BUSINESS DESCRIPTION
Ref No: IZ028
Asking Price: £110,000 plus SAV
Location: Kent (Fully Relocatable)
Asking Price Includes:
Turnover c £200,000
Gross Profit c £90,000
Net Profit c £60,000 (Significantly Higher if new owner works the Business)
Over Ten Years Established
Very Little Competition
Introduction:
Turner Butler has been appointed to invite offers of purchase of this well established lapidary. This is an asset sale, the business currently operates within a larger trading company with the trading numbers clearly separated.
Business Profile:
The lapidary has achieved consistent year on year growth. They only assemble as stock is purchased readymade. They currently have only one UK competitor and enjoy a significant valuable customer base. They utilise efficient CNC machines which are fast and excellent at reducing material waste.
Customer Service:
Client satisfaction is paramount. This is borne out by long standing relationships with a loyal customer base. They have significantly improved the build quality over the years.
Key Strengths:
A very simple business model with little competition which can be operated from a
500 sq ft unit.
Asking Price:
This is an asset sale and the asking price of £110,000 plus stock is for this turnkey operation who`s trading figures are clearly documented. The current stock value is approximately £30k. Full and easy training is included if required.
Employees:
Current labour expenditure is very low and equivalent to 1.3 workers.
Reason for Sale:
Our client wishes to focus on and expand the larger element of their business which
is not connected to the lapidary.