Fh Or Lh Profitable Name Plates Mfr | | Undisclosed West Midlands | | WEST MIDLANDS F/H PROFITABLE NAME PLATES MFR -Est 50 Yrs Ind Est Manufacturer of metal & plastic name plates Many Blue chip clients A/T : £252,737 GP: £181,758 NP: £70,687 Fully staffed & equipped - website under construction - Scope to employ sales reps | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 29897
ADVERT IMPRESSIONS : 30,095 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £950,000 | LEASEHOLD: | £375,000 | ANNUAL RENT: | £24,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is well located within a small industrial area which is only approximately 1½ miles from Birmingham city centre.
Parking is free of charge on street with pay and display car parks nearby.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established and profitable name plate business.
The business, which has been trading for over 50 years has been in the hands of the present vendors for almost 7 years and is only now being reluctantly offered for sale due t their ill health.
Our client has built an excellent reputation and enjoys a high percentage of repeat custom from their national customer database.
The business specialises in the manufacture of both metal and plastic name plates for a wide variety of end users, many of whom are well known blue chip businesses.
The business is fully equipped for purpose and includes:
2 x GPE mini printing machines
2 x small silk screen printers
Vinyl cutting lathe
Cameo semi automatic silk screen printer
Numerous fly presses
Sandt hydraulic clicking press
Many bench drills and guillotines
Wilcox surface grinder
Spark eroder
2 x compressors
3 x acid etching machines
Pedestrian forklift truck
A web site is currently being constructed and once completed will add a huge benefit to this ever growing business.
In addition to our client, the business employs 5 full time staff and 1 part timer who work approx 20 hours per week. In the last financial year to December 2007, they achieved annual sales of £339,000 with a gross profit of £173,000 and excellent reconstituted net profits of £109,000.
The vendor is willing to offer his assistance during a hand over period to ensure a smooth transition and to effect introductions to staff and customers.
We are advised that stock at cost is approximately £5,000.
REF: 9201B
TRADING HOURS:
Mon-Thurs: 7.15am – 4pm
Fri: 7.15am – 12.15
EXPANSION POTENTIAL:
Whilst already a successful business, there is still huge scope to increase sales and profits further by:
1. Ensuring the web site is completed as soon as possible
2. Approach the breweries who are huge end users and who they do not currently supply
3. Employ a sales representative or sales agents on commission to approach potential new customers
4. Advertise – the business currently only uses the free Yellow Pages ad.
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: £252,737
Gross Profit: £181,758
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES:
The property is a large single storey lock up premises with the added security of being alarmed.
Various work areas within the premises for printing, pressing, stores etc, 2 x w/cs.
Option to buy a first floor 3 bedroom apartment with lounge, kitchen, bathroom and a separate w/c. The apartment is fully double glazed and is able to be accessed separately.
TENURE: Freehold
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9201B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
