Business Summary
Asking price: £239,950
Freehold premises and yard circa £180,000
Consistent Turnover circa £165,000 p.a.
Adjusted Net Profits circa £40,000p.a.
Workshop & Production Facility circa 4,000 sq ft.
All Plant & Equipment (wholly owned) circa £60,000
20 years successful trading
Planning permission for extension
Turnkey solutions
Highly skilled workforce
Goodwill
Stock
Handover
Business profile:
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 for both commerical and domestic clients. Range of products includes doors, windows, mouldings, staircases as well as customer specific designs for shop fitters, builders and individuals.
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 a 40 mile radius of its location. The business could certainly expand its geographical spread further such is its reputation but the vendor has chosen not to pursue this such is the local demand for the company’s products and services.
The company has a good level of infrastructure and all plant and equipment (including CNC machinery) is wholly owned and well maintained. This means the business can provide a complete turnkey solution and ensure the highest quality of product and service.
The company has a very impressive core base of regular customers, many of whom have been with the business for many years. Most of its work comes via referrals and word of mouth recommendations. Staff are highly skilled and loyal.
Equipment:
This business has a well-equipped production facility and all plant and machinery is owned by the company. Equipment includes various CNC machines as well as a whole host of hand tools as you would expect from a high quality joinery shop. The workshop has full dust extraction and high quality 3 phase electrics. Main plant and equipment includes:
• 2 off Chain & Chisel Morticers
• 4 Head Tenoner
• Stacked Head Tenoner
• Copy Lathe
• Planer Thickener
• Resaw
• Panel Saw
• Spindle Moulder & Tooling
• 5 Head Moulder
• Profile Grinder
• 1300 Twin Belt Sander
• Hydrovane Compressor
• Dovetailer
• Cross Cut Saw
All plant and equipment is included within the sales price.
Customer Service:
The business has developed a reputation for delivering high quality products at extremely competitive prices. With time served craftsmen, this dynamic company is innovative and has a passion to deliver excellence both in it’s products and customer service. The company enjoys very high levels of repeat business and referrals such is its levels of customer service.
Key Strengths:
• Reputation
• Infrastructure-highly equipped/high value workshop with time served craftsmen
• Quality-all products are manufactured in-house
• Ongoing projects
• Freehold Premises-opportunity to expand and /or re-develop
• Staff
• Speed of response
• Profitability
Property Details
Other Business Details
Premise Details:
The business operates from freehold premises owned by the vendor. The premises are included within the sales price. Current value is circa £180,000. Rates are circa £4,000 p.a.
Site comprises large manufacturing workshop circa 4,000 square feet with a small store. Workshop has full dust extraction and 3 phase electrics. There is a yard to the front currently used for parking as well as space to the rear of the building.
The vendor has planning permission for a proposed new store extension (circa 650 square feet). Longer term there is also the very real potential to redevelop the site for residential use if so required.
Competition:
The business does very little in the ways of traditional advertising and marketing and this has always been the case. The majority of its work comes via referrals, repeat business, approvals and recommendations.
Expansion Potential:
The business has enjoyed consistent levels of business over the last few years from a very loyal customer base. However the region this business serves enjoys growing demand as investment continues to be made both on a public and private basis. The business has the spare capacity to easily expand its output should a new owner so require such is the level of infrastructure it has in place already. There is also the opportunity to increase the workshop further (planning permission already in place for new extension circa 650square feet) and redevelop the yard, which is not really utilised at present.
Business Operation Details
Trading Hours:
Monday – Friday: 0800-1700
Saturday AM if required
Support & 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 for an agreed period of time
Miscellaneous Details
Reason For Selling:
The current owner wishes to retire so he can pursue his other pastimes
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