Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Granite & Quartz Worktop Company
LISTING DETAILS
Firms For Sale ID:
28793
Vendor reference:
GD096
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£190,000
Turnover / revenue:
£452,000
Net profit / cashflow:
£225,000
Years established:
7
Trading hours:
Monday – Friday: 0800-1800
Saturday: 1000-1600
Number of employees:
7
OTHER DETAILS
Reason for selling:
Health reasons
Support and training:
The vendor would be more than happy to provide a comprehensive handover period. However it is not envisaged this would need to be a lengthy process as the vendor has experienced and knowledgeable staff in place.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from large leasehold premises on an industrial estate. Current rent is £19,400 per annum. Rates are circa £8,750 per annum. A new lease could be made available to a new owner if so required, alternatively it could be relocated.
BUSINESS DESCRIPTION
Granite & Quartz Worktop Company
*In house CNC fabrication and installation*
Ref.GD096
Location Greater Manchester
Asking Price £ 190,000
Established approximately 7 years ago, this progressive and expanding business specialises in the manufacture and fabrication of both granite and quartz surfaces, supplying to the trade, construction and retail sector throughout the North West.
The majority of surfaces supplied are for kitchen and bathroom installations, however the company is also involved in supply for larger commercial applications for restaurants and hotels . Approximately 50% of current sales are to the trade, the remaining 50% being to private/retail clients. Clients include homeowners, shopfitters, architects, business owners, interior designers and kitchen fitters. The majority of clients are located within a 50 mile radius of the business, which covers a very high population base.
The operation runs from a large production facility that enables the business to provide a true turnkey service to all its clients. Having a large production facility also means the company can carry a good level of stock, plus having the capacity to provide very impressive response and turnaraound times, without compromising on quality.
A first rate infrastruture is in place in terms of machinery and capability and the company has excellent agreements with suppliers, purchasing material from a range of different companies.
The company enjoyed good growth last year and forecasts for the coming years are expected to provide strong figures as many of the costs of developing the business have already been incurred.
Expansion Potential
The business has the space and capacity to significantly increase sales revenues within the current infrastructure. A more proactive sales and marketing strategy could certainly stimulate further growth as the business does very little proactive marketing. The market for granite and quartz is strong and expected to remain so for many years.
Market / Competition / Non-Competition Agreements
The business currently advertises in Yellow Pages, Yell. Com and also has its own informative website, which it promotes via Google Adwords. This online exposure could certainly be increased and its website further developed to provide online quotations.