Business Summary:
Bespoke Joinery Operation
Ref.GK212
Location Hampshire
Asking Price £115,000
Established over forty years ago, this business is one of the leading manufacturers of joinery products for builders, developers, architects, contractors and private individuals in the Hampshire area. The quality of the workmanship provided by this business is outstanding. Whether its a staircase, a window frame, door or a door frame, expert craftsmen manufacture them to the highest standards. This business specialises in creating top quality products which are tailormade to individual customer requirements. Many of the workforce are longstanding and appreciate the benefits good quality workmanship brings to the business.
Ideally located in a modern industrial unit with easy access to the M27 motorway, a unit acquired by the current owner several years ago, the premises are very well equipped. With the workforce skilled in expert manufacturing methods, and with an excellent reputation for stunning workmanship ensuring items are finished to the highest standards, the business can boast a loyal Client base. Often this business receives orders for work without being required to cost it in advance, reflecting the trust customers have in this business.
Turnover has been at a consistent level throughout – around the £300,000 mark. With a gross profit slightly in excess of £60,000 for the financial year ending September 2010, generating an adjusted net profit of approximately £15,000, this represents an excellent bolt on opportunity for an existing operator in the sector or an excellent start up position for a new entrant looking for a foothold in the joinery sector.
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| Facilities / Terms of Lease:
A modern unit on a large, light industrial estate, this business occupies premises of approximately 2,500 square feet, the overwhelming majority of which is dedicated to the workshop. The estate is within easy access of the M27 motorway offering easy access to all parts of the southern home counties.
The workshop is fully equipped with modern efficient plant and machinery including fixed and portable machines, extractor systems, equipment, benches and stock.
The freehold of the premises is available in addition to the Asking Price and has recently been conservatively valued in the region of £190,000. Rates are approximately £7,000 per annum. |
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