Asking price: £500,000

Sales revenue: £1,400,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Turner Butler are delighted to be appointed sole selling agents for this company, which has never been brought to the market for sale before.

This business has been trading very successfully against forecast turnover and profits during 2008, and represents an outstanding opportunity for an entrepreneurial new owner.

Initially, this business formed part of a much larger 25 year plus multi national company representing several different lines of product offerings. Being based at their headquarters in London the Directors have now elected to split this Midlands based facility away from their core business interests in London, but in doing so have created an extraordinary opportunity for a more locally based owner.

To give a solid platform to a business which is essentially fairly new, the parent company have agreed to offer a supply contract to the new owner for a minimum of two years and a minimum value of £2,200,000. This will give the new owner the necessary springboard of time and turnover to develop their own style and customer base.

The business is also extremely well placed for logistics, being close to the main Midlands motorway network and the affluent Towns of Stratford upon Avon, Royal Leamington Spa, Kenilworth and Warwick, with huge retail potential.

The company manufactures quality made to measure furniture for bedrooms. kitchens, studies and home cinemas etc. The production facility also benefits from being adjacent to an upmarket showroom facility which, at time of press, has been displaying and selling products made by this company. This showroom facility may also be available by separate negotiation should the new owner wish.

Employees: With the modern trend of smaller living spaces, the need for custom made in-built furniture to maximise space and storage has never been greater. This factor should provide ample scope for future development and expansion.

Property: Leasehold

Lease terms
Leasehold factory premises with new lease term to be negotiated Square footage circa 15,000 square feet Rent : £49,500 per annum approximately Rates: T.B.A.

Location
Warwickshire
Leasehold factory premises with new lease term to be negotiated
Square footage circa 15,000 square feet
Rent : £49,500 per annum approximately
Rates: T.B.A.

Expansion potential
With the modern trend of smaller living spaces, the need for custom made in-built furniture to maximise space and storage has never been greater. This factor should provide ample scope for future development and expansion.

Support & training
All necessary support for handover and training will be provided by the current owners as part of a successful sale package.

Reasons for selling
The Directors wish to concentrate on core business in London whilst establishing a partnership type agreement with the manufacturing facility.