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IK188 -Manufacturer of Bespoke Furniture for Bedrooms, Kitchens and Studies
Asking Price:
GBP 500000
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Business Location:
United Kingdom » Warwickshire » Warwickshire
Category:
Manufacturing
»
Furniture & Fixtures
Description:
Manufacturer of Bespoke Furniture for Bedrooms, Kitchens and Studies
Ref.IK188
Location Warwickshire
Asking Price £ 500,000
Turner Butler are delighted to be appointed sole selling agents for this company, which has never been brought to the market for sale before.
This business has been trading very successfully against forecast turnover and profits during 2008, and represents an outstanding opportunity for an entrepreneurial new owner.
Initially, this business formed part of a much larger 25 year plus multi national company representing several different lines of product offerings. Being based at their headquarters in London the Directors have now elected to split this Midlands based facility away from their core business interests in London, but in doing so have created an extraordinary opportunity for a more locally based owner.
To give a solid platform to a business which is essentially fairly new, the parent company have agreed to offer a supply contract to the new owner for a minimum of two years and a minimum value of £2,200,000. This will give the new owner the necessary springboard of time and turnover to develop their own style and customer base.
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
na
Year Established:
2008
Is Relocatable?:
Yes
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Number of Employees
:
18
Reasons for selling:
The Directors wish to concentrate on core business in London whilst establishing a partnership type agreement with the manufacturing facility.
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