Business description

The company was registered on 28th September 2004 and commenced trading on 2nd January 2005. The company was designed, built and developed by the current Director who retains a full time role in the company.

COMPANY PERFORMANCE SINCE START UP
2005 2006 2007 2008
SALES £261,013 £653,026 £1,079,297 £1,395,631
COGS £156,284 £321,914 £531,823 £710,295
GROSS PROFIT £104,729 £331,112 £531,823 £685,336
EXPENSES £65,992 £220,078 £236,276 £278,990
NET PROFIT
(PRE TAX) £37,420 £108,815 £314,640 £406,346
STAFF No's. 3 7.5 10 10

REASON FOR SALE
New business ventures have attracted the Director’s attention and whilst he finds running start up businesses challenging and rewarding, he does not gain the same satisfaction from running the business day to day. He is therefore a motivated seller. He is willing to provide a handover period of 1 day per week for 6 months.

NET ASSETS (tbc) £130,000
PROFIT MULTIPLE (3 - in current climate) £810,000
TOTAL SALE PRICE £940,000

Property information

Property:

Leasehold

Lease terms:

10 years with 3,4 and 5 year break options.

Leasehold rent:

£67,500 per annum

Leasehold rent:

£9 per sq ft per annum

Location:

Located just off the main A4 in Slough, Berkshire.

Premises details:

8,000 sq foot leasehold premises with showroom, staff room, Director/ Manager's office and office/ reception for 8 staff.
Full Cat 5 Networked office.
5,000 square foot factory/ storage.
3,000 ft2 of external storage in secure yard.
Full CCTV and Alarm system.

Size in square feet:

8,000

Other information

Expansion potential:

Full range of kitchens introduced in January.
Opportunity to franchise to the North and South West.
Further focus on Trade contracts.

Support & training:

1 day per week for 6 months.

Reasons for selling:

Other opportunities/ emigration

Trading hours:

9-5:30 Mon-Fri
9:30-1 Saturday

Furniture / Fixtures value:

£100,000 (included in the asking price)

Inventory / Stock value:

£40,000 (included in the asking price)