Home & garden manufacturing companies for sale in North of England

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S Martin (Feb 2013)
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Leasehold Price: £350,000 Annual Turnover: £912,000 Annual Gross Profit: £581,000 Annual Net Profit: £156,000
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Business Description
Business Summary

An outstanding opportunity to acquire a highly successful manufacturer, supplier and installer of custom made blinds.

Based in the North of England, the company provides a wide range of standard and specialist fabrics and blind styles.

The company has one of the largest displays of blinds in one of the most well-equipped showrooms in the UK.

They have a 12,000sq.ft. purpose-designed factory, incorporating the latest manufacturing equipment, located behind the showroom.

The company supply a wide variety of retail, wholesale and trade customers.

The company was founded in 1976 and is still a family business which has provided its owners with a constant, stable income.

The turnover to year end 31st December 2014 was £911,881, with an adjusted EBITDA of £155,681 (17%).

Retail sales make up the largest proportion of the company’s revenue which was c.25% of total revenue in 2014, but in the same year the company had in excess of a further 50 regular trade customers, 96% of which have been returning customers for 3 years or more.

There has been a year on year upward trend in turnover in 2014 with an increase of 4% in domestic sales which due to the increased margin of these sales has increased overall gross margin in the year to 63.7%.

Products and Services

The company provides a free measuring and fitting service and full installation services of their custom made blinds including:-

- Roller Blinds
- Black-out Roller Blinds
- Venetian Blinds
- Vertical Blinds
- Velux Blinds
- Cassette Blinds
- Pleated blinds
- ‘Perfect Fit’ Blinds
- Awnings

Employees

There are 18 employees divided between the factory, showroom, installation and administration, in addition to the two directors (the vendors).

Premises

Showroom and offices with an adjacent 12000sq ft factory.
Rent £37,980 p.a.
Rates £14580 p.a.
Current 5 year lease until December 2019

Reason for sale

One vendor wishes to retire but the other is keen to remain with the business throughout a handover but also for the medium term if this suits the buyer.

Financial overview

Year ending 31st December 2013-14:-

Sales revenue £911,881
Gross Profit £581,098 (63.7%)
Adjusted EBITDA £155,681 (17%)

Hornblower have requested an independent appraisal of the business proposition looking specifically at the prospect of obtaining finance on a going concern basis and from the information provided opinion is that subject to fulfilment of all conditions, required by a Credit Committee, an appropriate level of finance is likely to be made available.

Offers Invited
Tenure: Leasehold

Downloadable Documents

Listed by: Hornblower Business Brokers Ltd
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