* Included in Asking Price
Fully Equipped Sheet Metal & Steel Fabricator
Asking Price £ 395,000
Asking price includes:
Substantial well located leasehold premises circa 6,000 square feet
Turnover for last financial year circa £954,000 per annum
Gross Profits circa £260,000 per annum
EBITDA of £130,000 before single Director’s costs
Net assets circa £209,000 assuming no cash no debt
Fully equipped manufacture & assembly
Complete Computer Management System
AutoCAD Design Office
26 years historical trading
Large and varied client base
All fixtures and fittings
Ample Car Parking
This business was founded in 1990 by the current vendor and has grown since to become a significant concern with a countrywide reputation for the quality of its high integrity products and a commitment to service through its honesty and reliability.
A sheet metal and steel fabricator, the business operates from a self contained factory and offers a comprehensive range of services to a wide variety of clients on a national and international scale. It currently serves a wide range of markets including marine, shipping, construction, offshore, wind turbine, renewables, petrochemical, high street and general fabrication work The business has positioned itself so that it is not over reliant on any one sector, which has enabled the business to consistently post impressive profits despite tough economic trading conditions. From first contact to completion the onus is geared towards complete customer satisfaction.
Scope of works includes profile cutting, plasma cutting, guillotine work, folding and press work on both a small and large scale.
The team are fully involved throughout each project to ensure optimum quality and keep clients fully informed at each stage of the project, whilst the fully qualified and skilled engineering staff ensures manufacture to the required standards of excellence.
The existing technology and computer systems include full CAD design capabilities and feature all that is best in the planning and fulfilment of steel fabrication.
The business has established an excellent reputation for quality, reliability, meeting delivery dates, working to budget and being a company that can always be trusted and relied upon.
The business operates from a prime location close to the major routes and has the technical and manufacturing capacity to increase turnover within current plant operations. Such is the skill set and infrastructure in terms of plant and knowledge there is no reason why this business could not branch out into additional market sectors, should a new buyer so wish.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. With the benefit of comprehensive in-house facilities the best quality design and manufacture has been maintained.
The ability of this business to grow and sustain its profitability is due in no small part to the quality of its people and the reputation it has developed.
|Facilities:||The business boasts prime leasehold premises situated on a secure industrial estate with excellent access to all major routes, sufficient parking as well as being close to docks. The premises comprise a high bay industrial units giving circa 6,000 ft2 space in total. This space is predominantly workshop areas with offices and trade counter, canteen, toilets, stores and reception area.
The building has all modern services connected including gas, electric, water and broadband.|
|Competition:||The business has used very little advertising in the past and there are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.|
|Growth Potential:||The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a large range of products and services in house.
Business operations are not at maximum capacity given the companies existing infrastructure and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with market demand.
The business has never employed an external salesperson and believes a more proactive approach to new business development could reap immediate rewards and fuel the spare capacity within the business.|
|Training/Support:||The current owner would be happy to provide full training and support at handover and stay on for a period ot time after the sale if so required subject to negotiation.|
|Sale Reason:||The vendor wishes to take early retirement.|
Seller Reference #IS028
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