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CONFIDENTIAL SALE
FOR SALE
17/02/24
606898
WJ03-ABS / Rightbiz
Asking Price: £700,000 plus net assets
Location: West Midlands
Business Financial Highlights:
Financial results Year end June 2023:
Turnover: c£717,000
Profitability: pre-directors' drawings: circa c£300,000 per annum
Business Overview
Our client specializes in manufacturing and fitting high-quality joinery and purpose-made products for the end user, homeowner, main contractor and New Build Contractors.
The business boasts an impressive loyal customer base who comprise house builders and main contractors as well as specialist joinery contractors.
Clients have been with the business for many years. The business enjoys a strong pipeline of orders year in year out.
The Business has a strong reputation for quality, reliability, industry, and product knowledge and service. Similar or better financial results are expected this year.
Establishment:
Since 2015, the company has provided exceptional wood joinery skills and services in the West Midlands. The business has a good level of plant and equipment including CNC machinery.
Specialisation:
Bespoke purpose made joinery projects, large and small. The company operates on a supply only or supply and fit basis.
Expertise:
Over 40 years of combined joinery and carpentry experience from the Company Director. Staff are also highly skilled craftsmen.
Property:
Fully fitted, 624 square meters over two units, units comprise a steel frame construction with part brick/part blockwork over a concrete floor.
The units benefit from high bay lighting, 3-phase electricity, and an office. Accommodation and WC facilities at the front of the premises. Access is via 2no roller shutter doors to the front of the premises and steel security door on the entrance.
Staff and Clientele:
Team: Exceptional team of three full-time plus one part-time experienced and highly qualified craftsman.
Clients: Strong relationships with major contractors, housebuilders and local tradespeople, ensuring a diverse and reliable client base.
Marketing: The Company relies on the finest marketing method…word-of-mouth recommendation.
Financials:
Comprehensive financial data will be made available to interested parties upon signing a non-disclosure agreement (NDA), ensuring a secure and confidential exchange of information.
Handover: The current owner is committed to a smooth transition to ensure continued success under new ownership and is happy to remain for an extended period if need be.
Reason for Sale: Retirement Sale.
Opportunity:
Excellent opportunity for investors or individuals with joinery industry experience to acquire a thriving, profitable, well-established business with solid financial performance and growth potential. Confidentiality and the success of our clients are paramount. We look forward to facilitating a seamless transition to the new ownership and welcome your inquiries into this exceptional opportunity.
Confidentiality:
This Business Sale is being conducted with discretion. Prospective buyers must sign a Non-Disclosure Agreement (NDA) before receiving any additional information regarding the Business.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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