SOLD : Manufacturer of Bespoke Furniture for Education Sector, Devon – Marketing Price £240,000

  • Established 1947 by current owner’s husband (who died in 2014)
  • Currently run entirely under management
  • Niche market operation, producing high quality wooden furniture for all levels of education from nursery classes through to primary and secondary schools, colleges and offices
  • Excellent name and reputation for quality and services
  • All orders fulfilled using company’s own vehicles for distribution
  • Significant customer database (over 500) including regular, infrequent and one-off purchasers
  • Turnover £350,000
  • Gross Profit Margin 27%
  • Very little spent on marketing – relies almost entirely on repeat business, referrals and recommendations
  • Considerable and genuine potential for trade development
  • Freehold business premises (with nearly 12,000 sq.ft. of gross internal floor area) on ½ acre site – independently valued by professional property consultant at £225,000 in March 2014 – well sited on industrial estate with good road communications to relatively nearby M5