| (REF: GE058) Bespoke Joinery Company- Manufacturer & Installation |
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| Seller Reference: |
GE058 |
| B4S Reference: |
15394 |
| Asking Price: |
£395,000
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| Net Profit: |
£100,000 |
| Sales Revenue: |
£1,000,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Cheshire, Cheshire, United Kingdom |
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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.
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Property: |
Leasehold |
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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. The premises comprise 4500 square feet of workshop and offices. The business is situated on a small industrial estate with good access, external CCTV, alarm and communal parking areas. The business could be relocated if need be. |
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Living Accommodation: |
No |
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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 tender invitations such is its established position within the market.
It does have an informative website but could certainly benefit from further sales and marketing activities.
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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. |
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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. |
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The current owner wishes to spend more time on other projects. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
Yes |
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Is this business part of a franchise? |
No |
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Staff are a real asset to this business, the majority of whom have been with the business for a considerable period of time. The owner is Managing Director and oversees the whole operation. He currently works approx. 4 days a week through choice. The business has a good staff structure and runs efficiently. |
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