Successful Marine Carpentry Business For Sale

Business description

Well established, successful ‘Marine Carpentry & Joinery Business” based in Palma but covering the whole of Mallorca (and further afield if required). Boasting a 10 year trading history with a 90% regular clientele being a reflection of their success.

The company specializes in ‘high end’ yacht related carpentry & joinery with a particular emphasis on interiors (veneering, laminating, cabinet making etc). They also offer exterior carpentry including teak decks.

All run from a large (approx 440m2), fully equipped machine & assembly workshop close by the main yacht marinas, overseen by the owner and run with a total of 7 British staff including 5 qualified joiners and carpenters.

The asking price includes a large stock inventory, all workshop (extensive and comprehensive) & office equipment, 4 low mileage Fiat Vans (yr 2000), 2 ‘run-about’ cars, plus client lists and contacts, ongoing contracts (enough work for the next three years) and current work in progress...

This is a professionally run business with an indicated turnover of approx 500,000€ pa and an average net profit of 120,000€ (calculated over 6 years), this year will be in excess of 130,000€ with options to increase by an energetic purchaser, noting the same turnover again is turned away each year.

The premises lease alone could be quite valuable but now add approx 150,000€ ‘set up’ costs for the plant, machinery & equipment (most of it is less than 5 years old), plus stock and a guaranteed order book and it can be seen that the asking price is quite reasonable.

COMMENT:

Whilst very much a specialist trade, this business could possibly be run by someone with just a basic knowledge of carpentry and design as highly skilled staff are already in place, perhaps more important is to be able to manage and organize.

note: Sterling price based on 1€/70p

Property information

Real Estate:

Lease

Lease terms:

5 years renewable
Rent: 1,800 € per month

Other information

Expansion potential:

Immense

Furniture / Fixtures value:

€150,000

Contact the seller