BUSINESS AND ASSETS FOR SALEProject Open

Project Open is an opportunity to acquire the Trade and Assets of a specialist manufacturing company operating in the home improvement market, based in Northern England servicing a wide range of customers in the trade and retail market.

Key Features

•   Established approximately twenty years ago. The Company operates from leasehold premises of approximately 30k square foot, located in the North of England.
•   A diverse customer base which includes regional and national customer requirements for trade customers.
•   Customer focussed, able to tailor services required for specific customer needs and requirements, assisting from design to installation.
•   Highly knowledgeable and experienced workforce (26 staff).
•   Has potential for growth from existing premises and workforce.
•   Turnover: 9 months 2021 - £2.63m; y/e 2020 - £2.88m.
•   Gross profit : 9 months 2021 - £996k; y/e 2020 - £942k.
•   Recent performance impacted by Covid – y/e 2019: Turnover - £4.16m; GP - £1.68m.

Offers

•   Indicative offers are required by 5pm on Wednesday 5 January 2022, with a sale concluded by no later than the close of business on Friday 14 January 2022 and therefore only parties that are able to work within this time frame should respond. We reserve the right to close the bidding early or extend the deadline, without liability or advance notice.
•   All interested parties will be required to sign a non-disclosure agreement. Proof of funding is required.

Contact Details

Laura Betts
Cerberus Group
laura.betts@cerberus-group.com