business for sale

Bespoke Carpentry & Joinery Company

Businesses for Sale

Sale Memorandum

Bespoke Carpentry & Joinery Company


Ref.GB056

Location South Wales

Asking Price £ 155,000

Confidential offered for sale

Asking price includes:

Work in progress, material stocks, tools and machinery
Time served and highly skilled joiners.
Sales of circa £200,000 per annum
Wide range of products and services
Sound investment in technology
Sales which growing year on year
Established client/customer base
Good collection of sampling
Computer administration system
Excellent opportunity to grow
Office furniture and equipment
Established client base
Training and handover
Vehicles (vans & Cars)
Excellent reputation
Good profit margins
Excellent premises
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This successful and highly regarded business was established by its present managing director in 1988 and became a Ltd Company in 2003. It has grown consistently year on year due to the sound management practices of the owner.
Its core business is the provision of carpentry and joinery services for both the commercial and domestic markets. Forty percent of its turnover is in the commercial sector where it carries out all types of refurbishment work from full refits to doors, skirtings, linings, and staircases. The client base consists of Banks, Schools, Colleges and Job Centres.

The private sector accounts for the remaining sixty percent of the business. This work is of a highly skilled nature and includes one off loft conversions, bespoke furniture, wardrobes, gates, balustrades and balconies.

This business is working to capacity and cannot cope with the volume of available work and requests for its services. It is consistently turning down opportunities, which it cannot fulfill due to its workload.

Customer Service:

The client bank runs into hundreds of satisfied customers and includes twelve key commercial clients for whom they carry out sub contract work.

Key Strengths:

The company has an excellent reputation
Financially sound
Low overheads
Top quality work force
Excellent spread of business
Well positioned for growth
Key Opportunities:

The company is located in an area of South Wales that is seeing the fulfilment of massive urban renewal programmes, huge investment in new build housing projects and large industrial developments.

The company could be grown in line with cash flow to at least double its present size in a relatively short period of time.
Premises:

The company occupy leasehold premises on a well-appointed small industrial estate. The unit covers a total area of two thousand six hundred square feet. These include a small office area and a fully equipped workshop and storage racking. The lease costs £5000:00 per annum and is renewable in December 2007 if required.
Advertising and Marketing:

The business does have a small advertising budget that it uses as and when required. However due to its constant level of work advertising is not a vital business requirement
Financial profile:
All financial information will be made avilable under the auspices of Turner Butler and subject to the usual letters of confidentiality.

The business has a turnover in the region of £200,000 . Adjusted profits before tax are expected to be £40,000.
Employees:

There are two directors
One part time administrator
One time served joiner
Two trainees
One Carpenter
One fitter
One fitter’s mate
Sub contractors as required
Support and Training

There will be a full and seamless handover for a period to be agreed as part of the sales negotiations
Reason for Sale:

The owners have an extensive property portfolio, which they wish to develop further.
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

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