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Mon, Dec 06 2021 12:07:57 PM  |  /

Relocatable Lapidary

Business Id:000769     |    Reference: IZ028
Price:
£145,000.00
Business Description

Ref No: IZ028

Asking Price: £1450,000 plus SAV

Location: Kent (Fully Relocatable)

Asking Price Includes:

Turnover c £200,000

Gross Profit c £90,000

Net Profit c £60,000 (Significantly Higher if new owner works the Business)

Over Ten Years Established

Very Little Competition

Introduction:

Turner Butler has been appointed to invite offers of purchase of this well established lapidary. This is an asset sale, the business currently operates within a larger trading company with the trading numbers clearly separated. 

 

Business Profile:

The business relates to the supply of rock tumbling and jewellery tumbling machines (Lapidary).

Combined with associated parts and accessories required, within the 2lb-6lb entry level market.  

 

The business is stand alone individually branded that has a long established premium name within its area of activity. At present supply is to trade sellers only.

 

The opportunity is there to expand the product range and importantly sell direct to the end user resulting in a substantial lift to profitability.

 

All tooling, equipment and supplier details comes within the price, with existing stock sold at a 30% discount.

                                       

Customer Service:

Client satisfaction is paramount. This is borne out by long standing relationships with a loyal customer base. They have significantly improved the build quality over the years. 

 

Key Strengths:

A very simple business model with little competition which can be operated from a

500 sq ft unit.

 

Asking Price:

This is an asset sale and the asking price of £145,000 plus stock is for this turnkey operation who`s trading figures are clearly documented. The current stock value is approximately £30k. Full and easy training is included if required.

Employees:

Current labour expenditure is very low and equivalent to 1.3 workers.

 

Reason for Sale:

Our client wishes to focus on and expand the larger element of their business which

is not connected to the lapidary.

 

 
Business Information
Turnover:£200,000.00 Annually
Profit:£60,000.00 Annually
Is this business relocatable: No
Business Sector: Jewellers, Engraving Service businesses
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: na
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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