Contract Furniture Manufacturer In Cheshire For Sale

Business description

A long established, highly accredited and profitable business, which has continued to thrive despite the recession. The business primarily manufactures high quality contract furniture to Local Authorities and housing scheme clients, for which the business has won an award from a leading furnishing provider. The business is also an established bedroom furniture manufacturer, supplying residential and nursing homes, schools and universities.
The business was one of the first suppliers in the country to manufacture furniture tested and passed to BS4875 part 7 level 4, and severe contract level 5. In addition to this, the business was awarded a Certificate of Excellence in 2003 for Supply Chain Excellence, and in 2009 the company achieved ISO:14001 status for Environmental Management Systems.
Gross profit £1.1 million with operating profit £470k+.
Target sale price is £3m.

Property information

Property:

Freehold

Premises details:

The business operates from spacious, fully fitted and equipped freehold premises in the North West of England.

Business Operation

Expansion potential:

The business has continued to grow in recent years, and has even managed to buck the trend by setting new records during the recession. This has given the business a sound foundation from which it is now ready to build.
The business is constantly developing new, innovative designs, and has recently finalised a range of furniture that is expected to be incredibly successful. This new range, which has been tested by the FIRA, to achieve level 5 certification, consists of severe use contract furniture with a specification that exceeds anything currently available on the market.

Reasons for selling:

In recent years the Managing Director has significantly reduced his working hours, as he is past normal retirement age, and now wishes to retire completely. As this is a family business, his 2 sons will also leave the business when their father sells, but they are willing to remain for an agreed handover period.