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Manufacturer and installer of Kitchen & Bedroom Furniture

Price:
Leasehold - £385,000
Turnover:
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Seller Ref:
IK251
Location:

Surrey

Business Type:

Corporate Businesses, Manufacturing companies, Retail businesses

See Other:
Furniture & wood for sale in Surrey
Bathroom & kitchen retailers for sale in Surrey
Manufacturing businesses for sale in Surrey
Manufacturing companies for sale in Surrey
Retail businesses for sale in Surrey
Corporate businesses for sale in Surrey
Description:
THE BUSINESS:
Established almost thirty years ago – following a very successful career for one of the Owners with one of the leading national kitchen manufacturers, this business has grown to become one of the leading bespoke manufacturers of kitchen and bedroom furniture in the south east of England. Re-located to its current site approximately twelve years ago, the business almost exclusively serves the retail sector, having just one trade customer. As well as installing its own ranges, where the vast majority of its turnover arises, the business also works on a supply only basis.

This business adopts a totally flexible approach to projects. It offers a free design service working very closely with its customers to create well designed and cleverly planned fully fitted kitchens and bedrooms. Operating from a very well suited production facility with a large, well presented showroom on-site and a further High Street showroom in a nearby village, this business displays its own range of kitchen and bedroom styles reflecting traditional, modern and contemporary tastes – all carefully chosen to meet the demand from the densely populated local catchment area of mid market, mainly medium sized houses. Most orders stem from customers living within just a few miles of its manufacturing base – though this business has undertaken projects on behalf of Clients across all areas of South West London and West Surrey including Ashtead, Leatherhead, Epsom, Surbiton, Banstead, Cheam, Worcester Park, Tadworth, Ewell, Claygate and even as far as Newbury in Berkshire.
Location Details:
The business primarily operates from approximately 7,000 square feet of premises acquired by the current Owners when they relocated in the late 1990’s. The site consists of a spray shop, a woodworking machine area, a heavy duty machine area, a store, a large display showroom and offices. Located on a small industrial estate, housing a few other businesses, there is ample parking and access for collections and deliveries. The site, slightly tucked away whilst still generating a steady flow of customers to the showroom through excellent directional signage, offers easy access to and from the M25 and M23 motorways. Valued at approximately £600,000 in 2007 and probably in the region of £480,000 to £500,000 in the current market, the premises are available freehold or leasehold, rent and term of lease, subject to negotiation. Rates are currently £12,000 per annum. The business has recently opened a new showroom in a nearby village. Approximately 900 square feet in all, the showr
Lease Terms:
With a three year lease, Rent is £10,700 per annum with Rates approximately £2,000 per annum.
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