| (REF: 9668DN ) Granite Product Manufacturer |
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| Seller Reference: |
9668DN |
| B4S Reference: |
17588 |
| Asking Price: |
£625,000
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| Net Profit: |
£100,000 |
| Sales Revenue: |
£542,289 |
| Number of Staff: |
11 |
| Established For: |
19 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
United Kingdom |
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HISTORY
The vendor has been in ownership since starting the business in 1991. A well known, profitable and respected business throughout the surrounding area.
PRODUCTS
The following high quality ranges of Granite products are sold:
Head Stones
Kitchen & Bathroom work tops
Tiles
Bespoke Granite items
CUSTOMERS
Mainly from the local and surrounding areas, with a high number of repeat and referral trade. No advertising is undertaken.
SUPPLIERS
Several suppliers deliver Granite from worldwide locations to include the following countries.
UK
India
China
Denmark
Finland
FINANCIALS
Accounts for 2009 show sales of £542,289 with a gross profit of approx 20%. 2010 sales are expected to show an improvement of between £580,000 to £600,000.
We have calculated an ANP (adjusted net profit) of over £100,000 for a full time working owner or partnership.
OVERHEADS
Staff £184,393 pa
Rates & Water £7,739 pa
Light & Heat £7,980 pa
STRENGTHS
Excellent location
Extremely well established
Superb premises
Free customer parking
Good management hierarchy in place
Supply and fit to the trade
Extensive plant & equipment
Vendor happy to assist in smooth transfer of the business, and stay on if required by new owner
TENURE
Freehold
VIEWINGS:
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
PREMISES
A prominent, impressive and purpose built premises covering over an acre, and briefly comprising;
Secure fencing
3 x offices (built in 2006)
Canteen building
3 x workshop areas with suction cranes throughout
2 x polishing areas
Sawing workshop
Lettering workshop
Welding workshop with 2 post ramp
External stock area
Large area of land currently unused
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Location: |
Located on a purpose built plot of over one acre of land in a busy town in Nottinghamshire. There is excellent access to the main motorway network. |
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Full time working owner can increase profits immediately
Sunday opening
Expand on product range
Supply direct to public
Introduce website and online sales
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Vendors intentions to retire.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Friday - 7am 5pm |
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There are currently three Directors of which some work part time & one is no longer operating in the business. In addition to the directors there are 11 further members of staff comprising of;
8 full time on the shop floor
2 full time in the office
1 part time
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