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Finance And Services:

Sold. Manufacturer Onsite Storage Products And Hot Dip Tinning

LISTING DETAILS
Firms For Sale ID:
34844
Vendor reference:
GI033
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£920,000  
Turnover / revenue:
£1,700,000
Net profit / cashflow:
Undisclosed
Years established:
31
Trading hours:
Monday Friday: 8.00 am 4.30 pm
Number of employees:
8
Employees / staffing:
The business currently employs eight full time staff. There are currently two managers, one financial controller and five staff producing products in the workshop.

OTHER DETAILS
Reason for selling:
Genuine retirement sale.The business is run by management with no owner involvement
Support and training:
A full handover and any necessary training will be offered to ensure continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The property consists of office space, workshops and sizeable yard for parking and storage. It is currently owned by the existing directors. They are flexible and will offer a term lease depending on the requirements of interested parties.
 
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BUSINESS DESCRIPTION
Manufacturer Onsite Storage Products and Hot Dip Tinning
Ref. GI033
Location : London
Asking Price : GBP 920,000
Established in 1986, this business has become one of the most recognised brands in the sector. For over thirty two years the business has built up a reputation for the design and manufacture of bespoke containers for use in industry, construction, engineering and by local authorities. All products are designed to provide safe storage of tools, hazardous materials, fuels, chemicals, gas cylinders, drums and flammable products.
The second dimension of this business is that it also manufactures anticorrosive tin strips, which are used to provide conductivity in industrial radiators. The strips are also used in electronic components and are attached to cables that are used in the telecoms and utility sectors.
Over the years, the business has seen many British competitors disappear. to be replaced by Chinese alternative suppliers. This has lead to this business having a relatively unique opportunity to be able to deliver much faster than its Chinese competitors, confidently boast of producing a superior product and of course benefit from end users who are determined to buy British.
The business has a highly experienced team providing a range of skills including welding spraying, cutting and tinning.
The business has developed a reputation for integrity and continued commitment to a prompt, reliable and efficient service. This is a unique opportunity to purchase such a popular, branded and well established business offering an ideal lifestyle change opportunity. There is excellent potential for further growth within the current structure.

Expansion Potential
There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. The current owners accept that more effort in marketing can increase sales. As the business is predominantly present in London, an opportunity exists to increase the customer base throughout the UK.

The business does already export to the likes of Germany, but there is big potential for new owners to offer the existing services further afield. The demand is there, it just needs to be rolled out.

Market / Competition / Non-Competition Agreements
The business occasionally advertises in specialist trade press. Ad word campaigns via Google are also effective. The business has a database of 500 clients.