BUSINESS FOR SALE: On Behalf of Corporate Financial Solutions | Project Rustic

BUSINESS FOR SALE: On Behalf of Corporate Financial Solutions | Project Rustic

 

  • Established Manufacturer of rustic wooden furniture
  • Derbyshire based
  • 6 staff (including 1 director to depart)
  • Gross payroll of £9,500 (£7,500 without directors)
  • Turnover – y/e 31/10/20 £135,681, 31/10/19 £132,307, 31/10/18 £149,092
  • Profit/loss – 31/10/20 (£5,231), 31/10/19 £2,596, 31/10/18 £6,878
  • Leasehold premises – 5 year term from 2020 – Rent of £XX per annum
  • Strong social media presence
  • Assets of £30,000 to include woodworking machinery and equipment and motor vehicle
  • External liabilities (includes a Bounce Back Loan of £50,000)
  • Rent is £14,400 per year on an annual rolling contract

Sale process and further information:

Looking for an accelerated sale of the business and assets outside a formal insolvency process.  Negotiations, initially, will be with the incumbent Directors.  Directors, subject to any conditional offers are willing to vacate the business upon completion of sale.

To register your interest and receive the non-disclosure agreement please contact: – Ben Ernstzen: ben.ernstzen@johnpye.com