Canal Narrow Boat Builders For Sale

Business description

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.

This company was established in 2002, utilizing the generic 11+ year old skill set of the company’s two Directors. The company has been very well managed with great dynamics and forward vision. Their business model is built on delivering top quality products of both traditional and innovative contemporary design within the growing industry of building Canal/Narrow boats. The successful delivery of this business model has led to the company receiving great acclaim from the industry, the media and the marketplace.

The Directors have, since inception, driven the company towards a position of strong brand image. So successful have they been that their brand is now accepted amongst the top names in the industry.

The company has seen steady growth over the last seven years and, from their current solid trading platform, they are able to offer the new owner a strong forward order book of 18 months and circa £1,000,000 value. All of their boats are custom built to the purchaser’s individual requirements, with fulfillment of the customers dream being a clear objective. The company is also a member of the British Marine Industry Federation and the Canal Boat Builders Association.

The Directors realize that the leisure sector is well known for being personality based, particularly, as in this case, where the personality and vision of the owners is well known. They have therefore expressed their willingness to be retained for a period, if required, by the new owner by separate negotiation.

Equipment:

The company owns and maintains an inventory of tools, equipment and machinery. Said inventory is expected to be included in any successful sales package.

Customer Service:

An area which is very strong with this company. Renowned as they are for their delivery of quality built traditional design boats, they frequently undertake projects of a ground breaking nature, which consistently add value to their rapidly rising reputation.

Key Strengths:

The key strength of this company must surely be the Directors skills and passion, to consistently deliver both innovative and traditionally designed products, thus placing them in a niche sector of a niche market, and with “dream” driven customers actively seeking their services.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease terms:

The lease renewal is currently under negotiation, with current yearly rental coming in at circa £15,000, and rates coming in at circa £6,000 per annum.

Location:

The company’s factory premises of approx. 6,000 square feet are located on a development of similar properties. The lease renewal is currently under negotiation, with current yearly rental coming in at circa £15,000, and rates coming in at circa £6,000 per annum.

Other information

Expansion potential:

The business is growing healthily under its current ownership and would continue to do so under new ownership, by simply replicating the current formula.

Competition / Market:

The company has developed and maintains a quality Internet Website to accompany its advertising in two industry specific magazines and exhibition participation.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Thursday: 8.00am – 5.00pm
Friday: 8.00am – 2.00pm
With more hours being worked as necessary