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Key Facts

[Ref: GK199]

Business For Sale : Interior Design Practice
Location : West Midlands, West Midlands (English Region), UK
Leasehold | Asking Price: "£250,000"

Contact: Turner Butler

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Asking price includes

Turnover Circa £379,000 per annum
EBITDA £92,000
Shareholders’ funds circa £45,000
Regular client base of circa three hundred
Goodwill

Business profile

This business represents a rare opportunity to acquire one of the leading interior design and fulfilment companies outside London.

The business has been in existence for over forty years supplying consultancy, design, and project management services to a range of clientele across the length and breadth of the UK and occasionally in Europe. Its watch word has always been “detail is everything “and this has been the corner stone of its success.

Its private clients are predominantly in the A, B demographic and corporate customers have included international car manufacturers, and confectioners. The company will undertake any instruction from a one off item to a full refurbishment contract. The process is dependent on establishing a close working relationship with the client. They must first visit the show house to get a full understanding of the type and quality of design and craftsmanship that is achievable. They will also be able to view the large selection of valuable pattern books that the company has built up over a number of years and that is regularly updated. The design team then make a return visit to the customer’s home or premises to understand the nature and size of the task. A photographic record is taken of every step of the project. The result of several consultations is a final design that has been measured, costed and presented. Once accepted an initial deposit is taken and the work commences.

One of the strengths of the company is the in house workroom that handles the production of all the curtaining. All carpets and curtains are installed by sub contract fitters and the work is overseen by a member of staff to ensure their high standards are strictly adhered to.

The company has a regular returning client base of around three hundred customers with the total database of previous customers running into many hundreds.

Key Strengths

• Established for over forty years
• Highly qualified and experienced team with excellent interpersonal skills
• Beautiful rural premises
• Large repeat customer base
• Excellent reputation
• Superb web site
• Controlled overheads
• Profitable business

Premises

The business is located in a 16th century house that is furnished to reflect the company’s abilities and ethos. It also contains the offices and workroom previously mentioned and is a superb reflection of what it is capable of achieving for its clients. The annual lease is £8000 and the landlord will be willing to transfer the lease to a new tenant.

Employees

• One director / shareholder
• One P.A and Company Manager
• One part time showroom manageress,
• One part time driver and store man
• All other staff are sub contracted

Financial profile

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business has an average turnover around £500,000. EBITDA is circa £92,000.

Reason for Sale

The founding director has decided that he would like to take early retirement and to hand the business on to the next generation of shareholders.He is extremely keen to see the business he founded continue to flourish and will be willing to provide a comprehensive handover and some ongoing consultancy subject to the correct terms and conditions being agreed.

 
 

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