Independent Joinery Business
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 be welcoming to the market the only joinery in Erith, and a brilliant one at that! The profitable business was established in 2018 when the current owner noticed a gap in the industry and the need for joineries. Currently, the owner is willing to travel within a 100-mile radius to reach their customers, resulting in high customer satisfaction and a wide range of potential clients. The business markets itself through word of mouth recommendations resulting in a lack of website and social media accounts. This would certainly suit an owner who is looking to expand and inject passion into a well-established business.
Services and Products:
This unique business is known for their professional services which has built a large and loyal customer base across South-East London. They design and produce bespoke timber products for both commercial and domestic clients. The business works closely with designers and architects to produce top-end, high-quality veneer products whether that be large wall panels for lobby areas, impressive conference tables or authentic pieces of original furniture.
- Hardwood Doors
- Heritage Joinery Work
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. This 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 1 mile:
- Peareswood Primary School
- Howbury Pre-School and Day Care
- S & J Vehicle Engineers
- Erith Food & Wine Convenience Store
- Tesco Express
- Cherry Tree Cattery
Reason for Sale:
The current owner is looking to sell this impressive joinery due to prioritising other business ventures.
Fixtures and Fittings:
The business occupies a workshop of 115 square feet contributing to a spacious, fully equipped single storey industrial unit. The workshop is split into two main areas with a private office and toilet facilities. The property is very well-equipped with tools including band saws, spindle moulders and much more. 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
- 1 Spray room with ventilation
- 1 Prep room
- 1 Three phase machine
- Need to find out
Rent and Length of Lease:
- Annual rent: £13,000
- Remaining length of lease: 2 years, expires in 2022
- Annual turnover circa £60,000
- Asking price: £20,000
The business currently benefits from small business rates relief.
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.
- 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 some staff so can produce products more efficiently
Reasons to Buy:
- Incredibly cheap overhead costs
- Assets provided
- Large property
- No competitors near
- Ready to be grown and expanded
Finance options available
Speak with us about our flexible financing options
Contact us for more details, or book a viewing
Once an enquiry has been submitted you will receive a call from our team within 3 business hours.