Hilton Smythe welcomes to the market this very well-established Joinery company, which was founded in 2008. Our client now looks to sell the business, due to other business interests.
The business supply quality furniture and fire doors to all parts of the UK and are licensed to supply Corian, Staron and Hi Mac materials, which are a new generation of solid surfacing. They work with many other companies such as, a popular British furniture designer in London.
They have years of experience in design and implementation making purpose made joinery, offering a wide variety of products from home furniture to commercial projects, which includes such items as, fire doors, reception counters, solid surfaces, veneering, French polishing, home furniture, as well as specialist fitted furniture for school’s offices and hospitals.
The business will be an approved certified company; this means they will be able to manufacture their own fire doors, there is only one other company in Wales that can do this.
The business is run from a substantial Freehold building, where they let out 2 large sections to individual businesses which can be continued and increased depending on what space is needed. This adds a very useful supplementary income to the business.
They also have their own website; however, the business has much potential to be taken to the next level, with more extensive advertising and longer opening hours. The space provided offers many avenues for the new owners to go down. An internal inspection is highly recommended to appreciate the space and potential on offer.Location
The business is set on a bustling industrial estate in South Wales.
There are ample businesses in this area, and excellent road connections. The property benefits from ample on site parking.Premises
The premises are set within a very substantial detached industrial building covering around 1,238 sqm overall, situated on a large plot which we understand from the owners amounts to more than 1 acre.
The building is split into several areas to include, reception, 5 offices, very large main workshop with various storage/work rooms, ladies and gent’s toilets, kitchen, staff room and a very substantial first floor mezzanine level which is used for storage.
There are also 2 further areas which are separately rented and include a large office/storage space and then a large workshop accessed from the rear, via full height roller shutter door and its own separate office. The offices have gas central heating and the workshop has oil fired blower heating. There is CCTV fitted and parking for many vehicles.
There is an extensive range of equipment included within the sale, which has a substantial value and includes:
CNC edge bander (worth £100,000 new)
4 x cutters
Domino Tenoner and various other Festool equipment
2 x compressors
2 x work vehicles, Long wheel base sprinter and a Vauxhall Astra
Other general tools and equipmentTenure
We are advised that the business is being sold as a Freehold opportunity.Hours
Monday – Thursday: 8:00 a.m. to 4:30 p.m.
Friday: 8:00 a.m. to 3:30 p.m.
Saturday – Sunday: closedStaff
The business is currently run by the owners together with 6 further full-time staff and 4 sub-contractors.Financial Profile
The accounting information shows a turnover of £621,595 for the year ending November 2016 with a gross profit of 51%.
We believe from the owners that this is also on a healthy upturn for the current year.
The current rateable value is £31,500 with rates payable of approximately £15,000 per annum.