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Manufacturing

Stone, Clay, Glass & Concrete

THE BUSINESS Advent Business Sales have been instructed to offer for sale this well established business which has been successfully trading since 2000. The vendor has reluctantly decided to sell due to deteriorating health reasons and personal commitments. Our client has built up a good reputation which enjoys a high percentage of repeat custom. The business specialises in manufacturing fine art canvasses box, frame, picture frames and mirrors. All work is carried out to a specific standard with over 200 regular customers and a further access to over 150 in addition. The products are then sold to retailers such as furniture and fireplace establishments, where they display and sell the product. The marketing is channelled through regionalised agents, who work for the vendor and actively look to achieve a regular sales pattern. Turnover at present is not as expected, this is due to the vendor s ill health, which has hampered his involvement and day to day running of the operation. This business has the base and formula to treble turnover within a short frame of time and this is a conservative estimate. Advertising is done through leaflet distribution, local papers and through regional agents. A high proportion of sales are via recommendation and competitive pricing. The business is staffed at manufacturing level by the vendor and 1 full time and 1 part time employee. The vendor is willing to offer his assistance in the form of a hand over period to ensure a smooth transition. The business has been valued by the vendor accordingly to ensure a quick sale. Current stock at valuation is in the region of 150,000, which the vendor is looking at reducing this considerably in the next few months. TRADING HOURS Mon Fri: 9.00am 5.30pm Sat: 9am 12.30pm FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 100,000 Gross Profit: 45% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES 2 light industrial units with efficient sales and workshop areas, consisting of the following: Ground Floor Unit 1: Entrance Ground floor sales showroom with displayed art, pictures and mirrors Office Further showroom to first floor with an additional office Deceptively large and spacious manufacturing workshop and storage areas Equipped to a high efficient standard including: MDF board cutter, glass cutter, plastic cutter, mount cutter, heat seal machines, electronic cutting machine, manual cutting machine, underpinners Compressors Finishing tables A range of hand tools Unit 2 Is used for over flow storage, although this site is optional

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