Extremely Niche Freehold Joinery Business With Potential | | Undisclosed Middlesex | | MIDDLESEX FREEHOLD NICHE JOINERY BUSINESS WITH POTENTIAL Specialist CNC mfr of stairs, box sash windows etc Fully staffed/ fully equipped A/T: £455,803 GP: £177,686 NP: £94,851 Huge potential for expansion F/H: £1.5M +SAV REF: 9973UB | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60500
ADVERT IMPRESSIONS : 4,774 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | FREEHOLD: | £1500000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is well located in the heart of a large commercial area in Middlesex
HISTORY
The business was founded by the present vendor almost 25 years ago
REASON FOR SALE
The business is only now being reluctantly offered for sale due to the vendors ill health
PRODUCTS
The business specialises in the CNC manufacturing of stairs, box sash windows, bi-fold doors, architraves and mouldings
Typically a set of stairs can be produced in approx 2½ hours which compares very favourably with the circa 16 hours required by more traditional methods
The machinery can be easily programmed to produce any type of wooden product but is best suited for quantity runs
The business also produces all traditional joinery items which are made by any of the craftsmen employed by the company
Where applicable, any product can have a base paint coat applied in the businesses own spraying area
Windows can also be single or double glazed and all furniture fitted
CUSTOMERS
The businesses customers are mostly within the London area and its surrounding counties and are principally builders and developers.
STAFF
The business has 7 full time staff including the vendor and 2 part time staff who each work only 2 days a week
TRADING HOURS
Monday to Friday: 7am to 4pm
Occasional Saturdays: 7am to 1pm
FINANCIALS
2009 2008 2007
Sales £455,803 £459,916 £421,291
Gross £177,686 £219,585 £176,084
Net £ 94,851 £142,218 £126,962
Stock holding: £40,000
The vendor is prepared to work with a new owner during a hand over period to ensure a smooth transition and to give introductions to staff and customers
PREMISES
The freehold end terraced two storey premises, it briefly comprises:
Ground floor CNC equipment plus traditional machinery, w/c stairs to first floor with large office, canteen, 2 w/cs, spacious workshop, spraying area with extraction
The premises benefit from being double glazed, alarmed with an 8 camera CCTV system which can be viewed anywhere via the internet
EQUIPMENT
The business is fully equipped for purpose with specialist and traditional machinery which includes:
SCM TVN 110 CNC machine
SCM windor 20 machine
SCM superset 6 head moulder
Mebour reesaw
2 tilt spindle moulders
Combination rip saw and planer
Hydraulic morticer
2 cross cut saws
Glazing bar machines, guillotine and half lap
Hoffman jointer
Routers, jigsaws, buscit and dowelling machines
2 bandsaws
Glue welder
Sprayer and spray booth
Hydrovane compressor
1100 wide belt sander
Sanders, routers, cramps
Wall saw (scrieber)
STRENGTHS
An extremely well established business which has been trading for almost 25 years
Very niche specialist CNC machinery which has de-skilled the manufacturing process and dramatically reduced lead times
Consistent levels of turnover at circa £450,000 per annum
The business is able to compete very favourably on price with any traditional joinery business
SCOPE
The business although working successfully, still offers excellent potential to increase both sales and profits substantially in the future by:
Increase the working area
Approaching the major builders and offering their services
Advertise in specialist trade magazines
Employ an experienced salesman to seek out new markets
Also supply domestic customers
Use local council date for planning applications to find new customers
Employ an installation team to fit stairs, windows etc for domestic customers
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9973UB / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
