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Finance And Services:

Business For Sale. Manufacturer Of Nets For Everything Except Fishing

LISTING DETAILS
Firms For Sale ID:
35039
Vendor reference:
EB061
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£450,000  
Turnover / revenue:
£522,000
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
2
Employees / staffing:
The vendor works in the business on a full time basis and relies successfully on staffs who are mostly responsible for the administrative duties, manufacturing and customer relationships. As well as the vendor, the business also employs: 1 x Admin Assistant 2x sewing operators

OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy due to pending retirement.
Support and training:
The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership, subject to negotiation. This innovative and market-leading Company presents with proven financial track record as an excellent opportunity for investors in a well established market place. Interest is invited from buyers ready to advance the business to the next level.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from fully equipped leasehold premises that are located on a modern, well-known business park, near busy market towns. The premises are circa 10,000 square feet, over two floors, with stockholding on the ground floor and admin, manufacturing, finishing & packing on the first floor. The premise offer excellent value for money and are located in a fabulous semi-rural location, very close and in easy access of A roads and nearby Towns. We are advised rent, rates and water are circa £30,000 p.a.
 
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BUSINESS DESCRIPTION
Manufacturer of Nets
Nets for everything except fishing!
More than 130 years of continuous trading
Ref. EB061
Location : SouthWest
Asking Price : £450,000 + Assets
The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfully responded to the variable market conditions that surround a highly competitive industry.
The company has its origins in supplying nets to the area’s fishing industry and today manufactures and sources from overseas partners, high quality knotted nets for a range of uses, including bird control, fruit cages, and sports facilities.
The company blends traditional craft with modern techniques and uses spooled twine on a variety of net weaving machines that are then stretched and heated, which sets the nets, before hand-joining and being trimmed to size.
Customers can order one of the company’s off-the-peg products, or specify any size of net that is required.
Alongside the Company’s own manufactured products, the Company enjoys long standing alliances with complementary reputable international manufacturers that the Company sources from and supplies in the UK and internationally.
Customers come from around the world and the business supplies its nets to all manner of markets including agriculture, wholesalers, pest control, game keepers and private individuals; the business has even supplied nets to a New York City Theatre.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.

It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as its proprietary designs and products consistently find new customers around the world.

The business currently operates a one shift pattern. There is no reason why this cannot be expanded should a new owner look to increase output.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a basic yet informative website but does very little in the way of proactive marketing. In saying that the website ranks very well on Google for explicit searches for the specialised products that the company manufactures.