BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£460,000
Turnover / revenue:
£467,000
Net profit / cashflow:
£108,000
Years established:
37
Trading hours:
Monday Friday: 7 To 4pm
Saturday: depending on work orders.
Number of employees:
8
Employees / staffing:
The company is currently family run with 2 full time directors, 4 x Steel Fabricators and welders and two part time office staff.
OTHER DETAILS
Reason for selling:
Genuine retirement sale
Support and training:
The current vendor is willing to stay and facilitate the hand over for an agreed period of time.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are 2,228 sq. ft and have mezzanine offices. There are parking spaces for 4 cars and turning space for an artic.
The Freehold can be made available by separate negotiation if required.
Rent for the leasehold TBA and rates are GBP4,000 p.a. payable
BUSINESS DESCRIPTION
Construction Industry Steel Fabricators.
Manufacturers of Structural Steelwork/Frames
Ref. IS045
Location : South Essex
Asking Price : GBP460,000
Steel fabricators to the construction industry, large commercial contracts have included Police Stations, Hospital Refurbishment, and Supermarkets Wates preferred contractor. Company has been family run since 1979 and has grown organically, with an excellent reputation for professional design input and being extremely time efficient.
Company has undertaken work for many of the counrys leading property developers and were commissioned to install the Millenium Staircase at the Tower of London.
Expansion Potential
There is an excellent opportunity to build on the existing base of this company. Growth to date has been mainly organic, based on word of mouth and recommendations. An effective and focused sales strategy would reap considerable benefits, driving forward both volume and profitability.