Shop Fitting Joinery Specialists With Huge Potential
Price:
Leasehold - £135,000
Location:
West Midlands , birmingham
Business Type:
Manufacturing companies, Service Businesses
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and profitable joinery business.
Founded over 12 years ago by the vendor, the business is only now being reluctantly offered for sale as he wishes to pursue an alternative unrelated business venture.
The business specialises in shop fittings with a large portion of its work received from a single blue chip customer. It also makes kitchen units, wardrobes, shop counters and many other items with regular work from builders, architects as well as the general public with customers spread nationwide.
The vendor works alone in the business with the assistance of his wife who works part time for approximately 10 hours per week on general office work and book keeping. In the period to March 2010 the business achieved net annual sales of circa £250,000 with a net profit of approximately £60,000.
The business is fully equipped for purpose and includes:
• Panel saw
• Up and over planer
• Spindle
• Pillar drill
• Morticer
• Rip saw
• Various hand tools
• Joinery work bench
• Site safety equipment
The business would be an excellent acquisition for an experienced person already working in the joinery trade, who is looking to run a business for the first time or as a ‘bolt on’ for an existing business looking to expand into the area or into new markets.
We are advised that stock at cost is approximately £500.
EXPANSION POTENTIAL
The business is clearly already successful, it does however, still offer excellent potential to increase sales and profits further by:
1. Advertising in specialist magazines to sell its services
2. Having its own web site so potential customers can view the services on offer
3. Approach architects and builders and look on council’s planning applications for details of new projects
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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).
The business is well located in the centre of a popular area of Birmingham. It has ample free of charge parking immediately outside the premises.
TENURE: Leasehold
Original lease: Licence
Remaining lease: 2 months notice
Rent: £5,450
We are advised that the annual business rates are currently: £880
Mon-Fri: 7.30am – 5pm
Sat: 8am – 1pm occasionally
BUSINESS PREMISES
Mid terraced ground floor lock up, which briefly comprises:
Ground Floor
• Side entry door with other full height roller shutter door into the workshop
• Side office
• w/c
• side stores
UK Non-Specific
£ 800,000
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