Total of 18659 firms and businesses for sale today Tuesday 30th April 2024
Sold. Bespoke Joinery Company- Manufacturer & Installation Domestic & Commercial
LISTING DETAILS
Firms For Sale ID:
32790
Vendor reference:
GE077
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£239,950
Turnover / revenue:
£160,000
Net profit / cashflow:
£40,000
Years established:
20
Trading hours:
Monday – Friday: 0800-1700
Saturday AM if required
Number of employees:
3
Employees / staffing:
The vendor is very much hands on and works in the business 4 days a week. The company also employs two full time joiners who are highly skilled and trustworthy.
OTHER DETAILS
Reason for selling:
The current owner wishes to retire so he can pursue his other pastimes
Support and 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.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Bespoke Joinery Company- Manufacturer & Installation Domestic & Commercial
Ref.GE077
Location Cumbria/South Lakes
Asking Price £ 239,950
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.
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.
Market / Competition / Non-Competition Agreements
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.