Total of 18659 firms and businesses for sale today Sunday 19th May 2024
Sold. Manufacturer Of Bespoke Fine Joinery
LISTING DETAILS
Firms For Sale ID:
33731
Vendor reference:
GE087
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£750,000
Turnover / revenue:
£2,205,492
Net profit / cashflow:
£197,892
Years established:
22
Number of employees:
32
Employees / staffing:
In addition to the vendor, the business employs 32 staff in various roles.
OTHER DETAILS
Reason for selling:
The vendor is now looking forward to semi-retirement.
Support and training:
Support and training will be provided for a negotiated period of time to ensure a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Manufacturer of Bespoke Fine Joinery
Primarily for building contractors
Ref.GE087
Location North Essex
Asking Price GBP 750,000
This business was founded by the vendor back in 1992 and has since built up an excellent reputation as a manufacturer of bespoke fine joinery, primarily for building contractors, 98% of revenue is work from commercial clients. The service provided is small supply only contracts to large full turnkey site installations projects. There is a wide spread of business and circa 38 jobs currently in progress.
The business operates from a superb manufacturing facility to produce quality, bespoke, made to order pieces that create excellent profits. The use of modern computer technology guarantees accuracy in the products that include hardwood and softwood joinery, including windows and doors, bars, stairways and work counters.
The vendor has built up a superb team of key staff, which ensures the business operates smoothly on a day to day basis.
Expansion Potential
The business has enjoyed consistent levels of business from a very loyal customer base. Expansion could be along the lines of expanding the market offering possibly looking towards interior fitments. The business has the spare capacity and processes in place to manage any increase in business output that is sourced through additional marketing
A new injection of energy coupled with a more strategic sales and marketing approach would certainly increase future revenues and profitability as there are many more potential customers already out there! There are many avenues for future growth both within its current geographical area and beyond.
Market / Competition / Non-Competition Agreements
The business enjoys high levels of repeat business, word of mouth recommendations, specifications and referrals, however, it could benefit from a more strategic medium/long term sales and marketing campaign. There is a very informative website although its online presence could be developed even more. There is currently no external sales representation.