Extremely Niche Freehold Joinery Business With Potential
Price:
Freehold - £1,500,000
Business Type:
Service Businesses
HISTORY
• The business was founded by the present vendor almost 25 years ago
REASON FOR SALE
• The business is only now being reluctantly offered for sale due to the vendor’s ill health
PRODUCTS
• The business specialises in the CNC manufacturing of stairs, box sash windows, bi-fold doors, architraves and mouldings
• Typically a set of stairs can be produced in approx 2½ hours which compares very favourably with the circa 16 hours required by more traditional methods
• The machinery can be easily programmed to produce any type of wooden product but is best suited for quantity runs
• The business also produces all traditional joinery items which are made by any of the craftsmen employed by the company
• Where applicable, any product can have a base paint coat applied in the businesses own spraying area
• Windows can also be single or double glazed and all furniture fitted
CUSTOMERS
• The businesses customers are mostly within the London area and its surrounding counties and are principally builders and developers.
EQUIPMENT
• The business is fully equipped for purpose with specialist and traditional machinery which includes
• SCM TVN 110 CNC machine
• SCM windor 20 machine
• SCM superset 6 head moulder
• Mebour reesaw
• 2 tilt spindle moulders
• Combination rip saw and planer
• Hydraulic morticer
• 2 cross cut saws
• Glazing bar machines, guillotine and half lap
• Hoffman jointer
• Routers, jigsaws, buscit and dowelling machines
• 2 bandsaws
• Glue welder
• Sprayer and spray booth
• Hydrovane compressor
• 1100 wide belt sander
• Sanders, routers, cramps
• Wall saw (scrieber)
• Stock holding: £40,000
• The vendor is prepared to work with a new owner during a hand over period to ensure a smooth transition and to give introductions to staff and customers
STRENGTHS
• An extremely well established business which has been trading for almost 25 years
• Very niche specialist CNC machinery which has de-skilled the manufacturing process and dramatically reduced lead times
• Consistent levels of turnover at circa £450,000 per annum
• The business is able to compete very favourably on price with any traditional joinery business
SCOPE
• The business although working successfully, still offers excellent potential to increase both sales and profits substantially in the future by:
• Increase the working area
• Approaching the major builders and offering their services
• Advertise in specialist trade magazines
• Employ an experienced salesman to seek out new markets
• Also supply domestic customers
• Use local council date for planning applications to find new customers
• Employ an installation team to fit stairs, windows etc for domestic customers
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The business is well located in the heart of a large commercial area in Middlesex
• Monday to Friday: 7am to 4pm
• Occasional Saturdays: 7am to 1pm
• The freehold end terraced two storey premises, it briefly comprises:
• Ground floor – CNC equipment plus traditional machinery, w/c stairs to first floor with large office, canteen, 2 w/cs, spacious workshop, spraying area with extraction
• The premises benefit from being double glazed, alarmed with an 8 camera CCTV system which can be viewed anywhere via the internet
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