Well-Established, Reputable Kitchen/Furniture Designer, Installer and Manufacturer in South East London

Erith, Greater London
REF: S07112

Asking Price:
£230,000
Annual Turnover:
£190,000
Annual Net Profit:
£72,285
REF: S07112

Overview

Tenure:
Leasehold
Established:
1985
  • High quality craftsmanship
  • Full order book for 12 months
  • Demand exceeds supply
  • High-end specification
  • Loyal, affluent high-paying clients
  • Long and well established
  • Profitable

The business for sale is a longstanding furniture/kitchen designer and fitter situated in Belvedere, in South East London.

Established in 1985, the business is a hugely successful and greatly respected furniture company. The company has enjoyed the enviable position of never having to search for business as its longstanding reputation for high craftsmanship has carried it from year to year.

The company has been featured in many magazines due to its high-quality carpentry from beginning to end; crafted to exceed the expectations of the affluent clients it serves. The business is now for sale on a leasehold basis.

The business operates from a large unit in Horizon Business Park. The premises has a large open space and a fully equipped workshop downstairs and toilet. There is hand finishing and an office on the upper floor, along with a kitchenette. Heating is provided by burning wood and chippings to avoid waste and save on expenses. All equipment is contained in the sale, including a 4-head cutter, panel saw, wide belt sander, a spindle moulder, single end tenoner, bandsaw, JLT clamp rack and a single bag dust extractor.

Having obtained a loyal client base, it is not uncommon to have a client call them every time they move, purchase another property or have an extension. Clientele often comes in the form of architects, interior designers and, in general, high-end wealthy individuals (the average kitchen price is £35,000 and with some exceeding £100,000). In addition to this, the company has a full order book in place for the next 12 months.

Perfect as a lucrative bolt on acquisition for a direct competitor or a larger company, or an individual with good experience in the construction industry, a new owner could easily enhance the company’s profitability further.

As the majority of work has been gained through word of mouth, more emphasis on advertising, targeting corporate firms as well as the creation of a website, would be beneficial in attracting more trade.

The current owner is also willing to discuss staying on for a transitional period, if needed.

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  • Good transport links
  • Free parking
  • Minimal competition
  • Prime location
  • Fully equipped, large unit
Rent
TBC
Rates
£7,500
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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