Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Manufacturer And Installer Of Kitchen & Bedroom Furniture

LISTING DETAILS
Firms For Sale ID:
28994
Vendor reference:
IK251
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£385,000  
Turnover / revenue:
£516,600
Net profit / cashflow:
£65,800
Years established:
1981
Number of employees:
7

OTHER DETAILS
Reason for selling:
The owners wish to sell due to ill health
Support and training:
The current Owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new Owners
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
With a three year lease, Rent is £10,700 per annum with Rates approximately £2,000 per annum.
 
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BUSINESS DESCRIPTION
Manufacturer and installer of Kitchen & Bedroom Furniture

Ref.IK251
Location Surrey
Asking Price £ 385,000
Turnover for the financial year ending March 2009 of £516,600
Gross profits of £172,300
Pre-tax net operating profit of £65,800
Assets conservatively estimated to be in the region of £245,000

Market / Competition / Non-Competition Agreements
Well established and enjoying high levels of awareness and repeat business from previous customers the business invests carefully in marketing and advertising. Very effective directional signage including a highly targeted presence on a large roundabout close to the location of a major competitor, ensures high levels of awareness and traffic to the main showroom. Its second newly opened showroom widens its geographical presence, as does its implant in a locally based major electrical appliance retailer – secured on a commission only basis.

The business also has a very well designed and informative website, however, by far the most effective form of marketing for this business is the excellent referrals it receives from existing customers delighted with the quality of product and high levels of customer service they have received