:
GE058
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£395,000
Turnover / revenue:
£1,000,000
Net profit / cashflow:
£100,000
Years established:
20
Trading hours:
40-Hour week
Number of employees:
1
OTHER DETAILS
Reason for selling:
The current owner wishes to semi retire and spend more time on other non conflicting projects
Support and training:
The vendor is keen to assist in a period of support and training to ensure a smooth transfer of the business to new owners, subject to negotiation. They may also consider staying on in a “consultative” role if so required by a new owner.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises. Existing lease is a rolling one with a 6 month notice period. However a new lease would be made available to a new owner should they so require. Current rent is circa £15,500 p.a. plus service charge. Rates are circa £3000 p.a
BUSINESS DESCRIPTION
Bespoke Joinery Company- Manufacturer & Installation
Public & Private Sector
Ref.GE058
Location Cheshire
Asking Price £ 395,000
This very well established company set up over 20 years ago by the current vendor has built up an enviable reputation in the market it serves by manufacturing, and installing quality bespoke joinery products primarily for the health and education market place.
The company enjoys very consistent levels of trading, together with excellent profit margins from an impressive base of regular clientele, the majority of which are based within the North West of England. The majority of customers work within the public sector and include public sector bodies direct(local authorities NHS Trusts etc) as well as main contractors who serve this market. The company benefits from being specified by name within some tender documentation such is its reputation. The market itself is fuelled by the public sectors need to continually invest in its two most important markets, the heath and education sectors ,as well as the private sectors growing requirements.In addition to this sector the company undertakes private works in a range of differing markets including retail.
The company has a good level of infrastructure and all plant and equipment is wholly owned and well maintained.
The company has a very impressive core base of regular customers, many of whom have been with the business for many years. The majority of clients whom it provides complete project solutions to are based in the North West. However it does have clients further afield whom it provides quality products to on a supply only basis.
Expansion Potential
The business has enjoyed consistent levels of business over the last few years from a very loyal customer base. However the markets this business serves are enjoying good growth rates as investment continues to be made within them, both on a public and private basis. The forecasts for growth in the short to medium term are very positive and this company is well positioned to take advantage of this.