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Joinery Manufacturing Specialist

Supply & Installation of Traditional Timber Window Frames, Doors and Staircases

Ref. GE074

Location : Lancashire

Asking Price : Offer Invited

Turnover : £432,000

Net Profit : £77,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Turnover forecast circa £432,000 per annum
Net Profit forecast circa £77,000 per annum

Established in 1975
Specialist manufacture of window frames, doors etc.
Database of reliable trade customers
Flexible supplier with good name & reputation
Regular work in progress
Team of skilled and time served staff
Goodwill

Business Profile

This is a well established joinery manufacturing business, formed in 1975, and run by the current owners since 1993. The business specialise in timber window frames, doors, staircases and all other wood related applications, supplying independent builders, joiners and the local council. They predominently supply trade customers but have a small amount of retail sales to the general public.

The business has a strong database of regular repeat customers and have continual work in progress. They have an excellent name and reputation for their flexibility in being able to provide almost anything their customers require and are a reliable, competitive and trustworthy supplier.

This is a profitable business with low overheads and no bad debt. This would make a perfect bolt on business for a company in an associated trade or for another joinery company who is looking to expand their business.

Key Strengths:

• Well established joinery manufacturer - 1975
• Fully equipped workshop with extraction system
• Wide ranging regular customer base of local builders & local council work
• Team of skilled and time served staff
• Continual work in progress
• Profitable business with low overheads and no bad debt
• Option to lease the premises

Equipment

All of the equipment and vehicles are included in the price of the business.

• Full workshop extraction system
• Four sided planer
• 4 x Spindle moulders
• 3 x Mortices
• Panel saw
• Cross cut saw
• Rip saw
• Surface planer
• Transit van
• Traffic van
• Computer and pricing software
• All other power tools and equipment

Financial profile:

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.

The business has a turnover of circa £432,000 per annum with Net profits of circa £77,000 per annum.

Growth and Expansion and Opportunities:

The owners believe that the company can expand its operation with investment within the company by purchasing new equipment including CNC machinery and a “window” line. This would help in them becoming more efficient and reduce the number of manufacturing hours for each job.

Premises:

The company runs from premises that comprise of offices, workshop with mezzanine floor overhead used for storage, and a yard. The premises measure in total circa 9,800 square feet with the building and mezzanine measuring circa 5,500 square feet. The premises are fully secure with locked metal gates.

The rent if applicable would be circa £20,000 per annum.

Employees:

As well as the two partners who run the business on a daily basis there are two full time manufacturing and one part time administration clerk. The company works with teams of sub-contractors including electricians, plasterers, plumbers, builders and joiners who perform any on-site work which is needed.

Support and Training

The vendors would be happy to help with a smooth transfer of the business in any way possible.

Reason for Sale:

The two owners want to pursue other opportunities.

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