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Business for sale in United Kingdom - Ik240-commercial cabinets and bespoke furniture manufacturer-somerset
| Asking Price: | 1,600,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 950,000 £ | ||||||||||
| Net Profit: | 450,000 £ | ||||||||||
| Year Established: | 1988 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description
this company operates in the niche market sector of design, manufacture and installation of cabinetry, furniture and fittings predominately for the health care sector, describing itself as wood panel engineers and laminate specialists. Clients range from architects, main contractors, designers and other distributors or end users. It’s main activity is dental furniture and health centre fit-outs, but also manufactures school furniture, shop fittings, wash room/cubicle type products. The company was formed in 1988 by the existing directors and has grown consistently since that time with a core client bank of around fifty contacts and ten key customers. Clients provide floor plans and specifications working in cad for design and pricings. All work is carried out ‘in house’ by a small team and site installations are completed by sub contract fitters long established with the company. The existing management team are willing to stay with the business making it a highly attractive proposition for either an investor or a hands on active purchaser. Main equipment: • cabinet vision software offering screen to machine ability. • computerised beam saw – label and bar code • computerised fully automated edge bander • cnc machine centre • postforming facilities • factory wood burning / heating unit. Key strengths: • niche market • good margins • excellent reputation • retention of management team • growth market
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | This sale is a balanced exit strategy. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | The freehold of the premises is owned privately by the directors and will be available to lease for an annual figure of £35,000. |
| Location: | The freehold of the premises is owned privately by the directors and will be available to lease for an annual figure of £35,000. The building covers a total area of circa 5000sq. ft. giving ample room for further expansion. There is adequate parking outside and the building is located on a small modern industrial site within a quarter of a mile from the M5 motorway giving excellent access to both the M4 and M5 corridors. |
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