Asking price: £499,950

Sales revenue: £1,700,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are delighted to offer to the market this extremely well established staircase, balustrade and handrail manufacturing business, which has been trading successfully for the past 19 years.

The current vendor has been in continual ownership and is reluctantly selling due to a desire to retire.

The company manufacturers a comprehensive range of stairway products from the mass produced items through to one off bespoke items. These are created in woods ranging from pine to ash, mahogany to walnut or oak.

Traditional designed through to stairways with LED lighting in safety glass sides are made, as well as narrow space saving stairways for loft access.

The customer base is UK wide, many builders both large and small use this companies products, although there are an enormous quantity of private customers as well.

These are created by both recommendation/word of mouth as well as information found on the website. The company has been set up with efficiency and by word and is well known for its quick turnaround of product and delivering on time.

Although orders recently from the larger builders have been in decline, no redundancies have been made, indeed a full 40 hour week is still available.

Over the last few weeks a slight upturn has been noted from some of the more forward thinking companies, it is hoped that this is the very tentative start to greater capacities again.

We are advised that stock at cost is approximately £80,000 and work in progress approximately £20,000 to £30,000.

The company can be an investment with a manager or stand alone company, or as a bolt on to a larger associated business.
REF: 9142ST

Employees: 18 full time, 2 part time drivers, 2 part time office employees staff the business

Trading hours: Mon-Fri: 6am – 7pm Sat: 8am – 4.30pm (as required)

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 10 - 15 years Remaining lease: Review every: 3 years Rent: £20,000. We are advised that the annual business rates are currently: £11,000

Location
Our client’s staircase, balustrade and handrail manufacturing business is conveniently located in Staffordshire. It is sited on a main road only about half a mile from the busy town centre.

The area itself is a good mix of residential and some industrial (not heavy). The business location is well supplied with major roads, joining the M6 motorway and further to the whole country.

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

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