Asking price: £65,000

Sales revenue: £110,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Bespoke West Midlands Furniture Manufacturing Company For Sale
Ideally placed to service Birmingham and the surrounding areas
Modern well equipped industrial unit recently totally refurbished
Early viewing highly recommended to fully appreciate
Turnover £110,000 pa with huge growth potential
Family run business with a quality reputation
Central location in quality unit
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this high quality and profitable bespoke furniture company which has been in the careful hands of our clients since 1992 and the only reason they wish to offer the business to the market is their desire to retire. Since the business was established our clients have continually upgraded the unit with the recent completion by the local authority of a full refurbishment to all aspects of the trading unit culminating in a true walk-in and trade independent bespoke furniture manufacture and fitting company. Our clients have continually developed and improved the business by introducing varied and innovative furniture designs, plus study and bedroom systems which have enhanced the business massively and this has shown in the year on year growth of the company. The current turnover of the business has risen over recent years to an impressive £110,000 pa at a gross margin of 45%. This is derived from the manufacture and fitting of a wide and varied styles of solid wood furniture to grace all rooms of the house plus innovative pieces made to the specific needs of their clients such as full manufacture of desk and storage solutions totally bespoke and unique. The business enjoys a strong reputation for quality of product and an after sales service to a varied clientele of the general public and because of this enjoys high levels of repeat trade. Our clients inform us that there is huge potential for growth as they are a truly independent company free to deal with a large number of suppliers and this is a market that would give the business a large audience. Meridian Business Sales urge early viewing to fully appreciate the quality and growth potential of this business.

Property: Leasehold

Lease terms
Leasehold - Original length: 5 years Remaining: 4½ years, Review: 3 years Rent: £11,000pa

Living accomodation
Modern ground level industrial unit on a small and select estate. GROUND FLOOR Main entrance leads to a front office and reception area. Product display area with bespoke furniture and quality decoration. Open plan production and storage area with spray booth. Up and over roller shutter door leading to large production area with painted floor and space for possible mezzanine floor. Second large open plan production area with up to date manufacturing equipment a plant list can be supplied on request. Toilet and kitchenette. Large under cover delivery and loading area fully lit with CCTV. EXTERNAL Loading bay to roller shutter door Reserved tarmac and lined parking for 8 to 10 cars. The yard has full CCTV cameras operated by the local authority.

Location
This superb furniture manufacturing company is located in a modern industrial unit on a small and select industrial estate on the outskirts of the city of Birmingham. The location of the business makes it ideal to maximise on trade from the surrounding towns and cities like Coventry, Tamworth, Nuneaton, and Solihull. The area surrounding the manufacturing unit is modern and growing with quality educational facilities, excellent shopping and picturesque rolling countryside. The centre of Birmingham is close by and can be easily accessed via the A45 and A41 trunk roads and of course with Birmingham being the UK's second city all of the major amenities for shopping and recreation can be found. The area has strong road and rail links via the M6 and the M42 motorways.