Manufacturer of Traditional Shepherd’s & Glamping Huts
Location : South West
Asking Price : £125,000
Turnover : £240,000
Net Profit : £47,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : £22,000
Premises : Leasehold
Confidentially offered for sale
Turnover in 2017 c. £240,000
Net Profit c. £47,000 before owner’s drawings
Net Assets £22,000
Strong trading history
Strong order book
Motor Vehicles & Equipment included in sale
High converting website
Includes new unreleased designs
The company is a well established family business that has been constructing traditional shepherd’s huts, with a modern twist, for over 16 years.
The company employs local craftsmen to hand build a wide range of designed huts.
The business offers customers the highest quality of manufacture and finish, and a great customer service.
The business has many strengths including:
• Strong trading history
• Strong order book
• Strong potential orders due to connections within the Glamping sector
• Bespoke service
• Skilled local workforce
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover of c. £240,000
Gross profit c. £50,000Net Assets c. £22,000
Adjusted EBITDA c£47,000 before owner’s drawings
The business generates a good profit for a sole owner. The vendor has invested in the infrastructure of the business over the years and it has a good level of plant and equipment that is included within the sale price.
The Asking Price of £125,000 is for the Goodwill and assets of the business. The Net Assets are expected to be c£22,000 at completion.
The business has a strong website which generates most of the demand for the products. Additional targeted advertising and a social media presence would reap rewards.
The business has enjoyed steady growth over recent years and this is expected to continue in light of its growing and loyal customer base. The site has room for expansion if need be and this could easily be achieved if a new owner wished to employ further craftsmen as the demand is already there.
The company has a number of new designs, which are yet to be advertised, and are expected to be the company’s “Next Generation Huts”.
The business does very little advertising, no social media or exhibitions and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs since it has the necessary infrastructure in place.
The business is located in commercial premises on the outskirts of a large West Country town. The current rent is £25,000 pa plus rates.
Mon – Thurs. 7.30am - 5.00pm Fri. 7.30am - 2.30pm
The vendor works within the business 5 day’s week.
The business employs two full time Senior Craftsmen that ensure all of their products are made to the highest standard and has access to two extra carpenters when demand is at its highest. It has a long term association with local accredited electricians, plumbers & wood burner installers as sub contractors. All the staff are highly experienced and are real assets to the business.
The company constructs all its own timber components, has local engineers and blacksmiths for the ironworks and holds the pattern for the cast iron wheels made by a local foundry.
The current owner would be happy to provide full training and support at handover.
Started as a lifestyle business to enjoy the delights and activities of the West Country and be able to spend time with family as the children grew up.
Now children have left looking for a new lifestyle change / challenge
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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