Asking price: £450,000

Sales revenue: £1,000,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is pleased to offer to the market this extremely well established new and reconditioned pallet and packing case manufacturer, which has been trading successfully for the past 25 years.

The current owner initiated the business and it has been in his contact ownership ever since.

The owner is reluctantly selling due to retirement.

On average the company makes 4000 new pallets and also packing cases a month and sells up to 2800 second hand and/or reconditioned ones.

The company also advertises on Yell.com but most business is either by repeat orders or recommendation.

Security on the site is in the hands of a 24 hour guard and guard dog.

Stock at cost is approximately £60 – 70,000.

REF: 8884WS

Years established: 25 years

Employees: 11 full time employees plus the owner and his wife staff the business.

Trading hours: Mon-Fri: 6.00am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 3 years (longer is negotiable) Remaining lease: 3 years Review every: 3 years Rent: £27,242 per annum We are advised that the annual business rates are currently: £928 per month

Living accomodation
BUSINESS PREMISES At the entrance there is a calor gas store and 1 large portacabin office with kitchen area and w/c. Next to this is a workers area with w/c’s locker area, table and chairs and hot and cold drinks machines. Continuing along the left hand side, we come to the manufacturing area. First bay is mainly cutting, the second bay is second hand reconditioning, the third is construction and the fourth area is horizontal cutting of second hand pallets, prior to reconstruction. All around is new and reclaimed timber, neatly stacked according to size and type. Stacks of second hand pallets ready for reconstruction and new and refurbished items ready to be moved to designated storage areas. From this area we move into the main storage yard, which is neatly regimented into pallets and packing cases according to size and end use, ready to be shipped out. At the far end of the yard and to the right hand is the transport loading area. Vans & Lorries include: 2 x 7.5 tonne (one box, one flat) 2 x 1.75 tonne pick ups (flat) Fork Lifts: 1 x 2.5 tonne gas powered 1 x 2.5 tonne diesel powered 1 x 3 tonne diesel powered Main equipment: 2 x cross cut saws 1 x bandsaw (stenna) 1 x large flat bed saw 1 x horizontal cut (dismantling band saw – new) 1 x very large pillar drill 1 x screw compressor (new) and resevoir Handsaws and circular saws 16 compressed air nail guns 1 x office computer, desks, chairs and filing cabinets

Location
Our clients business is conveniently located in the West Midlands, close to the Black Country route and the M6 motorway. From this location it has convenient access to the whole of its business base as well as occasional customers in Manchester, Coventry and London. The majority of its customers lie within a 50 – 60 mile radius.

The West Midland area alone offers fantastic trading for our client’s products.

Expansion potential
Recently the owner has been slowing down by choice but with 28 staff a couple of years ago, they were turning over £1,700,000 per annum. The work is still there, scope is massive.

Financing available
Please let us know if you require finance for the purchase of a business.

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