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A retirement sale of a well-established business that's been in the same ownership for the last 13 years. The owner, 65 this year, now works approximately 30 hours per week with the assistance of one part time employee. With the current customer base, it could be run solely by one full-time working owner.
The business entails the converting of different grades of large upholstery foam blocks into cushion and mattress inners for delivery to Upholsterers in the North East and Cumbria. There is scope for further development of the business, especially with increased promotion to the general public locally and online.
Asking price is plus SAV.
Trading accounts for the year ended 31st March 2018 show Annual Sales of £116,642 and a Gross Profit of £51,183. The sale includes all necessary equipment including a low mileage 2012 Mercedes LWB Sprinter van, forklift truck with large bale attachment, Hyma cutting table, scrap foam baler and glue spraying equipment.
This is a “ready-made” small business and no prior experience of the trade is necessary. The vendor is available for training and assistance, which will ensure a smooth transition following the sale of the business.
Currently based in a warehouse shared with two other small businesses, there is no obligation to take over the existing lease as it has a very short notice of termination. The business could easily be relocated to any suitable location in the North East of England, although there are many benefits of living in a small Northumberland town, with affordable housing and a running a local business.
£8,060 per annum
Small Industrial Estate
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