business for sale

Commercial Joinery Manufacturer Manufacturing all types of wood products including wood structures,

Businesses for Sale

Sale Memorandum

Commercial Joinery Manufacturer

Manufacturing all types of wood products including wood structures, window frames and kitchen and bathroom furniture.


Ref.GE040

Location Norwich, Norfolk

Asking Price £ 280,000

Confidential offered for sale

Current turnover is £496,350 with a gross profit of £161,341 and a Net asset value of £60,000 for machinery and tools.

Asking price includes:
Wide range of products and services
Sound investment in technology
Established client/customer base
Computer administration system
Excellent opportunity to grow
All Machinery and Tools
Established client base
Training and handover
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:

Its present owner established this successful, and highly regarded business in 1980 for the provision of making and manufacturing all types of wood products. These include wood structures, window frames and kitchen and bathroom furniture.

Its products encompass the Office, Home, Business premises and Outdoors, and can be supplied in a wide range of wood finishes and styles.

This business prides itself on its attention to detail and high quality workmanship, appreciating that each project is different and therefore needs to be managed as such.

With a turnover of approximately £496,000 per annum and gross margins approaching £162,000 per annum the business still has significant untapped growth potential, which represents an excellent opportunity to acquire a well-established and profitable business.

Equipment:

Suitable proprietary administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business

Included in the sale is a vast amount of manufacturing machinery as well as specialist machine equipment.

Customer Service:

The business aims to produce the products that their customers want. If an item in a special material or finish is required, every effort is made to meet their client’s needs to the highest standards.

Key Strengths:

The company has an excellent reputation and is financially sound. It has low overheads and a top quality work force.
Growth and Expansion:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Key Opportunities:

This is a unique opportunity to acquire a carpentry contract business that is not only extremely profitable, but has tremendous potential for the future. The company would be an ideal bolt-on business for a main contractor or a joinery company wishing to expand, or as a very profitable stand alone company.
Premises:

The business operates from leasehold premises in Norwich. The premises consist of circa 6,000 square foot in total arranged as front office, plus a large workshop. There is room to expand into the double height ceiling space. The workshop is fully fitted with a vast range of machinery, plus a paint workshop area. The building is based on a very secure private site, with good lorry access. Rent is changed at £1,012 per month, with rates charged additionally at £3,500 per month. The lease is available for as long as it is required.

Business Hours:

Monday – Friday 7.30 am – 5.30 pm

Security:

Lock up.
Advertising and Marketing:

No formal advertising is undertaken with a high proportion of the business's revenue arises from strong word of mouth recommendation, bearing testimony to the excellent reputation this business has throughout the industry.
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.

In recent years turnover has shown steady growth. Current turnover is £496,350 with a gross profit of £161,341 and a Net asset value of £60,000 for machinery and tools.
Employees:

The current owner is supported by five full time Joiners, one Brick Layer and one Labourer.
Support and Training:

Full support and training in will be provided to the successful purchaser
Reason for Sale:

This is a genuine retirement sale.
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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