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BUSINESS REFERENCE : GB080 / RightBiz MANUFACTURER OF WALL PANEL SYSTEMS & TOILET CUBICLES | | | | | | Manufacturer of Wall Panel Systems & Toilet Cubicles To Office Blocks, Schools, Hospitals, Airports, Leisure Centres and Supermarkets Confidentially offered for sale Ref. no : GB080 Location: Northamptonshire Leasehold - Renewable Asking price: £420,000 | | | BUSINESS LOCATION: | Undisclosed Northamptonshire UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | LEASEHOLD: | £420000 | | | | | | | | | | | BUSINESS DETAILS: | Company Profile
This highly regarded business was founded in 1992 and has grown since to become a significant enterprise with a regional reputation among its many blue chip customers, predominantly building companies, joiners and shopfitting companies, for the quality of its products and service, honesty and reliability.
This business offers many advantages to customers, allowing a strong relationship to build up which improves product quality at all stages in the development and production process a commitment which has lead to consistent long term trading relationships.
The business offers a comprehensive range of high quality engineered toilet cubicles, vanity units, post formed duct panels and wall panel systems covering every level of technical requirement and quality demand appropriate to their end use and market, many with uniquely designed features and it is this business’s ability to operate in such detailed ways in determined volumes that creates a clear difference between this business and competitors meeting the customer’s needs for cost, productivity, delivery and quality.
The business operates from a prime location in Northampton and has invested significantly in state of the art technology and implemented it to maintain the careful balance between cost and quality, providing exceptional value for money and combining ease of delivery through exclusive in-house manufacturing, to the customer with maintained manufactured integrity.
The business has the technical and manufacturing capacity to increase production within current operations.
For 16 years, the business has offered customers a comprehensive range of high quality engineered products and has a loyal and long term regional customer base, some of whom have relations with the business extending as far back as the first days of trading.
In short the business offers a new owner:
§ An outstanding International reputation for quality and reliability
§ Highly trained, long-serving staff, with excellent product and technical knowledge
§ 16 years experience in the end-of-line packaging industry
§ Technical expertise product solutions to meet individual requirements
§ Price competitive offering with room to increase margins
§ Site Survey, and Design, CAD Drawings & Installation
The business is further supported by exemplary relations with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
With the benefit of comprehensive facilities, the highest possible quality through key business areas has been maintained and conforms to British Standards where appropriate and to stringent strength and test standards. The business has also maintained significant control over costs in an increasingly competitive and demanding market.
The ability of this business to grow and sustain its profitability is due in no small part, to the business’s strong commitment to investment in people and technology, significant in maintaining the profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
Customer Service
The business manages many customers nationally and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspects of customer management and satisfaction considered by the business is honesty from which comes customer confidence and delivery turnaround times, which combined are responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.
Key strengths
The business is an autonomous organisation where the business owner has, over time developed and nurtured a reputation and team capable of overseeing business operations effectively, reducing the need for constant input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the continuing presence of the vendors.
The business is well established and profitable, with a strong, large and growing customer base. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis.
The company has earned an outstanding reputation for its value for money, honesty, service, reliability, efficient orders and deliveries, excellent quality work, ability to deliver multiple products, cost control and highly skilled, experienced staff. All of which is driven by the strong culture of innovation and commitment to people, technology and exclusive manufacturing arrangements, within the business.
Growth and Expansion
This industry sector has been though very hard competitive times and has emerged as one of the tried tested and robust survivors and now the current market for this business is still competitive but growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Business operations are not at maximum capacity and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with current market demand.
The business is constantly innovating and new product revenue streams can be developed into significant contributors to turnover. Added to this the business has determined new opportunities for sales in bespoke and themed products which are showing early signs of growth and success.
Key opportunities
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for products, a full time sales representative combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with new products, geographic coverage, operations capacity and market forecasts which are showing early trends for significant growth and development.
Technology
Suitable administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business.
Advertising and marketing
The business has used only limited advertising in the past but has found greatest success through word of mouth recommendation where a significant number of orders and enquiries are taken. This activity has been intermittently supported by direct marketing of brochures to potential and existing customers, highlighting new and existing products.
The company has an attractive and comprehensive website, there is expectation that turnover and profits will continue to increase through development of this medium, as it consolidates even further the business’s reputation internationally and opens the business to further direct sales.
Employees
The business employs 3x full time and 2x part time office and administrative staff, 6x shop floor staff and approximately 6x sub contracted fitters who with the Vendor are responsible for day to day operations.
Reason for sale
The business is for sale as result of the Vendor’s wish to follow other areas of interest.
Premises
The business is located in an easily accessible area in Northamptonshire with its many key road transport arteries and operates from a modern building circa 5,000 square feet area and including factory, storage and administrative offices on a 500 square feet mezzanine floor.
The premises are leasehold and on a renewable lease. Rent is paid annually at circa £30,000 with rates inclusive.
Financial Information
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.
The business is financially stable with low borrowings, low overheads, positive cash flow, enjoys a strong Order Book, good gross and high net profit and has shown consistent performance over 16 years trading.
Sales revenue is circa £800,000 per annum with pre tax profit of circa £100,000 and our client feels that with a commitment to the opportunities illustrated, the business could dramatically increase its revenues.
Machinery assets are valued at circa £30,000.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GB080 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
