Shop Fitting Company With Large Manufacturing Facilities And Established On Going Client | | Undisclosed Kent | | Shop Fitting Company with Large Manufacturing Facilities and Established On-Going Client Base Confidentially offered for sale Ref No: IK244 Location: Kent Leasehold Asking price: £1,500,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51214
ADVERT IMPRESSIONS : 10,372 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £1500000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This highly profitable and busy Shop Fitting company was established by the vendor in 1989. Since that time the business has grown to the now sizeable operation to be one of the leading manufactures of cabinets and shop fixtures and fittings in the country. With a streamlined factory unit, and the latest ‘State of the Art’ machinery at disposal, the business takes orders from design, through estimation, manufacturing to supply and fit. The company has built an exceptional reputation, and is not only a member of the National Association of Shop-fitters, but also has the unique status of being the approved installer for an association in a very buoyant retail sector, whose membership includes thousands of independent shops nationwide.
This preferred status brings in a constant stream of enquiries and orders for complete re-fits and new build retail outlets from the industry. Along with many repeat clients nationally and the on-going high levels of recommendation and referral from the extensive list of satisfied clients over the past 20 years, the business is assured of a healthy future project book, and stable earnings with high profit levels.
The business has the capacity that others in the market cannot compete with. This provides a flexibility to the provision of skilled staff to finish all projects on-time and to the highest levels of workmanship. The in-house manufacturing also allows for strict quality control as well as extra profit margins in a competitive industry. Based out of Kent, the business is now one of the market leaders in the South East, and can accommodate work nationally and supply fabricated units to fitters across Europe.
Equipment: The business has assets which includes but is not limited to the following:-
A design department including a main server and 3 workstation PC’s for CAD. This is integrated with the Microvelium software management suite which can send designs straight to the fabrication machines in the Factory, and print out specifications on an A0 printer.
In the factory there is a Biesse Beam Saw, 2 Bisesse CNC Routing centres, a Biesse Edge Bender and an NC Altendorf Dimension Saw. There is a large compressor and numerous joinery tools, routers, moulders and power tools for finishing. The business operates with 2 Company Vans, a Pick-up Truck and 2 Company Cars. Plant, Machinery and other assets are conservatively valued at approximately £300,000.
Customer Service:
The business prides itself on the levels of customer service and attention to detail. With the skills and capacity on hand, the business can complete works and fit-outs in time constrained and high pressure environments, which other companies simply cannot compete with. Jobs are always finished for approval on-time and to budget. The pride in the company values and the workmanship is apparent through-out the workforce, from design, factory floor and on-site fitters. This is shown by the testimonials, levels of referral, and importantly the hard won and valuable unique approved status.
Key Strengths:
The capacity is obviously a great asset to the business, which has limited competition in the market for time pressured fit-outs. This combined with the lengthy trading history, levels of repeat business, and preferred supplier status for associations, national retailers, and key clients results in consistent levels of on-going trade and future orders.
The ability to produce all cabinetry, fixtures and fittings in the sizeable factory unit means the company can control quality, costs and margins, resulting in a profitable and strong going concern.
Growth and Expansion Opportunities:
This business is primed for future growth. The current product range and services can be offered to a wider geographic area for both supply and fit, and supply only to shop-fitting companies further a field or via a satellite operation.
The Factory machinery and skilled workforce has the ability to easily move into similar furniture such as kitchens and bathrooms, or to move along the lines of a standardised product range. This can be achieved with limited impact on direct overheads by increasing operating hours to a 24 hour shift pattern. There is also every opportunity to market the bespoke design, manufacture and fitting services to the private sector.
Employees:
Currently the vendor of the business is the Managing Director responsible for all business administration, operations and some price work and quotations. Full-time staff include a Logistics Manager who assists the vendor in handling overall operations and managing the project sites, and a Production Director whose main responsibility is the Factory. In the Design department is a CAD Manager, and 2 CAD Operators. There is a Receptionist and Admin Clerk handling all office work. The factory employs a Production Manager, 3 Mill Operators and 8 Joiners. The majority of the staff have been working with the company for at least 6 years, and up to 15 years plus.
In the field, the company currently employs 2 teams of Fitters, who although are on a sub-contract basis, have been working exclusively with the company for around 10 years.
Advertising and Marketing:
The business conducts minimal advertising and marketing, and has been working at full capacity for the last few years from on-going business, recommendation and referral. There is a corporate website which is currently under re-construction.
Business Hours:
Monday – Friday: 7:30 am – 4:00 pm + overtime (Factory)
9:00 am – 5:00 pm (Office and Design Dept)
Security:
The premises are alarmed, and there is a perimeter security fence with steel gates to the yard. The building has security grills to all loading entrances, and a coded entry to the reception.
Financial Information:
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.
Turnover circa £2,000,000, Gross Profit circa £500,000, Net assets £300,000
Profit before interest, depreciation, tax Director’s remuneration and benefits £250,000
Adjusting for Depreciation, Amortisation, Directors Benefits and Sundries would bring the annual Net profit to approximately £250,000.
Plant & Machinery, Vehicles and other Assets are conservatively valued at around £300,000.
Reason for Sale:
The vendor has a large property portfolio which he is looking to manage. He believes the business is now well placed to be taken forward under new ownership from a very profitable and stable founding.
Support and Training:
The vendor is agreeable to a period of handover and training for the successful transition of business operations to new ownership.
| | | | | | FOR SALE | | | | | REFERENCE: | IK244 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
