Adjusted Annual Net Profit of £60,000
Customers Include Windsor Castle & Westminster Abbey
EPC - Not Required
Oakapple Design and Oakapple online are two thriving businesses that differ only in the end user of the product they manufacture.
The companies take casts of various religious icons and ornaments carved into the woodwork and stonework of England's churches and cathedrals. The business has been trading for 35 years, with the current owner having had it for the past 10 years.
Reproductions are then manufactured from this cast and sold either wholesale or online. Online line sales are the retail side of the business and are dealt with Oakapple online Ltd, whereas the wholesale side is dealt by Oakapple Designs Ltd.
Oakapple Design is a wholesale operation and sells the manufactured cast to cathedrals and churches throughout the country. Its list of customers is breathtaking. These include York Minster, Windsor Castle, Westminster abbey, Westminster Castle, Saint Giles in Edinburgh, and Winchester Cathedral. This is not surprising given that the products are very unique combined with high quality and more so exclusive to Oakapple Designs, taken both from original medieval carvings with their own copy right protected designs, these mainly being the church mice collection. The medieval reproduction carvings represent a true, accurate and authentic copy of British history and culture.
Approximately 75% of the sales come from Oakapple design with the remainder coming from Oakapple online. The owner has built this business over the 10 year period taking the annual turnover of £31,000 to almost £131,000.
The reason for sale is the director/ operative feels he can’t take the business any further without the help of another director/ investor. The asking price of £130,000 represents a fair price for the business which would allow the owner to start something else. Whereas the option to buy 50% would allow the business to thrive even further.
There is 2 options for the sale of these 2 businesses, 100% of the shares of both companies for £130,000 as outlined or a second option to purchase half (50%) of both companies for £65,000.
This is therefore a tremendous opportunity for a new owner operator to develop this establish business that makes good adjusted net profits, more so for somebody that is a vocational interest in the heritage of England.
Location Details: Sheffield
Leasehold Term: Rent: £3,120
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