business for sale

Specialist Manufacturer of Kilns and Furnaces for Studio Ceramics and Glass

Businesses for Sale

Sale Memorandum

Specialist Manufacturer of Kilns and Furnaces for Studio Ceramics and Glass


Ref.EA001

Location Re Locatable

Asking Price £180,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
<>
Asking price includes:
Unique modern designs
Gas fired kiln specialists
Excellent range of electric kilns
Fully re-locatable business
Wide range of pottery equipment
High quality manufacture and workmanship
Loyal, experienced and highly skilled workforce
Well known and respected brand
Established and loyal client base
Excellent growth potential
Training and handover
Superb reputation
Advertising
Web-site
Goodwill

Business profile:

Established in 1981 this business is one of the UK’s leading kiln specialists. As well as manufacturing a wide range of high quality electric and gas fired kilns for studio ceramics and glass this business also markets a whole host of pottery related equipment. All of the kilns and equipment are designed and manufactured by this business at their freehold premises in North London.
Specialising particularly in gas fired kilns, the business supplies everyone from the keen amateur potter right through to the large industrial ceramic producer.
With the benefits of lower firing costs and faster firing times this company’s gas fired range has been developed utilizing the latest technology. Available for use with natural (piped) or propane (bottled) gas, manual firing or programmable controls and with super efficient insulation, this range caters for all requirements. There’s even a modular range, able to be built up in sections or added to over a period of time, perfect for installation in areas where access is restricted or for expanding businesses.

This business’s range of electric kilns has many unique features and utilizes the very latest advances in insulation technology. Exact designs vary according to customer requirements and are optimized using computer analysis.

As well as its standard range this business also works to order - manufacturing kilns to specific customer requirements, able to go from initial design to manufacture with a swift turnaround.

This business is also very active in the manufacture of Control and Read out equipment for both gas fired and electric kilns, fault diagnosis systems and markets a wide range of pottery equipment. Its Control and Read Out equipment ranges from the simplest devices that turn a kiln off right up to the more sophisticated electronic thyristor systems that gradually increase the power being supplied to the kiln as required. Its pottery equipment includes pottery wheels, a stainless steel extruder system ideal for porcelain use as well as a unique range of raku kilns ideal for gas or wood firing.

This business continually monitors its product quality to maintain the highest standards. Customer service has been the cornerstone of the success of the business – swift turnaround of customer orders, quality products and superior after sales service.

Key Strengths:
The core strength of this business is the range of modern designs it has developed throughout its product portfiolio. Unique to this business the kilns are attractive, yet functional, utilize modern materials and incorporate the very latest technology, making them as efficient as they are effective.
Almost as important an asset to the business however is the quality of the workmanship and the flexibility of its workforce. In a competitive marketplace excellent customer service is crucial. Many kilns are designed and tailor-made to exact customer requirements. A key part of this business’s offering is its understanding and experience not only of the kiln manufacturing process but also the production process of its customers. This together with the determination of the workforce to deliver a quality product to meet the most exacting customer requirements on time and on budget has helped establish an enviable reputation for this business within its industry sector.
Key Opportunities:
Whilst there will always be a demand for the high quality workmanship of this business there is the possibility of sourcing and marketing a range which incorporates lower cost equipment imported from abroad. This would have the distinct advantage of lowering unit costs and increasing profitability as well as potentially bringing the ownership of the product within the scope of a much larger target audience.
The range of pottery equipment which currently is limited to pottery wheels, an extruder system for porcelain and a range of raku kilns could also be extended into other areas and could be marketed both to the existing base and new customers alike.

Plant and Machinery:

The business has invested extensively over the years in its plant and machinery. All equipment is well maintained. A full inventory is available on application.
Premises:
The business currently operates from its own manufacturing base in North London. The premises are approximately 3,000 square feet mainly on one level. There is space available within the current premises for expansion and growth of the business.
The freehold or the lease of the premises is available subject to separate negotiation, however the business is fully re-locatable.
Marketing:

A high proportion of the leads generated by this business are as a result of word of mouth recommendation and are testimony both to the excellent reputation this business has established for itself in the industry as well as the significant investment it has made in the past in advertising and marketing. Considerable top of mind awareness for the brand and its product range has been built via advertising in trade magazines, features in the trade press, trade shows, exhibitions and PR. It also has had considerable success with its direct sales approaches.

The business has a well designed brochure style web-site and a considerable range of attractive and informative product literature.
Financial profile:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Employees:

The current owner is responsible for the day to day running of the operation supported by four other employees.
Support and Training:

The owner will provide full business familiarisation, training and handover to ensure a smooth and successful transfer of the business.
Reason for Sale:

The owner is planning to retire.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]