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South West Cast Stone Product Manufacturer with £1.04m Turnover & £215k Net Profit in Devon

Undisclosed, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    09/12/21

  • Advert ID

    287285

  • Reference

    BRS 3101 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £675,000
  • Rent: £30,000
  • Turnover: Not Applicable
  • Net Profit: £215,000

Key Features

  • Retirement Sale
  • Accounts Available
  • With Car Park
  • Established Business

Business Details

Manufacturer of cast stone products, South West, £1.04m turnover and £215k net profit

Offered for sale is this robust, thriving manufacturer and retailer of cast stone products for sale into the construction, architectural and monumental masons business sectors.

The business has a healthy product mix that serves multiple markets and a diverse product range that attracts enquiries from across the UK. Based in the South West, the premises is superbly fit for purpose and the processes and procedures employed have been developed and refined over the last 30 years of our the vendor’s ownership of this company. Moreover, they have an un-patented USP which is highly relevant in today’s climate-conscious society. This business is a super example of raw materials being input into one end of the production process and finished product at the other end being loaded on to palletised transport lorries for delivery to the customers. It’s a slick process!

The business has always been under family-run ownership and employs around 16-18 staff members. The business is ready for acquisition by an entrepreneur who is ready to inject pace and energy into the business and ramp up the already-healthy profits that are being realised. 

This is a retirement sale, with the owners available for a comprehensive handover period to the new owner.

Turnover £1.04m for FY 22 with £215k readjusted net profit.  

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Manufacturer of cast stone products, South West, £1.04m turnover and £215k net profit - BRS 3101 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.