* Included in Asking Price
Manufacturers of Bespoke Joinery Supplying Primarily Building Contractors/ Architects & Designers
Location : Essex
Asking Price : £125,000
Leasehold – Relocatable
Asking price includes:
Turnover circa £281,772 per annum
Gross Profit circa £183,520
Net profit circa £44,147
Net asset value £85,000
Excellent trading history – high end services
High Net Worth Repeat Clientele
Superb leasehold production facility
This business was founded by the vendor, becoming incorporated in 2000. Since inception the business has built up an excellent reputation for the manufacture and supply only (not installation) of bespoke fine joinery, including window frames, doors, bars, stairways, counters etc. Work is primarily for building contractors, with 98% of revenue being from building contractors for high end users.
The service provided is manufacture and supply only of very top end, bespoke, made to order pieces. Operating from a large very well equipped workshop of circa 3,600 sq. ft. the company use modern procedures & technology that guarantees precision in the products.
The vendor has built up a superb team of key joiners and subcontractors who ensure the business operates smoothly on a day-to-day basis.
|Facilities:||The vendor is very flexible regarding the premises. Circa 3,600 sq. ft. the modern building is just 7 years old with a mezzanine office and parking available.
The freehold building could be available, if required by the incoming party, under separate negotiation at the current valuation of £300-£350,000.
Alternatively a new lease could be arranged at an annual rate of approx. £15k - £20k per annum (TBA) or the business could be relocated to suit the buyer.|
|Competition:||The company operates with a small client base, some of which have used this companies services for in excess of twenty five years.. The business enjoys high levels of repeat business through word of mouth recommendations. However, it could benefit from a more strategic medium/long term sales and marketing campaign to the current client database.
Investment in a company website to showcase the quality of the produced joinery with photographs and testimonials could prove to be a great success in attracting additional enquiries.|
|Growth Potential:||The business has enjoyed consistent levels of business and the market outlook remains constant. Business has capacity and processes in place to manage any increase in business that is sourced through additional marketing
A new injection of energy coupled with a more strategic sales and marketing approach could certainly increase future revenues and profitability. There are avenues for future growth both within its current geographical area and beyond.|
|Training/Support:||Support and training will be provided for the new owner to ensure a smooth transition of ownership.|
Seller Reference #GE092
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