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Successful Manufacturing Business for sale in Kingston upon Thames
Kingston upon Thames, Greater London
Business overviewWrks24 is a design fabrication studio offering laser cutting, large format printing services, offering bespoke and bulk design services for private and institutional clients.
Wrks24 is a design fabrication studio offering laser cutting, large format printing services, offering bespoke and bulk design services for private and institutional clients, the business operates on an online platform where all services and products are purchased online, The business in set in a way where it can operate from any premise without the requirement to let expensive retail/warehouse space, all it needs is a space where clients and vans can collect work, ideally within 1-2 hours distance from most locations in London all customer relations are dealt with on an automated online platform.
The business has the potential to expand in the signage and advertising market, 3d printing, online gift retailing, design workshop management on behalf of private and institutional departments such as art, engineering, schools, and labs.
Here is a list of Q&A summarises the business opportunity.
• During what hours and days does the business trade on?
The business trades between 9-5pm Monday to Friday and Sunday on express service (double prices)
• Is the turnover consistent over the past few years? Has the business been growing or sitting still etc?
The business has been consistent, However, due to my other commitments, the business has been running on its lowest potential with average daily job processing of 1 hour with a part 2 hour/day part-time assistant. Relaying 100% on google search clients.
The highest revenues were achieved when we use to carry open day events in universities and design studios, give brochures and discounts away.
The biggest potential for the business is through securing B2B contracts from Interior designers/display designers and some sign makers this could generate a turnover of 2-4k per month per client, However, it will require a full-time member to run the business.
And potentially another machine if you have more than 10 business contracts
• What type of competitors does the business have? Local/national – what differentiates the business?
The current competitors are :
Cutlasercut and fast signs.
What differentiates the business is its low overheads which allow adapting to any specific field, this could be in: signage design, laser cutting, and manufacturing services, digital printing, online gift retailing.
• Does this business require staff?
Currently is running with a 1 part-time member, However, between 2014-2016 the business was running with a 1 full-time member.
• How does the business gain new custom (word of mouth/advertising etc)
The business gains customers through 3 main lines :
1- Google search (We are ranked as number 3 in the list) when customers search for “laser cutting in London”.
2- Word of mouth/recommendation and positive google reviews.
3- Marketing events, open days in universities and art centres.
4- Design and manufacturing events such as excel.
• What specific fixtures and fittings are included in the sale?
The business comes with all the office fittings, storage shelving units, for both laser cutting materials and spare parts and for the printing side, large and small format paper storage shelving units.
• How can the business be grown and developed? What would you do if you were to stay in the business (current owner) where would you invest?
I would immediately hire a business development manager to sign contracts with gift sign makers, gift retailers, private and public design institutions. Once contracts are locked then buying machinery and hiring staff is a natural process, However, the business needs a clear decision whether it wants to be B2B or B2C.