| | | 9410WD F/H METAL FABRICATION WORKS F/H £550,000 HERTFORDSHIRE | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 10,285 TIME(S)
BUSINESS REFERENCE : 9410WD / RightBiz | | | | | | HERTFORDSHIRE F/H METAL FABRICATION WORKS, EST.40 YRS. Mfr. of Bespoke Wrought Ironwork, Architectural Works, and Structural Steels. A/T £245,000 GP £145,000 Commercial and Retail c/m split 80/20% split T/O Scope to extend sales area covered, and employ more staff. F/H £550,000 + SAV REF 9410WD | | | BUSINESS LOCATION: | Undisclosed Hertfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Metal | | SALE: | Agent Sale | FREEHOLD: | £550000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is ideally located in the centre of a large industrial premises in Hertfordshire. The premises have approximately 6 allocated car parking spaces in front of the building with additional available around the estate if required.
The business has the M1, M25 and M40 motorways nearby which afford excellent road links into London and to its neighbouring counties.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and profitable wrought ironwork business.
Founded over 40 years ago and in the ownership of the present vendors for the last 12 years, the business is only now being reluctantly offered for sale due to the senior partners wish to retire.
The business specialises in the manufacture of bespoke ironwork and structural steels for both commercial and retail customers with the turnover split approximately 80% / 20% in favour of commercial.
They manufacture fire escapes and staircases, universal beams and columns, plates, angles, re-bar etc and work closely with architects and local authorities to ensure all items fully comply with current building regulations.
Retail work includes:
Single and double gates
Balustrades
Garden furniture
Pagodas
Weather vanes
Much more
All work is carried out to exacting specifications and will, if required, be installed on site.
The business is managed by a father and son team, the father works full time and the son circa 1 day per week. They are assisted by one full time employee and a part timer in the office for approximately 3 days a week. They as and when required use sub contracted labour and have 6 fully skilled operatives which they use on a very regular basis.
Net turnover in the year to March 2009 was circa £245,000 which was all achieved with no advertising of any sort with all work coming from existing clients or via referrals and work of mouth and was within a 70 mile radius of the works in Hertfordshire.
The business is fully equipped for purpose including:
3 mig welders
2 Oxford arc welders
Pedestal drill
Fly press
Bandsaw
2 magnetic drills
Electronic IT hoist
Scroll compressor
Forklift truck
Numerous power hand tools
Iveco long flat bed truck 56 plate
We are advised that stock at cost is approximately £5,000.
REF: 9410WD
TRADING HOURS
Mon-Fri: 7.00am 5.30pm
EXPANSION POTENTIAL
Whilst it is clear our clients have a very successful business, it still offers excellent scope to increase both sales and profits by:
1. Extending the sales area covered beyond the 70 miles present maximum
2. Employing more staff or take on more sub contractors as plenty of work is turned away on a regular basis
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £245,000
Gross Profit: £145,000
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
Mid terraced industrial premises extending to approximately 1000 sq ft with an additional 250 sq ft mezzanine floor.
Side on foot entry door with a full height sliding steel door for vehicular access.
Range of work benches and equipped around the perimeter walls, steel stairs to mezzanine with 2 offices, kitchen and w/c. Additional w/c on ground floor.
The premises have an additional benefit of being alarmed.
TENURE: Freehold
We are advised that the annual business rates are currently: £1510 | | | | | | FOR SALE | | | | | SELLER: | ADVENT BUSINESS SALES | | CONTACT: | 0844 8009092 | | REFERENCE: | 9410WD / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
