Total of 18659 firms and businesses for sale today Monday 13th May 2024
Sold. Specialist Engineering Company Manufacturer Of High Quality Steel Fabrications For Over 39 Years (so
LISTING DETAILS
Firms For Sale ID:
34963
Vendor reference:
IS052
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£195,000
Turnover / revenue:
£164,000
Net profit / cashflow:
£100,000
Years established:
39
Trading hours:
The business currently operates on a one shift system, Monday to Friday from 8:00am to 5:00pm Monday to Friday. This could be expanded if need be.
Number of employees:
1
Employees / staffing:
The vendor works in the business on a day to day basis and is hands on with operations as well as administration; the vendor is assisted by one part time fabricator.
OTHER DETAILS
Reason for selling:
The owner is planning retirement.
Support and training:
The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. One/both may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from fully equipped leasehold premises that are located on a small, well known business park, in a rural Dorset area. The premises are circa 1,750 square feet on one floor with all facilities available.
The premises offer excellent value for money and are accessible from all major trunk roads that run through the Dorset county. We are advised rent, rates and water are circa GBP 6,500 p.a.
BUSINESS DESCRIPTION
Specialist Engineering Company
Manufacturer of high quality steel fabrications for over 39 years
(Sole trader)
Ref. IS052
Location : West Dorset
Asking Price : GBP 195,000 Inc. Assets
Set up over 39 years ago and as such is a very well established and reputable business providing a comprehensive range of niche metal fabrication products and engineering services to a variety of clients in various manufacturing sectors.
The business- comprehensive metal fabrication facility and a commitment to quality, ensures that all fabrication is done consistently and to the highest standard.
With in-house craneage facilities, the business offers customers fabrication solutions for projects such as Chassis assemblies, Conveyors, Agricultural, aerospace and forestry equipment, inspection machines and walkways.
The business- rigorous quality control procedures ensure that consistent strength and finish are maintained on all welds. Every detail of a customer order including quality specific requirements are visible at each stage of the production process, quality alerts are always top priority.
Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.
It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place.
Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. The business would also benefit from the creation of a website to showcase its products and attributes; essentially the business does very little in the way of proactive marketing.