Location: Northamptonshire
Turnover: £750,000
Gross Profit: £177,000
Adjusted net Profit: £75,000
Asking price includes:
Turnover of c. £750,000
Adjusted net profit £75,000
Over 30 years established
Large experienced workforce
Very loyal customer base
A strong national reputation
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share
capital of this very well established coach and bus refurbishment business.
Business Profile:
This long established coach trimming company offers a specialist upholstering service
to its customers. They also undertake complete vehicle refurbishments working on coaches, double deckers, buses, mini buses and heritage vehicles. This business could be a perfect fit for any company currently undertaking seat refurbishment of airlines, boats or trains.
Customer Service:
Customer service is paramount and is borne out by very long standing relationships with a loyal and trusting customer base.
Key Strengths:
This Northamptonshire based family business has been established for over 30 years. They
currently employ 15 skilled staff members and provide a truly high quality service at very
competitive prices. Most of the work undertaken is completed the same day.
Financial Performance:
Turnover c. £750,000
Gross profit c. £177,000
Adjusted net profit c. £75,000
Asking Price:
The asking price of £290,000 is for 100% of the issued share capital of the company.
Stock, tooling and equipment etc. (SAV) is included in the asking price (calculated
on a zero cash-zero debt basis).
Advertising and Marketing:
There`s a current annual spend of approximately £5,000.
Growth and Expansion:
Growth could be achieved by being acquired by a similar business operating in a
different market.
Premises:
The current trading premises is being sold so this business will need to be
relocated.
Employees:
There are fifteen employees.
Reason for Sale:
Retirement.
