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Manufacturer & Installer of Quality Window Blinds

Trade & Retail Sales

Ref. IK252

Location : North Wales

Asking Price : £100,000

Turnover : £318,000

Net Profit : £39,000

Gross Profit : £112,000

EBITDA : Undeclared

Net Asset : £56,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price includes:

Consistent Turnover circa £318,000 per annum

Gross Profits circa £112,000 per annum

Adjusted Net Profits in excess of £39,000 per annum

Net Assets of c£56,000

All manufacturing equipment(in excess of £15,000)

2 Signwritten vans (circa £33,500)

Stock

Over 10 years successful trading

Premium supply partners

Limited competition

Impressive customer base (trade and retail)

Public and private sector

Ideal premises

Low overheads

Ongoing growth potential

Training and handover

Significant goodwill

Website

Business Profile

This dynamic and professional business was set up by the vendors over 10 years ago and has established itself as a leading manufacturer and installer of a wide variety of high quality window blinds. The company designs and manufactures in-house and supplies a broad range of customers both commercial and domestic throughout North Wales, Cheshire and Merseyside.

The company has a good level of equipment that enables it to manufacture in-house to exacting specifications and size. Products it supplies include Roller blinds , Venetian, Wood Venetian, Romans and rigid PVC. The company also supplies flat glass film products with solar properties but to date this only accounts for a small proportion of revenues.

In addition to providing a unique and bespoke manufactured product that meets very exacting customer requirements the company can provide a complete measure, estimation and installation service if need be.

The company has literally thousands of satisfied clients and enjoys excellent levels of repeat business such is the service it provides. Customers include large public sector organisations, builders, schools as well as the Great British public. The majority of customers are based within the North West region. The majority of sales are domestic.

Equipment:

The busines has a good level of plant and equipment including 2 commercial cutting machines, 3 sewing machine tables and 2 signwritten vans. All equipment is owned by the business and included within the sale price.

Customer Service:

The company prides itself on the manufacture and installation of quality window blinds whilst maintaining courteous and prompt service, All products are manufactured to the highest standards which guarantees years of service. All products are hem sewn rather than glued or welded.

The company provide a free estimating, measuring and fitting service to all customers which ensures superb levels of customer retention and repeat business.

Key Strengths:

• Turnkey solution- in house manufacture and design

• High service levels and speed of response

• Pipeline of ongoing work

• Hungry self employed sales force

• Skilled manufacturing personnel

• Sterling reputation

• Limited competition

• Supplier base-excellent price support

• Workforce

• Large regular and prestigious customer base

• Un patented technical know-how

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.

Typical turnover for last few years circa £318,000 p.a. Gross Profits circa £112,000. Adjusted Net Profits in excess of £39,000 p.a. Net assets of c£56,000. Current stock levels are circa £3,000. This business has achieved consistent sales over the years and enjoys good levels of repeat business and has relatively low fixed costs.

Advertising and Marketing:

The company utilises local papers to advertise as well as having its own informative websites. However most of its work comes via repeat business, referrals and through the external sales force who are highly cost effective. As already mentioned the business has a huge customer base that would benefit from additional target marketing.

Growth and Expansion:

There are many areas of growth available to a new owner. The company has over 10 years of information on file from historical customers (thousands!!) that is ripe to be put onto a database and developed. Indeed further investment in technology could certainly improve the overall efficiency of the business still further. The business could easily scale up its operation to meet increased demand.

Premises:

The business operates from ideal rental premises on a secure and well known small industrial estate. The site is council owned. Rent is circa £357 per month. . Rates are circa £233 per annum. The business occupies two adjacent units with front office and showroom area, manufacturing/storage and staff toilets. Total internal space is circa 1200 square feet. There is a large external car park with ample parking for staff and customers. The site is very secure with security grills fitted.

Employees:

The vendors both work full time in the business, being responsible for all the administrative aspects of the business be it ordering through to overseeing the manufacturing process. The business also employs the following personnel

• 2 Full Time Fitters

• 1 Full Time Factory Hand

• 2 Part Time Production Operatives

In addition to this the business has 3 self employed external sales personnel who sell the company’s products and services on a commission basis. Staff are a real asset of the business, so much so that the business will run effectively even when they are away for a short period of time.

Support and Training:

The vendor is more than happy to provide a comprehensive handover to ensure a seamless transition and continuity of trading.

Reason for Sale:

The owners , having been in the industry for many years now, wish to explore 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 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk