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Manufacturer of Traditional Shepherd’s & Glamping Huts

Ref. GB209

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


  • Turner Butler

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Asking price includes:

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
Sole Trader
Includes new unreleased designs
Profitability

Business Profile

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.

Customer Service:

The business offers customers the highest quality of manufacture and finish, and a great customer service.

Key Strengths:

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
• Profitability
• Location

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. £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.

Asking 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.

Advertising and Marketing:

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.

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 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.

Premises:

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.

Business Hours:

Mon – Thurs. 7.30am - 5.00pm Fri. 7.30am - 2.30pm

Employees:

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.

Support and Training:

The current owner would be happy to provide full training and support at handover.

Reason for Sale:

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

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