Commercial Joinery Manufacturer Fixtures Fittings And Equipment Business For Sale

Business description

Commercial Joinery Manufacturer- Fixtures, Fittings and Equipment (F,F & E)
-Public Sector-

This dynamic and progressive company set up over 6 years ago manufacturers and installs quality fitted furniture & interior solutions for health, education and industry, predominantly within the public sector.

The company has enjoyed very impressive levels of growth to date by providing high quality turnkey solutions to its clients, both on a direct and indirect level, and this trend is expected to continue such is the demand for its products and services. The market is fuelled by the public sectors need to continually invest in its two most important markets, the heath and education sectors ,as well as the private sectors growing requirements.

Services include bespoke items such as staff bases & counters together with products such as storage units/cupboards (including mobile & modular), bedrooms, kitchens, internal screens, IPS panels, toilet cubicles, lockers, trolleys, racking and shelving.

With a turnover in the region of £3Million p.a. the company has invested in a very high level of resource and infrastructure to ensure it can meet the exacting needs of the markets it serves so well.

The company has a very impressive customer base and has successfully completed many many major projects for main contractors in their time including hosptials, schools, colleges and museums throughout the UK. Each project cements their relationship still further with their clients and ensures future referrals. The comapany has also taken the time to develop excellent relationships with local authorities & NHS trusts direct and this is starting to bear fruit with many smaller jobs being placed direct with them.

In-house Facilities and Services:

• 12,000 sq ft production facilitity
• Full project management teams
• Large volume and small batch joinery production
• Specialist/Bespoke product manufacture
• State of the art CNC machinery
• Laminating and veneering
• PVC, Hardwood and laminate edging
• Solid surface fabrication
• CAD facilities ensuring correct design to relevant HTM guidelines
• Delivery and installation nationwide
• Value Engineering options if so required

Equipment:

This business has a well-equipped and extensive production facility and utilises state of the art production techniques. The high value equipment is leased. The company has a fully networked suite of PCs allowing directors/staff to work from either the main site or the satellite office situated in the Midlands. The company utilises Sage accounting software and standard Microsoft Office packages. It also has CAD design packages.

Customer Service:

This is the key to the success of the business. All contracts are assigned a dedicated project management team to ensure that the company delivers the service and quality that their clients expect. The project managers are all extremely experienced, well trained and enjoy membership to the Chartered Institute Of Building.

Health & Safety is also key to success in this arena. The company boasts an impressive safety record, being advised and audited by an external health & safety consultancy. The company is working towards BS OHSAS 18001. It is CHAS accredited and 100% of it’s operatives are CSCS trained.

Key Strengths:

• Position in market, the company enjoys “Strategic Partner” status with a significant main contractor and is an approved supplier within the public sector (inc. Interserve)
• Customer base
• Pipeline of future projects
• Accreditations, approvals and qualifications
• Management team
• Infrastructure and premises
• Supply chain partner stuts with several contractors
• Project Management
• Health and Safety

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

This business is growing year on year. Turnover for current financial year circa £2.9 Million. Gross Profits circa £1.3 Million for the year, resultant Net Profits after directors significant remuneration and benefits circa £190,000 p.a. The business has a healthy order book and is anticipating similar figures, if not better, for the next financial year. It has all the necessary infrastructure in place to continue its impressive performance to date.

Property information

Property:

Leasehold

Lease terms:

The unit is leasehold. Current lease is for 10 years. Current rent is circa £41,000 p.a. Rates are circa £13,000p.a.

Location:

The main production facility is situated on a high profile industrial park. The unit is leasehold. Current lease is for 10 years. Current rent is circa £41,000 p.a. Rates are circa £13,000p.a. The unit is circa 12,000 square feet. The majority of this is production space. There are ground floor offices, canteen and staff toilets. There are further offices on the mezzanine first floor. There is ample parking and a substantial rear yard that could easily be utilised if a new owner wished to extend the facility.

In addition the company also owns a smaller freehold satellite site in the Midlands. This is circa 3000 square feet comprising reception, warehouse, kitchen , toilets and offices . Market value is circa £180,000. One of the directors works from this office several days a week for convenience. It is understood that this site is not essential to the day to day running of the business. The vendors are happy to omit this building from the sale should a new owner not require it. Please note the current asking price includes the building. It is estimated cost savings of around £30,000 p.a. could me made if this unit was sold.

Business Operation

Expansion potential:

The business has grown year on year and current growth levels are expected to continue such is the requirement in the markets this business serves. There are many additional areas for growth especially with the fact the business has the ability to increase turnover significantly within its current infrastructure. The production facility certainly has existing spare capacity and there is also the opportunity to expand the current site should a new owner so require.

Competition / Market:

The business does very little in the ways of traditional advertising and marketing. It does have an informative website but could certainly benefit from further sales and marketing activities. In saying that most of its work comes via referrals, approvals and tender invitations such is its position within the market.

Reasons for selling:

The current owners are planning their exit strategies.

Trading hours:

Monday – Thursday: 0800-1630
Friday: 0730-1600

Employees:

Staff are a real asset to this business, from top to bottom. The directors have developed a highly skilled, trained and experienced team that ensures the company delivers high quality solutions, time and time again. The two directors work full time in the business, details below. 1 Managing Director-responsibilities include sales and finance. 1 Contracts Director- responsible for overseeing day to day operations. 1-Production Manager 1-Sales Manager 1-Office Manager 2-Project Managers 1-CAD Operative 8-Manufacturing Operatives 5-Installation Operatives In addition to this the business utilises some 10 agency staff at any one time .

Other information

Support & training:

The current owners are more than willing to assist in a period of support and training to ensure a smooth transfer of the business to new owners, subject to negotiation. They may consider staying on in a “consultative” role if so required by a new owner.