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The business was founded 30 years ago by the current owner and hence is well-established. It is operated from a leased 2,000 square foot heated unit located between Southampton, Portsmouth and Winchester, with access therefore to a large catchment area.
The business manufactures and fits bespoke joinery solutions, including doors, windows, stairs and fitted furniture and also specialises in restoration joinery. Clients are predominantly builders and architects, with the majority of new business generated via recommendation or referral.
The vendor works in the business alone, typically 40 hours per week. The workshop is well equipped and heated and a full inventory of the major machinery will be provided.
Sales are stable at c £65,000 to £70,000 delivering owner earnings of c £25,000 to £30,000.
The vendor is now of retirement age and hence the decision to market the business for sale. He can be flexible over handover arrangements in order to ensure a smooth ownership transition.
The guide price for assets and goodwill, including all equipment, stock and ancillary items and additionally website and customer database has been reduced to £39,500 in order to accelerate a sale.
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