RELOCATABLE MANUFACTURER OF TOP QUALITY ROSETTES & SASHES INCLUDING ALL MACHINERY, FIXTURES & FITTINGS PLUS SAV
Long established since the 1980s, the current owners have built the business up since they took over in 2009 and they now wish to retire. This is a profitable niche business that will suit a couple who wish to make a good living working together.
The business supplies rosettes and sashes throughout the UK and world-wide with a large market in Norway. Offering both a bespoke and bulk service, they pride themselves on the quality of the products they manufacture and having the ability to do "one offs" as well as larger orders.
With the manufacturing in Wymondham and the assembly outsourced to a team of outworkers, this is a very efficient business that could easily be expanded with more marketing. All design and customisation is done in house and the extensive catalogue and website could be promoted further to increase trade. OUR REF: RX------ - M6744N
Location
Currently operating from an industrial unit in Wymondham, this is just the right size for the business. Comprising of a workroom, office, kitchen, store room and WC and with parking for four cars. It is in a good location, close to the station and for easy access to the A11 and links to all parts of the country.
Staff and Trading Hours
Run by the owners with the support of nine outworkers who operate on a self-employed basis. The current owners are willing to provide training on the use of the machines and the manufacture of the rosettes to the purchaser if this is required.
The current owners typically work at the workshop 09:30 to 16:30, four days a week, with some additional admin work carried out at home. However, there is scope for total flexibility for a new owner to fit the hours around the needs of children or other caring responsibilities if required.
Tenure
New lease available if required. No surrender penalties if relocating.
Turnover
For the year end March 2023, the turnover was in the region of £150,000. With Covid now behind us, it is anticipated 2023/2024 will see a significant increase which is already being shown in the trading figures. The adjusted net profit provides the vendors with a comfortable living and there is considerable potential growth for a new owner by working a greater number of hours and taking on additional outworkers. The owners are currently turning down orders on a weekly basis, despite not undertaking any advertising, as they are happy with their current work/-life balance, hence the huge potential to increase takings.
Business Rates
We are advised that there are zero business rates payable.
Inventory
Stock at valuation upon completion.
Summary
This would be a perfect business for a couple who wish to work together and have a good lifestyle. There is potential for growth if desired. Easily relocatable anywhere in the country, this will suit if you are tired of the rat race and want to be your own boss!
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
