Business Summary:
Ref No: IZ028Asking Price: £98,000 plus SAVLocation: Kent (Fully Relocatable)Asking Price Includes:Turnover c £200,000Gross Profit c £90,000Net Profit c £60,000 (Significantly Higher if new owner works the Business)Over Ten Years EstablishedVery Little CompetitionIntroduction:Turner Butler has been appointed to invite offers of purchase of this well established lapidary. This is an asset sale, the business currently operates within a larger trading company with the trading numbers clearly separated. Business Profile:The lapidary has achieved consistent year on year growth. They only assemble as stock is purchased readymade. They currently have only one UK competitor and enjoy a significant valuable customer base. They utilise efficient CNC machines which are fast and excellent at reducing material waste. Customer Service:Client satisfaction is paramount. This is borne out by long standing relationships with a loyal customer base. They have significantly improved the build quality over the years. Key Strengths:A very simple business model with little competition which can be operated from a 500 sq ft unit.Asking Price:This is an asset sale and the asking price of £98,000 plus stock is for this turnkey operation who`s trading figures are clearly documented. The current stock value is approximately £30k. Full and easy training is included if required.Employees:Current labour expenditure is very low and equivalent to 1.3 workers.Reason for Sale:Our client wishes to focus on and expand the larger element of their business whichis not connected to the lapidary.
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