Financial Details
Asking price: £495,000
Sales revenue: £750,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed


Business Description
We are delighted to have been instructed to offer to the market this extremely well established and profitable niche hand made kitchen and furniture business.

The vendor founded the business over 20 years ago and is only now reluctantly offering the business for sale to enable him to concentrate on an alternative unrelated business venture.

The business designs, manufactures, delivers and installs bespoke kitchens and furniture to suite the individual needs of their customers. Their comprehensive service also includes the supply and installation of many top brand appliances.

The business does very little direct advertising but instead attends various exhibitions, has 3 kitchens on permanent display in select stores in Crewe, Nantwich and Alderley Edge, has many referrals from satisfied customers and has its own excellent showroom with 11 kitchens on display plus a selection of its hand made furniture.

Customers are spread nationwide, although approximately 10% of sales is trade work for other kitchen businesses.

The vendor works full time in the business with the assistance of 6 cabinet makers, 2 painters and finishers and 2 fitters who are all also full time. It has 1 part time Saturday assistant and a self employed designer.

The business has an excellent modern fully equipped manufacturing facility which includes:
• KREG pocket Hole Machine
• F45 panel saw by Alterndorf
• Spray booth
• Boere speed sanding machine
• 2 Maggi 640 junior crosscuts
• Much more

The company operates an aggressive depreciation policy of 15% for all equipment. This has resulted in assets which are still being used, amounting to over £90,000 at cost having no book value.

Sales in the financial year to 31st January 2010 were circa £760,000 with the current year at least in line but with gross margins increasing.

The vendor is quite prepared to work with a new owner following the sale to ensure a
smooth transition and to effect the necessary introductions to both staff and customers.
REF; 9501ST


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon-Fri: 8am – 4.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 9 years Remaining lease: 9 years Review every: 3 years Rent: £40,000 We are advised that the annual business rates are currently: £15,000
Location:The business has an excellent high visibility location on a very busy main arterial road with large volumes of passing traffic in an affluent part of Staffordshire.

The business has its own large car park with approximately 22 spaces, some of which are reserved for staff vehicles
Premises Details:A large detached premises of approximately 12000 sq feet in total and with a manufacturing facility of approximately 8000 sq ft and comprising of:

Ground Floor
• Entry into the ground floor showroom with 6 upmarket kitchens, complete with appliances on permanent display
• Rear customer toilets
• Stairs to first floor furniture showroom and a further 5 kitchen displays. 4 offices and workshop viewing area
• Extensive workshop with separate cutting room, paint room, assembly area, stores, staff canteen, w/c
• Side access with full height roller shutter door to leading bay
• Large car park with approx
The premises are fully double glazed, have a Red Care alarm system and a 10 camera CCTV system.
Expansion potential:This is clearly already a very successful business, it does however, still offer excellent scope to increase both sales and profits in the near future by: 1. Employing an experienced salesman or a commission only agent to approach the many kitchen businesses to offer their manufacturing facility 2. Having more kitchen on display in prestige shops 3. Advertising in upmarket magazines 4. Having another showroom in another county.
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