Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Leading Manufacturer Of A Custom Made Shelving Product Sold Online Nationally
LISTING DETAILS
Firms For Sale ID:
32911
Vendor reference:
IK265
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£125,000
Turnover / revenue:
£302,000
Net profit / cashflow:
£24,000
Trading hours:
Monday – Friday: 8am – 5pm
Number of employees:
4
Employees / staffing:
• 1 x Sales and Machinist
• 1 x Shop Floor Manager and IT specialist
• 1 x Bench Joiner
• 1 x Sprayer
OTHER DETAILS
Reason for selling:
The owner needs to concentrate on his professional career
Support and training:
The current owner is happy to offer a support and training handover to enable a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a circa 4,500 sq. ft workshop with additional offices that are fully fitted and operational. Current rent and rates combined are £31,770 per annum.
BUSINESS DESCRIPTION
Leading Manufacturer of a custom made shelving product sold online nationally
Ref.IK265
Location Ilford, Essex
Asking Price £ 125,000
This business works closely with architects and property developers, designing, maufacturing and installing kitchen cabinets using a bespoke software design computer system that creates a range of products specifically designed to meet client's individual requirements.
The business is a fully approved Corian fabricator and installer.
In addition the company runs a very successful on line bespoke shelving division. As a leading manufacturer for these products, which are sold on-line nationally, the shelving side of the business would be an excellent add on to an established joinery company, as the vendor advises that they would need only 2/3 extra staff to gain another circa £210k of revenue.
The company has grown organically and has reached the point of development that needs a hands on owner.
Expansion Potential
The company is owned by a professional man and would benefit from a hands-on owner who has more time to dedicate to the high demand of this fast growing market.