Business for sale

Business description

Advent Business Sales are delighted to offer
to the market this extremely ell established
specialist bespoke furniture manufacturer,
which supplies both the domestic and
commercial markets.
Originally founded by our client in 1987, the
business is only now being reluctantly
offered for sale as he wishes to retire.
The business has four main items within its
product range, which are all produced and
designed to meet the customer’s specific
requirements.
Home furniture includes office, study,
kitchen, bedroom and bathroom. Commercial
furniture has restaurant serveries, drinks
bars, kitchen cupboards and rest room
facilities.
The audiovisual range has plasma screen
display furniture and video conferencing
facilities.
Finally, its office furniture includes
boardroom tables, reception desks, lecterns,
and display cabinets, control room facilities
and presentation walls.
The business employs 11 full time staff
including our client in its modern 7000 sq ft
premises. Its success has been built on the
ability to design, build and install quality
products to an exacting timetable.
Although our client wishes to retire, he is
quite happy to either assist during a hand
over period to effect introductions to staff
and customers or to work part time for a
new owner on a semi permanent basis.
We are advised that stock and work in
progress at cost is in the order of £35,000
and has a forward order book of
approximately 6 –7 weeks at any one time.
The business has a fully equipped workshop,
which includes: TBC
REF: 8929RG
TRADING HOURS
Mon-Fri: 7.30am – 5pm
Sat: 7.30am – 12 noon
EXPANSION POTENTIAL
Although already a successful business, there
is still huge scope to increase the turnover
and profits by:
1. Pushing the supply and fit of corian
work surfaces as an alternative to
marble and granite
2. Offering to do shops and office interior
fit outs
3. Extending the mezzanine floor in the
workshop to create additional working
space
4. Exploring the other working divisions
of existing customers
5. Advertising more, especially in London,
where huge amounts of work is
available
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £600,000
Gross Profit: £215,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Arranged over two floors, this modern
factory unit briefly comprises approximately
7000 sq ft in total of which 5600 is
workshop space with an additional 500 sq ft
mezzanine and 1500 sq ft of offices and
storage facilities.
Two first floor offices are sub let for £550
per month rental income.
Two ground floor offices, showroom and
w/c’s
The premises are also alarmed.
The site has a large shared car park with
spaces for over 100 vehicles.
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 9 years
Review every: 5 years
Rent: £52,000 P.A.
We are advised that the annual business
rates are currently: £16,000
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.