Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Long Established Stone Masonry And Merchants
LISTING DETAILS
Firms For Sale ID:
26800
Vendor reference:
ET023
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000
Furniture, fixtures and fittings included.
Furniture, fixtures and fittings included.
Turnover / revenue:
£500,000
Net profit / cashflow:
Undisclosed
Years established:
21
Trading hours:
Monday – Friday: 7:30 am – 5:00 pm with on-site overtime
Number of employees:
5
OTHER DETAILS
Reason for selling:
The vendor is looking to enjoy semi-retirement and a greater work-life balance. As such, he is open to discussing a longer term consultancy agreement, should that be of interest to new owners.
Support and training:
The vendor is agreeable to a negotiated period of training and handover for the successful transition of operations to new ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are on leasehold, with 9 years remaining on a 10 year lease. The terms are exceptional, with annual rent of circa £12,000, and business rates of circa £6,700
BUSINESS DESCRIPTION
Long Established Stone Masonry and Merchants
Ref.ET023
Location Buckinghamshire
Asking Price £ 500,000
This profitable and respected Stone Mason was established in 1990 by the vendor of the business. After spending his entire working life in the sector since an apprenticeship at the age of 15, the vendor decided to open the business in an affluent part of the South East and focus on the supply and fitting of high quality stone products, such as bespoke kitchen worktops, fireplaces, fittings for bathrooms and showers, and flooring.
With such a focus on top-end materials and workmanship, the business has built an enviable reputation, and won business on recommendation and referral. Not only does the business work with High-Net worth private individuals over a wide geographic area of the Home Counties to the west of London, but also receives orders from corporate clients and listed building owners such as churches.
The company has built-up strong relationships with other craftsman and trades such as roofing suppliers, and receives regular orders based on plans submitted by Interior Designers and Architects who appreciate the quality of work and material supplied.
The business is a member of the Federation of Small Businesses, and the Guild of Master Craftsman. The company is completely independent and able to source material from a number of international suppliers, in Italy, China and India, who appreciate the approach and prompt payment that the company employs.
Expansion Potential
The business currently offers a wide range of products. There is a real potential to focus on each of these in turn, and start an automated output of kitchen worktops for example. The business has grown organically through recommendation and referral. By utilising some of their testimonials, the business could easily market further a field, and win orders from corporate clients and public sector bodies and land owners nationally.