Business description

This is a great opportunity for a buyer wishing to live in the West Country and wishing to buy and build a well established debt free business operating in a niche market.

The business has been trading since the late nineteenth century when it predominantly manufactured nets for the fishing industry. Over the years they have diversified into other markets and now make specialist-netting products for the pest control industry that they supply to the wholesale market. They also make a range of nets for the retail gardening market.

The predominant use for the netting is for 'humane bird proofing' of buildings i.e, to prevent birds settling and roosting on buildings,and avoid the consequent mess, damage, noise, & health hazard. Mesh sizes are made specifically for sparrows, starlings, feral pigeons, and seagulls.

The gardening sector use a different type of netting to create framed netted areas for the growth of fruit and some vegetables. The company has also developed an easy to erect, light aluminium frame to support the netting.

The business is now the sole net maker in the UK and is frequently in demand to make special order bespoke nets that cannot easily be sourced elsewhere.

Equipment:

Asset register as follows

Toyo Kogyo TNS (L-42, 1/2" pitch) Net-Making Machine
Toyo Kogyo TXS (0-21, 3/4" pitch) Net-making Machine
plus 'Hot Box' (to suit above machine)

Zang 9mm pitch Net-making Machine
Toyo Kogyo TNS (L-42, 1/2" pitch) Net-Making Machine
Toyo Kogyo TXS (0-21, 3/4" pitch) Net-making Machine
plus 'Hot Box' (to suit above machine)
Zang 9mm pitch Net-making Machine
Net Stretching & Depthwise Heat-Setting Facility

Miscellaneous Assets

Ventilation System
Bunded Heating Oil Tank
'Tooling' for 'walk-in' Fruit Cage footplate & door hinge

Minor Machinery

Platform Beam Scales
Electric Hoist with Carriage
Load Cell Shackle
Singer Industrial Sewing Machine
Pallet Truck

Net Stretching & Depthwise Heat-Setting Facility

Miscellaneous Assets

Ventilation System
Bunded Heating Oil Tank
'Tooling' for 'walk-in' Fruit Cage footplate & door hinge

Minor Machinery
Platform Beam Scales
Electric Hoist with Carriage
Load Cell Shackle
Singer Industrial Sewing Machine
Pallet Truck

Key Strengths:

The only net maker in the UK
Niche market products
Debt free business
Freehold available if required
Long serving and loyal staff

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The company has an average turnover of around £200,000 and has generated generates an average net profit of circa £33,000.

Property information

Property:

Leasehold

Lease terms:

The freehold premises are available to lease for a fifteen year period with three year break points for a sum of £20,000 per annum.

Location:

The freehold premises are available to lease for a fifteen year period with three year break points for a sum of £20,000 per annum. The factory is located on a quiet industrial estate with easy access to all major trunk roads.

Other information

Expansion potential:

There is a large opportunity to grow this business by attacking the retail gardening market and taking on sales agents to market the products. Local authorities, Area Health Bodies and Conservation trusts are all potential customers for these products. A simple website with a shopping cart would also drive revenue in from the gardening enthusiasts.

Competition / Market:

There is presently no marketing activity. The company does not advertise its products or have a web site.

Support & training:

The sellers are extremely keen to see the business continue to flourish and will make sure that they are available to provide a full and comprehensive handover for a period to be agreed as part of the sales process.

Reasons for selling:

The senior partner wishes to retire.