| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,704 TIME(S)
BUSINESS REFERENCE : IK188 / RightBiz IK188 -WARWICKSHIRE-£ 500,000-MANUFACTURER OF BESPOKE FURNITURE FOR BEDROOMS, KITCHENS AND STUDIES | | | | | | Manufacturer of Bespoke Furniture for Bedrooms, Kitchens and Studies Ref.IK188 Location Warwickshire Asking Price £ 500,000 | | | BUSINESS LOCATION: | Undisclosed Warwickshire UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £500000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Turner Butler are delighted to be appointed sole selling agents for this company, which has never been brought to the market for sale before.
This business has been trading very successfully against forecast turnover and profits during 2008, and represents an outstanding opportunity for an entrepreneurial new owner.
Initially, this business formed part of a much larger 25 year plus multi national company representing several different lines of product offerings. Being based at their headquarters in London the Directors have now elected to split this Midlands based facility away from their core business interests in London, but in doing so have created an extraordinary opportunity for a more locally based owner.
To give a solid platform to a business which is essentially fairly new, the parent company have agreed to offer a supply contract to the new owner for a minimum of two years and a minimum value of £2,200,000. This will give the new owner the necessary springboard of time and turnover to develop their own style and customer base.
The business is also extremely well placed for logistics, being close to the main Midlands motorway network and the affluent Towns of Stratford upon Avon, Royal Leamington Spa, Kenilworth and Warwick, with huge retail potential.
The company manufactures quality made to measure furniture for bedrooms. kitchens, studies and home cinemas etc. The production facility also benefits from being adjacent to an upmarket showroom facility which, at time of press, has been displaying and selling products made by this company. This showroom facility may also be available by separate negotiation should the new owner wish.
Equipment:
The company owns and maintains an array of machinery and tooling in order to produce its various products.
Growth and Expansion:
With the modern trend of smaller living spaces, the need for custom made in-built furniture to maximise space and storage has never been greater. This factor should provide ample scope for future development and expansion.
Key Opportunities:
The key opportunity here is undoubtedly the offer of a guaranteed contract value of over £2,000,000 over two years. This will provide a backbone of business to develop in to varying markets from, whilst developing a wider customer base
Premises:
Leasehold factory premises with new lease term to be negotiated
Square footage circa 15,000 square feet
Rent : £49,500 per annum approximately
Rates: T.B.A.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler
Employees:
The company currently employs 18 staff full time staff.
Support and Training
All necessary support for handover and training will be provided by the current owners as part of a successful sale package.
Reason for Sale:
The Directors wish to concentrate on core business in London whilst establishing a partnership type agreement with the manufacturing facility. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK188 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
