Business description

Manufacture and Sales Business. Fitted Bedrooms and Home Studies. Established in the 1980's. Fully self-contained manufacturing and showroom premises in superbly presented condition.

The company operates an active marketing program with sales staff who advise and generate new business from residential customers. The furniture is then manufactured on the company premises before being sent out to site to be installed by the company's fully trained fitters.

Cashflow is excellent with a 50% deposit on order and full payment on completion of installation. Typically the company has a 3 month order book which has been maintained throughout the current economic downturn.

There are around 25 staff across all disciplines all fully employed on PAYE status.

Sales turnover is circa. £1.5m with net profit (NPBT) before Directors drawings of £196,000.

Property information

Property:

Leasehold

Lease terms:

The premises are offered on a new lease on terms to be agreed.

Location:

Precise location can be provided after we receive a fully completed Non Disclosure Agreement. The business is located in the Southern Counties of England.

Premises details:

A new lease is offered. Suggested rent for these premises is £22,000 - £24,000 p.a.x.

Other information

Support & training:

Full handover offered. The M.D./Vendor works part-time and has a trusted management team. However he is quite willing to provide full support and handover for an agreed time.

Reasons for selling:

Retirement

Trading hours:

Monday to Friday and Saturday mornings.

Furniture / Fixtures value:

£80,000 (included in the asking price)

Inventory / Stock value:

£31,000 (included in the asking price)