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Fri, Jan 27 2023 04:01:43 AM  |  /

Manufacturer of Estate, Garden, & Equestrian Equipment

Business Id:000789     |    Reference: EW011
Leasehold Price:
£1,000,000.00
Business Description

Business Profile:

This well- known and respected business was founded by the vendor’s husband in 1986 when he became frustrated with the lack of suitable lawn care attachments to fit to his garden tractor. The initial company brochure was a small black and white affair which has now burgeoned into a print run in excess of 50,000 copies, containing the details of over 200 British built machines, from trailers, sprayers, lawn care systems, water units, manege rakes to artificial surface maintenance machines and much more.

For the last thirty years the company has designed and developed an entire range of machinery for gardeners, groundsmen, small holders and equestrian centres.

The company’s machinery is simple and practical to use, with no awkward adjustments or settings. The products are known for their durability, practicality and quality. The products are made on site in the Company’s workshop.

The products are sold through both a network of 80+ dealers as well as the Company’s comprehensive website. Sales are made predominantly in the UK with a small quotient sold to some European countries. There is tremendous scope to increase the international sales side of the business.

The vendor has reached the age and stage where she wishes to sell the business as there are no family members who wish to take over the reins.

Clients:

Customers include sports clubs and associations, schools, public authorities, landscapers and high net worth individuals. 

Management & Staff:

The business is run day to day by two full time directors who have been with the business almost since inception. The managing director runs sales and operations and the finance director runs the finance and administration.

There are monthly board meetings at which the two working directors report to the vendor who takes an active interest but no active role in the business.

The company employees 25 staff including the directors of which 5 are in the office and the remainder in the workshops and on the factory floor.

Customer Service:

The business offers customers the highest quality of manufacture & finish and great customer service. Clients can be assured of the quality of product through a satisfaction guarantee. 

Key Strengths:

The business has many strengths including:

  • Settled and experienced management team
  • Enviable reputation in the UK
  • Competitively priced products
  • Product design & ease of use
  • Repeat business levels and referrals
  • Nationwide dealer network
  • Excellent ecommerce website

Key Opportunities:

The business has enjoyed steady trading over its lifetime but areas for growth include development of marketing to drive new sales in other parts of Europe, increased marketing and promotions and re-location to more efficient premises.

The market outlook for the business is excellent. With a strong demand for this business’s services a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform.

This is a unique opportunity to purchase a very well established business. It is a well-structured business generating excellent profit margins with excellent growth potential.

Advertising and Marketing:

The business has an excellent website providing details of the product range together with an e-commerce facility.

A high proportion of the business' revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and dealers as its best advertisers, maintaining an impressive database of clients, whilst continuing to attract new referrals and recommendations.

Premises:

The business operates from a range of buildings behind the vendor’s house. The house is being sold and there is an opportunity to remain in situ for a period of time. However ideally the business should be relocated as soon after completion of the sale as possible to a c20,000 square foot unit within 25 minutes of the current location.

Business Hours:

Usual office hours are Monday – Friday:        8.30am – 5pm

Financial Information:

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for 2021 circa £2.061 million

EBITDA £222,000 after management costs

Net Assets of £316,000 excluding surplus cash.

Reason for Sale:

The vendor wishes to retire.

Asking Price:

The Asking Price of £1 million is for 100% of the issued capital of the company. The projected Net Assets at completion are £316,000 and the final sale price will be increased £ for £ by any increase in the final net asset value above £316,000. At the time of writing there is c£300,000 of surplus cash within the company.

 
Business Information
Turnover:£2,061,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Manufacturing businesses
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: na
Key strengths: The business has many strengths including: • Settled and experienced management team • Enviable reputation in the UK • Competitively priced products • Product design & ease of use • Repeat business levels and referrals • Nationwide dealer network • Excellent ecommerce website
Key Opportunities: na
Financial performance: The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover for 2021 circa £2.061 million EBITDA £222,000 after management costs Net Assets of £316,000 excluding surplus cash.
Asking Price: 1000000
Advertising and Marketing: The business has an excellent website providing details of the product range together with an e-commerce facility. A high proportion of the business' revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and dealers as its best advertisers, maintaining an impressive database of clients, whilst continuing to attract new referrals and recommendations.
Growth and Expansion: na
Premises: The business operates from a range of buildings behind the vendor’s house. The house is being sold and there is an opportunity to remain in situ for a period of time. However ideally the business should be relocated as soon after completion of the sale as possible to a c20,000 square foot unit within 25 minutes of the current location.
Business Hours: Usual office hours are Monday – Friday: 8.30am – 5pm
Employees: The business is run day to day by two full time directors who have been with the business almost since inception. The managing director runs sales and operations and the finance director runs the finance and administration. There are monthly board meeti
Support and Training: na

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