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Finance And Services:

Business For Sale. Well Established & Profitable Office Furniture Company

LISTING DETAILS
Firms For Sale ID:
35080
Vendor reference:
AN046
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£550,000  
Turnover / revenue:
£600,000
Net profit / cashflow:
Undisclosed
Years established:
15
Trading hours:
Monday Friday
Number of employees:
4
Employees / staffing:
The 2 owners work full time within the business, one is responsible for sales and finance and the other is responsible for operations. The business also employs a sales manger for the retail shop and a full time office furniture fitter. The owners have built up an impressive network of sub contractors.

OTHER DETAILS
Support and training:
The current owners would be happy to provide full support at handover and may be prepared to stay on for a further period should a new owner so require subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from rented warehouse and rental premises with excellent access to the road network. The warehouse and retail shop are on flexible terms that could be renegotiated or terminated depending on the new owners requirements.
 
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BUSINESS DESCRIPTION
Well Established & Profitable Office Furniture Company
Ref. AN046
Location : Essex & London
Asking Price : 550,000 (inc. net assets)
Turner Butler has been appointed to invite offers of purchase for this established and highly profitable office furniture company that has an excellent customer base and established retail and website presence.
Business Profile
This business was set up by the owners 15 years ago and has developed a range of loyal customers ranging from small companies, larger corporates and over 20 schools.
The business has grown predominantly through word of mouth and repeat business. The owners have also invested significant funds into a website and targeted digital marketing and are ranked highly in internet search engines and in Pay Per Click (PPC) advertising.
Equipment:
The company has all the necessary equipment and infrastructure for a new owner including financial software, vehicles and equipment

Expansion Potential
Even though the business is well established there are significant opportunities to expand. The company does not employ any dedicated regional field sales representatives. The owners have only recently started to actively market on websites and digital platforms (Google, Gumtree, and EBay etc.) But there are significant growth opportunities in this area.

There is huge demand for good quality used office furniture and there are a number of larger tender opportunities with local authorities and educational establishments to secure further longer term contracts.

This is an ideal opportunity for an additional bolt on to an existing office furniture company or as a stand alone investment.

Market / Competition / Non-Competition Agreements
The business has historically relied on repeat business and a large percentage of turnover is from existing clients. The owners have recently invested funds into a dedicated website and employed marketing agents to drive website traffic to their site through Search Engine Optimisation (SEO) and Pay Per Click (PPC) advertising through Google. This has started to produce impressive results but could be developed further by a new owner.