Asking price: £299,950

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
HIGHLIGHTS:
• Highly profitable and long established bespoke cabinet maker – North Dorset
• Semi detached leasehold unit of c 5000 sq ft on prime industrial estate
• First class reputation amongst wealthy client segment predominantly in Greater London and the South West of England
• Fully trained staff with total commitment to quality of finish
• Finance available (subject to status)

BUSINESS:
This highly profitable and long established bespoke cabinet maker manufactures fitted furniture for kitchens, bedrooms, bathrooms, libraries, panelling and architectural joinery and other individual commissions using the best kiln dried timbers.

Selling predominantly to a wealthy client segment, principally in Greater London and the South West of England, the business has a reputation for quality of craftsmanship unsurpassed in the sector with the result that each commission tends to be of significant value.

Many customers return again and again and a high proportion of work is gained by referral from these satisfied clients.

The highly skilled team of staff share the owners’ total commitment to quality of output and the strong relationships maintained with developers of prestigious properties has ensured a regular flow of valuable and profitable business.

TENURE:
Leasehold

YEARS ESTABLISHED:
The business has been established for 20 years.



EMPLOYEES:
There are 4 full time employees. The business uses the services of a freelance designer and a specialist painter when required. The company also employs a highly skilled part time book keeper.


SALES REVENUE:
Turnover of £362,872 was reported in the year ended 30/4/09. The existence of a particularly large contract in any year can serve to distort the trend. Average annual sales in the 5 years to 30/4/09 stood at £430,470 influenced largely by turnover of £541,485 in the year to 30/4/07.

NET PROFIT:
Reconstituted net profit of £91,163 was achieved in the year ended 30/4/09. The average achievement over the 5 years ended 30/4/08 was c £122,000 per annum.

LEASE TERMS:
The present lease, dating from May 2002, is on full repairing and insuring terms and runs to 31/12/10. A one year extention to 31/12/11 has recently been agreed by the vendor.

LOCAL AUTHORITY:
North Dorset District Council

RATES PAYABLE:
The premises have a rateable value of £12,500 with Business Rates of £5,725 payable in 2008/9

SERVICES:
The vendors advise that mains water and sewerage services are connected to the premises together with a three phase electricity supply.

REASON FOR SALE:
Retirement

SUPPORT AND TRAINING:
The vendors commit to introduce the new owner to all the key clients and principal sources of repeat business.

DESCRIPTION OF PREMISES:
• Semi-detached workshop of brick construction comprising c 5,000 sq ft of space laid out on two floors.
• Large loading bay with metal roller door to side of premises with parking for 6 cars to the front of the premises with additional parking to the side.
• The ground floor comprises:
o Entrance hall giving access to a rest room and a storage area
o Large open plan workshop with spray shop to the rear
o Two sets of toilets
• On the first floor is found:
o Showroom
o Three offices
o Small kitchen facility
o Two further toilets

VIEWING:
All viewings to be arranged through sole agent.

FINANCE:
Finance is available (subject to status)

FULL PARTICULARS:
Please telephone or email for full particulars

GUIDE PRICE:
The vendors ask £299,950 for the lease, goodwill, tools and equipment, vehicles, fixtures and fittings plus stock of raw materials at valuation.

VALUE OF STOCK:
The vendors advise that raw materials usually have a value of approx £6,000.

COMMENTS:
This is an opportunity, rarely available, to acquire a highly profitable bespoke manufacturing business with an enviable track record, which offers an excellent return on investment.

Property: Leasehold