Niche Sector Furniture Manufacturer For Sale

Business description

B2B, B2C







This is an opportunity to acquire an established trade name manufacturer of soft furnishings. This well-known branded company was formed in 2001 has established a USP for high quality and 7 day turnaround to Retail and Commercial customers alike.

There is a 42,430 ft factory/retail showroom with circa 50% of turnover made from within a niche market sector. The retail shop in the front of the building is one Northamptonshire's largest independent retail showrooms and is situated in a very busy area surrounded by professional office parks, high-street brand shopping centres and other industrial buildings.

The Company also imports wooden furniture (dining rooms, bedrooms, occasional tables, etc.) to augment the on-site manufacturing of the soft goods thereby providing a full package service to retail and trade customers. Many of the imported pieces are designed to the Company’s specification.

Weekly advertising campaigns, and a recognised brand logo sees the retail division turning over a 52 week average of £18K per week with the balance of T/O coming from niche manufacturing contracts with various static caravan, new home builders and hoteliers.

Highly expandable, with several current opportunities for growth, the owner wishes to retire and does not want to grow the business any further on his own. Day to day operations are run under retainable management with the owner working part-time during a normal 5 day work-week and the showroom operating, under management, 7 days a week. The Company is in the process of designing a website in order to capture web browsing customers.

The Owner has been in the furniture business for nearly 40 years and is highly regarded. As such, the Company’s products carry a fine reputation for quality. The on-site upholstery team has been personally trained by the owner.

There are contacts in place with potential trade customers that have not yet been exploited. The current owner has not pursued further sales due to his desire to retire, but he has an excellent grasp of the market place and would assist a new buyer to capitalise on several opportunities acting as a mentor for the new owner to assist expansion into existing and new market sectors.

The retiring owner will commit to a part time consultancy role in order to make appropriate customer and supplier introductions and complete a smooth transition.

Historical Financial Performance is compiled from the statutory and management accounts of the Company, and is a basic view of turnover and profitability.

Further information will be provided to interested parties who have duly executed a confidentiality and non-disclosure agreement to the Company's advisors HW Corporate Finance.

This is an excellent opportunity for someone with marketing abilities, entrepreneurial flair, team building skills, ambition and drive to grow an already established company.

Property information

Property:

Freehold

Lease terms:

The property has recently been appraised by Lambert Smith Hampton and is being offered with the business. The owner may consider a lease arrangement for a suitable buyer.
The property comprises 1.467 acres with a detached building housing manufacturing area/storage/retail showroom of c42,430 sq feet extended to the side and read. There is a fully enclosed yard area to the side providing loading/unloading facilities, business lorry parking and additional space for approximately 10 more cars. There is also a car park to the front and there is additional parking on the street and in the adjacent retail parks.

Location:

The business is located adjacent to the A14 dual carriageway and Pytchley Road (A509)

Other information

Reasons for selling:

This is a retirement sale.

Financing available:

HW Corporate Finance can assist the buyer in acquiring the necessary funding for the purchase of this business.

Contact the seller