* Included in Asking Price
Unique Interior Design Business & Furniture Manufacturing Company for Corporate and Residential Sectors Flooring, Curtains, Soft Furnishing, Wall Coverings and Lighting
Location Belfast - N. Ireland
Asking Price £ 675,000
Asking price includes:
Turnover circa £1.1 Million per annum
Gross Profit circa £383,000
Assets circa £300,000
Complete turnkey operation
Prominent retail unit in shopping centre location
Superb reputation and high quality workmanship
Large database of major clients
Huge opportunities and expansion possibilities
Excellent supplier relationships
Many years of successful business operations
Corporate and private customer base
Established 30 years this unique interior design business & furniture manufacturing company covers everything a client requires, from initial concept drawings to final positioning of upholstery and fabrics. Having clients from the corporate and residential sectors this is a one stop shop for flooring, curtains, soft furnishing, wall coverings and lighting, plus the company designs framed chairs and gets them upholstered to client specifications, using only quality fabrics.
Understanding clients needs is something the company prides themselves on and therefore offers a bespoke service, ensuring that nothing is off the peg and that a unique product is delivered with workmanship of a truly high standard.
The business has grown steadily over the years and has established an excellent reputation for quality of workmanship and high levels of customer service, the business has the expertise needed to project manage every aspect and design to suit the location, the budget and the client. These skills have contributed significantly to it having built an extensive base of repeat blue chip clients. The impressive corporate portfolio includes hotel receptions, bedrooms, function rooms, reception areas and bars and bistros.
With turnover in recent years consistently in excess of £1 Million, this is an excellent opportunity to acquire a very well established and profitable business.
|Facilities:||The business operates from an excellent prime retail shop in a busy shopping centre. The glass fronted shop is attractive and modern, enticing customers to view the products. Leasehold the premises have a new 5 year lease at £1400 per month. The business rates are £500 per month.
The business also runs from leasehold manufacturing/ office premises. Having occupied the same premises for 24 years the vendor has now downsized to smaller premises on the same business park as their accountants have advised that this could save the business circa £60,000 per annum, without compromising standards.
These premises comprise of ground floor show room, sewing room, upholstery and furniture repair room. There are also offices and staff facilities.|
|Competition:||Well established, the business does little by way of advertising, relying on the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for competitive pricing and high levels of quality workmanship.
Any advertising this business does is fairly limited to yellow pages and in the past advertising in hotel magazines. Possibly the most effective advertising is its shopping centre location with high footfall and its professional company website, which showcases the quality products and services on offer.|
|Growth Potential:||More business could be undertaken, the company has the capacity to increase output and profitability, the large client base has definite potential for added repeat business. Additional work could be gained if the company tendered for it, possibly targeting the fire services, hospitals and schools.|
|Training/Support:||The vendor is happy to provide support and training for the new owner for a negotiated period of time or alternatively would be happy to stay on a part time basis.|
|Sale Reason:||Retirement, to take life a little easier.|
Seller Reference #GK211
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