Hilton Smythe welcomes to the market A B Carpentry and Joinery a limited company which was established by our client, who is looking forward to retirement, in 1989.
A B Carpentry and Joinery are a bespoke carpentry and joinery company who work in and around Cambridgeshire.
They guarantee superb quality and craftsmanship and carry out both domestic and commercial contracts on:
• Internal & external fixtures
• Shop fittings
The company also has a briquette machine, which turns the unused sawdust into briquettes/logs for open fires/stoves.
A B Carpentry and Joinery generally do not advertise and rely on word of mouth advertising or enquiries from the website. However, in 2017 the company was placed on the Huntingdonshire District Council preferred list for work on buildings in conservation areas and listed buildings. This has increased the amount of work that the company has taken on recently.
The website being sold with the business is www.abcarpentryandjoinery.co.uk
Scope for development of the business:
• Increasing numbers of staff to accommodate work
• Get on other local authorities preferred lists
• Upgrade the website
• Create a social media page/s
• Advertise the briquettes for sale
Reasons to buy:
• Long established business
• Current owner willing to stay on for transitional period
• A large range of machinery
Hilton Smythe highly advise early viewing to avoid disappointment.Location
A B Carpentry and Joinery is located in Huntingdon, Cambridgeshire on a thriving industrial estate, close to the town centre and accessible to A131 and A14.
Huntingdon is centrally located giving access to many areas including Cambridge and Peterborough.
There is parking directly outside the premises plus further allocated parking for 6 in marked parking bays close by.Premises
Directly outside the premises is parking for 3 vehicles, there is also further parking in designated bays for 6 vehicles.
The entrance door takes you into the reception area with the office off and a door to the main workshop.
The main workshop has a gas heating system, a large roller door for vehicle access.
Within the workshop and being sold with the business are:
• SCM Compact23KS 5 head
• SCM T110i Spindle Moulder, 7.5 hp motor
• Mini Max T124 Copy Lathe
• Mini Max Band Saw S45 N
• Griggio G 500/B Mortice
• Wadkin PP130 Dimension Saw
• SCM Planer Thicknesser
• De Walt Crosscut Saw
• Wadkin ECA Tenoner
• Wadkin Grinder
• Makxilia Briquette Machine
• Pillar Drill
• Hot Sealer
• 4 Bag Extractor
• 2 Bag Extractor
• Scheppach HA3200 Single Phase Extractor
• Virutex PEB 150 Hot Meelt Edging Machine
• Virutex Edging Machine
• Numerous tolling, power and hand tools
• Fork Lift
A large container which is located on the car park is also being sold with the business
Off the workshop is a store room, kitchen and toilet and secure area for tooling storage. Above this area is a mezzanine storage area.
A VW LT32 2004 registered sign written van is also being sold with the business, this van had a new engine in 2017Tenure
We are advised the business is being sold as a Freehold business opportunity.Hours
The business opening hours:
Monday - Friday: 8.00 am – 5.00 pm
Saturday - Sunday: ClosedStaff
The business is run and managed by our clients with the help of 4 sub-contractors.Financial Profile
A B Carpentry and Joinery generated an advised turnover of circa £113,5 as of the 2018 accounts, with a gross profit of £63,500, a net profit of £25,630 and an adjusted net profit of £47,183
The assets being sold with the business are worth in the region of £70,000
The freehold building has recently been valued at £200,000