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A very profitable niche manufacturer of furniture that requires business acumen skills rather than joinery skills, making it an excellent lifestyle business opportunity, is being marketed for sale. This well-equipped and automated business manufactures and sells its own furniture ranges (design IP included in the sale), from stained pine for the budget conscious to solid oak for the more affluent customer. Elements such as metalwork and some of the more sophisticated joinery are outsourced, meaning that the production process comprises predominantly low skilled activities.
The enterprise currently leases a farm unit in an idyllic Hampshire location, adding to the attractiveness of the overall opportunity, but could be relocated relatively easily.
Initially set up as a ‘hobby business’ by the current owners, neither of whom had particular joinery skills, the business has enjoyed strong year over year growth, latterly delivered through investment in CNC technology and automated production processes. However, the ongoing success has meant the business has reached the point that the product range is being limited and orders turned away in order for the owners to maintain their sought work life balance.
Sales for the current year are forecast at £250k delivering earnings for a single owner of c £80k and the following year, conservatively at £280k sales, and single owner earnings of c £100k.
The combination of holding the business back and also a desire by the vendors to return to previous career paths means the successful business is now being marketed for sale. The guide price for 100% shares of the company is £215,000 to include a debt free, cash free Balance Sheet with a Net Asset Value, expected to be c £50,000.
The opportunity will suit both trade buyers looking to extend their product range and production capacity and also individual purchasers, looking for a robust lifestyle business, that owns its own product designs and with significant growth opportunities.
The purchaser does not need to have sophisticated joinery skills and the vendors will be happy to provide an appropriate handover of both the technical aspects of production and the operational aspects of the business.
Please do not attempt to contact the vendor directly.
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