Bespoke Joinery Company Manufacturer & Installation | | Undisclosed Cheshire | | Bespoke Joinery Company- Manufacturer & Installation Public & Private Sector Ref.GE058 Location Cheshire Asking Price £ 395,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 42058
ADVERT IMPRESSIONS : 27,024 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £395,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
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 primarily for the health and education market place.
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 the North West of England. The majority of customers work within the public sector and include public sector bodies direct(local authorities NHS Trusts etc) as well as main contractors who serve this market. The company benefits from being specified by name within some tender documentation such is its reputation. The market itself is fuelled by the public sectors need to continually invest in its two most important markets, the heath and education sectors ,as well as the private sectors growing requirements.In addition to this sector the company undertakes private works in a range of differing markets including retail.
The company has a good level of infrastructure and all plant and equipment is wholly owned and well maintained.
The company has a very impressive core base of regular customers, many of whom have been with the business for many years. The majority of clients whom it provides complete project solutions to are based in the North West. However it does have clients further afield whom it provides quality products to on a supply only basis.
The company also carries out regular day to day maintenance and small projects for various public and private sector clients.
Equipment:
This business has a well-equipped production facility and all plant and machinery is owned by the company.
Customer Service:
Customer service is key to to any business and this company understands the importance of client relationships at all levels. As part of this the business is a member of Construction line.
Key Strengths:
• Reputation
• Customer base-approved suppliers to public sector bodies and main contractors
• Ongoing projects
• Accreditations and memberships
• Staff
• Speed of response
• Health and Safety
Growth and Expansion:
The business has enjoyed consistent levels of business over the last few years from a very loyal customer base. However the markets this business serves are enjoying good growth rates as investment continues to be made within them, both on a public and private basis. The forecasts for growth in the short to medium term are very positive and this company is well positioned to take advantage of this.
Key Opportunities:
As mentioned above future growth within this market is strong. To date the business, by its own admission, has been more reactive rather than proactive in its approach to the market place. A new injection of energy coupled with a more strategic sales and marketing approach would certainly increase future revenues and profitability. There are many avenues for future growth, be it through specification work, further existing client development and new product lines, including fire doors.
The private sector is a huge market in itself and is also ripe for development, not only with regards health and education, but also the retail market, hotels and accommodation.
Premises:
The business operates from leasehold premises. Existing lease is a rolling one with a 6 month notice period. However a new lease would be made available to a new owner should they so require. Current rent is circa £15,500 p.a. plus service charge. Rates are circa £3000 p.a. The premises comprise 4500 square feet of workshop and offices. The business is situated on a small industrial estate with good access, external CCTV, alarm and communal parking areas. The business could be relocated if need be.
Business Hours:
40-Hour week
Advertising and Marketing:
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 tender invitations such is its established position within the market.
It does have an informative website but could certainly benefit from further sales and marketing activities.
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.
This business is well established and enjoys consistent sales year on year from a loyal and impressive customer base. Turnover for last financial year was circa £814,000 p.a. Turnover for current financial year is expected to be circa £1.2 Million. Gross Profits typically in excess of circa £200,000 for the year. Adjusted Net Profits circa £100,000 p.a. for last couple of years. Current balance sheet shows shareholders funds circa £93,000.
The business has a healthy order book and is anticipating similar figures, if not better, for the next financial year. It has all the necessary infrastructure and approvals in place to continue trading successfully for many years.
Employees:
Staff are a real asset to this business, the majority of whom have been with the business for a considerable period of time. The owner is Managing Director and oversees the whole operation. He currently works approx. 4 days a week through choice. The business has a good staff structure and runs efficiently.
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.
Reason for Sale:
The current owner wishes to semi retire and spend more time on other non conflicting projects.
| | | | | | FOR SALE | | | | | REFERENCE: | GE058 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
