Financial Details
Asking price: £175,000
Sales revenue: £180,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is pleased to have been instructed to offer to the market this established speciality furniture manufacturer, which has been trading successfully since 2003.

The current vendors have been in constant ownership since its inception and are reluctantly selling due to a new business venture.

The business produces mainly hide covered furniture of various sorts, although some fabric covered items are also made. This covers headboarsd and surrounds, cushioned chairs and settees.

Their main customer base is heath care, which represents 90% of the business with some retail orders.

The business really started to take off when they won their first major contract in this area, experience and specialist design for healthcare has now, this year, resulted in a further three healthcare contracts and these have only been on board for the last 6 months. There is a further contract which promises to be largest of all, which will then give the company five healthcare contracts.

The company is also part way down the line to being on the NHS preferred suppliers list.

The company has e.commerce outlet which has pushed, successfully, the business forward. This is a company that has had a good degree of commercial sense to be involved with mainly ‘blue chip’ customers, adding tremendous value for any prospective owners, with a website position of page one only this year.

The business is staffed by 4 full time employees (including the 2 owners) and 2 contract workers as required.

We are advised that stock at cost is approximately £15,000.
REF: 9437NG
General Information
Trading hours:Mon-Fri: 8.00am – 5.00pm Sat: 9.00am – 12.00pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: Remaining lease: 3 months Review every: 3 years Rent: £1,000 per month We are advised that the annual business rates are currently: £3,600
Location:Our client’s specialist furniture manufacturing business is conveniently located in a compact industrial area, just off a busy main road close to the centre of a north Nottinghamshire town.

The area is surrounded by good residential properties which are in walking distance t the main shopping areas.

The town has good rail links and is within a short distance of the M1 motorway.
Premises Details:The factory is a good size single storey building with a modern office/showroom block added to one side and briefly consisting of:

Ground Floor
• On entering the additional block, straight into an open showroom area with its own w/c and wash room. This has its own gas central heating
• Office area which comprises of 3 rooms including a computer room
• Storeroom housing the main electric supply board
• Doorway to main workshop which is split into a spray room, sewing room, small side cutting area with hide storage, racking and cutting table and then the bulk of the open factory
• Small mezzanine storage above the office uses for keeping light weight stock
• w/c
• kitchen area
External
• At the rear of the factory is a back entrance to the workshop area with additional storage and car parking
• At the showroom side of the building is front car parking
• The building is surrounded by access to the roadway
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