* Included in Asking Price
Major Supplier of Steel Products Freehold, Independent Steel Stockholding & Trading Company
Location County Cork, Ireland
Asking Price £ 2,500,000
Asking price: €3,231,000.00
Based on Currency Exchange Rate
1 EUR = 0.773755 GBP
Asking price includes:
Turnover for the last financial year 2015 circa €2,504,935
Gross profit c.€626,592
Net Profit c €65,926
Well established and profitable business with Blue Chip contracts
In excess of 20 years successful trading
Excellent growth potential
Long established and with an excellent reputation, this business is an independent home grown stockholding and trading company. The business has grown significantly in the past few years and has developed a fantastic brand name. Levels of stock have been maintained, even in the most competitive of conditions.
Started in 1990, the business supplies specialist steel specifications and stocks an extensive range of the highest quality engineered steel products, including a full range of carbon and stainless steel pipe, fittings, valves and flanges, stainless steel sheet and a full range of mild steel plate and sections, universal beams and columns, and much more.
The business is a major supplier to the following industries: Pharmaceutical, Dairy, Brewing, Refrigeration and Petrochemical.
The reputation of the company has been built by the current owner along with the teams expertise both fully supported by in-house technology. Specialists in non standard items across the range of made-to order- products, the business provides expert advice, drawing on the knowledge, experience and technical expertise the business has of the steel industry.
|Facilities:||The business is centrally located on an industrial estate in a modern and progressive town.
The premises are freehold and included in the asking price of the sale. A brick built structure of steel portal frame construction; the premises contain a ground floor warehouse of circa 7,000 sq ft with trade counter facilities, staff kitchen and toilet. To the front of the accommodation there are roller shutter doors and a personal entrance door into an office. The forecourt has plenty of parking spaces.|
|Competition:||The business has relied solely on its well respected name and word of mouth recommendation and found no requirement for advertising, apart from the company website which provides excellent details regarding capabilities and products provided.|
|Growth Potential:||Further growth could be achieved with more capital injection, possibly extending the premises and undertaking more marketing to allow the business to reach its full potential. This growth could also be achieved within the current structure, by continuing to build on the principles laid down by the management team. The current owner suggests that recruitment of further staff would encourage future sales growth.
The business turnover continues to grow and the forecast is for another year of increased growth.|
|Training/Support:||The owner would be happy to provide support and training to help with a smooth transition of the business.|
|Sale Reason:||Following many years of successful trading, the vendor is now ready to retire and anticipates that m|
Seller Reference #ER012
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