Business Description:

An opportunity has arisen to acquire a fast-growing independent joinery business based in the South-East of London. Silk Letting Ltd is pleased to welcome to the market this fantastic joinery in Erith. This profitable business is specialised in joinery manufactures and cabinet furniture. The joinery offers an excellent service within a 100-mile radius of the workshop to reach their loyal and repeat customers, resulting in high customer satisfaction and a wide range of potential clients. The business advertises itself through word of mouth recommendations demonstrating natural marketing and growth. Rated with a 5-star review on Houzz, the workshop provide a range of services to facilitate customers in getting the finest furniture pieces available. Their mission is to put customers ideas and requirements as a priority. They design and make quality pieces that set your home or business apart. The brilliant joinery is based in a prime location with ample parking around the building, making the property easily accessible to both the owner and the potential customers. This Fantastic opportunity suits any new owner looking to expand and inject passion into a well-established and unique business.

Services and Products:

This unique business is known for its professional services which have built a large and loyal customer base across South-East London. They currently design and produce bespoke timber products for both commercial and domestic clients, amongst other lucrative contracts. With a fully equipped warehouse filled with machines such as mitre saws, nail guns and hand-held electric planes; the possibility of development is endless. The business works closely with designers and architects to produce top-end, high-quality veneer products, ranging from large wall panels for lobby areas, impressive conference tables to authentic pieces of original furniture.

Product List:

  • Windows
  • Hardwood Doors
  • Furniture
  • Kitchens
  • Bespoke Carpentry
  • Heritage Joinery Work
  • Staircases

Location:

Situated only an hour out of Central London, the business is placed in the centre of Erith on a private and extremely secure industrial estate. Being in a bespoke warehouse result in no competitors nearby and therefore means that the client base is incredibly loyal. The business provides ample parking around the building making the property easily accessible to both the owner and the potential customers. The industrial estate is well served by the A206 road running parallel alongside the property.

Within 2 miles:

  •  Vehicle Engineers
  • Food & Wine Convenience Store
  • Home Improvement Store
  • Locksmiths
  • Toy Shop
  • Gym

 Reason for Sale:

The current owner is looking to sell this impressive joinery due to prioritising other business ventures. This allows the new owner to take over a well-established Joinery, ready to be expanded.

Fixtures and Fittings:

The business occupies a spacious, fully equipped single-storey industrial unit and is split into two main areas with a private office and toilet facilities included. The property is very well-equipped with tools including band saws, spindle moulders, drum sanders, bench grinder and much more. Inside the premises, there are lots of materials such as hardwood, softwood, and plywood to suit any customers requirements. In addition to this, the manufacturing equipment is in excellent condition and significant expansion is possible on the current site.

Some of the provided assets are:

  •  5 Machines
  • Spray room with ventilation
  • Prep room
  • Wood
  • Clamps
  • Chisels
  • Drills
  • Planer
  • Saws
  • Three phased machines

Rent and Length of Lease:

  • Leasehold
  • Annual rent: £13,000
  • The remaining length of lease: 2 years, expires in 2022

Financial Profile:

  • Annual turnover circa £60,000
  • Asking price: £30,000

Business Rates:

The business currently benefits from small business rates relief.

Staff:

A benefit to this business is that there are currently no staff members due to it being an independent business. This means there is room for staff expansion and the original start-up cost is very low.

Opening Hours:

  • Monday – Friday 6:00am-5:00pm
  • Saturday & Sunday closed

Growth and Expansion Potential:

  • Operate on the weekends
  • Create a fresh website
  • Create social media for more exposure
  • Hire staff and increase the scope
  • Apprenticeships

Reasons to Buy:

  • Incredibly cheap overhead costs
  • Fully Equipped
  • Prime location
  • Large property
  • No nearby competitors
  • Ready to be grown and expanded
  • Parking available

What are you waiting?

This is a fantastic opportunity that is not to be missed. Viewings are by appointment only and all enquiries are to be directed to silk letting.

Contact Mounif at Silk Letting Ltd on 01615079791 or Mounif@silkletting.co.uk to secure your viewing today