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A Trusted Custom made furniture maker based in and installing throughout Hertfordshire

Ref. GB210

Location : Hertfordshire but Fully Relocatable

Asking Price : £144,950

Turnover : £165,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £37,400

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes

Turnover of c. £165,000
Gross Profit c 53%
Equipment, vehicle etc. c. £60,000
Adjusted EBITDA £37,400
3 years historic trading
Excellent reputation and customer data base
Knowledgeable, experienced and motivated self-employed carpenters
Furniture designing software
All machinery and tools included in the sale as well as a one year old fully signed Ford Transit Luton van.

Business Profile

A trusted custom made furniture maker based in and installing throughout Hertfordshire. The carpentry team has grown over the last three years with their distinctive vehicle easily spotted around Watford, St Albans, North London and surrounding areas.

Equipment:

Robland Panel saw with double extractor units
Cehisa edgebander with single extractor unit and 50L compressor
Drying/storing rack
Assembling station with a mitre saw bench
Storage/cabinets
Roller shutter loading door

Tools:

Makita impact driver 3x
Makita drill
Makita hammer drill
Makita router
Makita biscuit jointer
Makita planer
Makita Jigsaw
Makita skill saw
Dewalt miter saw
Compressor with a nail gun
Multi-cutter
Hand tools
Dust extractor
Hoover
Ladder/sawhorse/step

Customer Service:

Customer service is paramount and the company website details many positive testimonials to back this up.

Key Strengths:

Enviable reputation
Exceptional levels of service
Repeat business and referrals
Significant investment in machinery and tools
Highly skilled staff
Profitability

Financial Information:

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. £165,000
Gross Profit c 53%
Equipment, vehicle etc. c. £60,000
Adjusted EBITDA £37,400

The business generates impressive profits. The vendors have invested in the infrastructure of the business over the years and it has a highly impressive level of plant and equipment that is included within the sales price.

Advertising:

The company only spends a nominal amount on advertising and this is an area where an increase in spend
could significantly increase incoming enquiries.

Growth and expansion:

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 business currently only has private domestic customers and is well positioned to expand into commercial markets.

Premises:

A fabulously equipped modern workshop with impressive layout spread over 1,600 sqf. Totally self-contained on an industrial estate with security. The annual rent is £11,500 with four years to run on a ten year lease.

Business hours:

Mon-Fri 8.45am-6.00pm
Sat- 8.45am-2.00pm

Employees:

There are currently two loyal self-employed carpenters.

Support and Training:

The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as the vendors have put in place a General Manager who runs the business on a day to day basis.

Reason for Sale:

Personal

Looking for finance ?

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 finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk