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For Sale: Manufacturer of Bespoke Furniture for an Elite Client Base

This business, established several decades ago, offers the best of British craftsmanship, providing bespoke furniture and interior solutions world-wide to an elite client base.  The client base includes prestigious corporate and private projects worldwide and high wealth individuals, all of whom expect the very highest levels of service coupled with absolute privacy and discretion.

The business will either engage with the end client directly, or via an appointed architect, main contractor or designer. A typical year will involve a couple of larger projects, each in excess of £0.5M, a handful of projects with values in excess of £100k and then a number of smaller projects, with around 80 projects completed in a 12 month period. Within the large contracts, the business often ‘cherry picks’ the elements it wishes to fulfil, and turns down a lot of ‘more mainstream’ joinery work that could be accommodated with an additional joinery facility.

The business operates from well-equipped leased premises located in Wiltshire, and employs over 25 staff full time.  Staff churn is very low and this longevity of experience enables it to produce the highest quality furniture and interior design solutions, innovating with both materials & techniques applied.

Annual turnover is in the order of  £4M, delivering an adjusted EBITDA of c £450k to £500k. The business model generates consistent returns and has proved itself to be fairly recession proof - a degree of outsourcing of work ensuring the business can flex successfully between fixed and variable costs.

The payment structure ensures that the business is ‘cash rich’ and  bad debts are low. The nature of the debtor book (predominantly wealthy individuals) means that it is not a suitable vehicle to raise debt finance.

The Guide Price sought by the Vendors for 100% of the shares is £1.5M.  The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £270k.   This business is an extremely unusual opportunity and will be an attractive acquisition for larger trade buyers looking for  a ‘halo effect’ and access to an ultra wealthy client base and also high net worth individuals looking for a unique and profitable stand alone opportunity.

The vendors will provide appropriate handover support although the existing management team is very capable of running the business on a day to day basis.




If you would like to request further details about this opportunity please complete the form below and indicate your agreement to the Confidentiality Agreement.

CONFIDENTIALITY AGREEMENT

You are requesting Anderson Shaw Corporate Finance Ltd ('Provider'), in conjunction with its client ('Vendor'), to provide you with information about the Company/ies and/or Business/es referred to in the advertisement above. This information will usually comprise the identity of the Company/ies and/or Business/es for sale and may also comprise a Confidential Briefing Document and/or other relevant information about the Company/ies and/or Business/es ('the Information'). Before the Information can be sent to you ('Recipient'), you must indicate below for yourself and/or on behalf of the corporate entity/ies you represent your agreement to abide by the following terms:

Recipient agrees:

  • To keep confidential the Information which, for the avoidance of doubt, includes the identity of the Company/ies and/or business/es for sale.
  • To use the Information only for evaluation purposes.
  • To share the Information only with fellow directors and/or retained professional advisers who will be deemed to have agreed to the terms of this agreement.
  • To return all the Information on demand to the Provider or the Vendor and not to retain any copies.
  • On demand to provide a hard-copy, signed version of this agreement from today’s date.

This Agreement will:

  • Terminate with the written consent of both parties or in any event after 2 years from today's date.
  • Not apply to any of the Information found to be in the public domain.
  • Not apply to any of the Information which is published or otherwise becomes part of the public domain through no fault of the Recipient.
  • Not apply to any of the Information which is already known to the Recipient.

In most cases, if the Vendor approves the release of the Information to you, you will be asked to sign a separate, longer form, Non-Disclosure Agreement which will replace this Agreement.


Anderson Shaw has offices on the outskirts of Coventry and provides business broker and corporate finance services for clients throughout the Midlands and the UK.

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