Asking price: £485,000

Sales revenue: £1,500,000

Net profit: £190,000

Fixtures value: £80,000

Stock value: £31,000

Business description
Manufacture and Sales Business. Fitted Bedrooms and Home Studies. Established in the 1980's. Fully self-contained manufacturing and showroom premises in superbly presented condition.

The company operates an active marketing program with sales staff who advise and generate new business from residential customers. The furniture is then manufactured on the company premises before being sent out to site to be installed by the company's fully trained fitters.

Cashflow is excellent with a 50% deposit on order and full payment on completion of installation. Typically the company has a 3 month order book which has been maintained throughout the current economic downturn.

There are around 25 staff across all disciplines all fully employed on PAYE status.

Sales turnover is circa. £1.5m with net profit (NPBT) before Directors drawings of £196,000.

Employees: 26

Trading hours: Monday to Friday and Saturday mornings.

Property: Leasehold

Lease terms
The premises are offered on a new lease on terms to be agreed.

Location
Precise location can be provided after we receive a fully completed Non Disclosure Agreement. The business is located in the Southern Counties of England.

Support & training
Full handover offered. The M.D./Vendor works part-time and has a trusted management team. However he is quite willing to provide full support and handover for an agreed time.

Reasons for selling
Retirement