General Sheet Metal Fabricators | | Undisclosed West Yorkshire | | General Sheet Metal Fabricators Confidentially offered for sale Ref No: IT082 Location: Wakefield, West Yorkshire Leasehold Asking price: £185,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 41037
ADVERT IMPRESSIONS : 47,683 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Metal | | SALE: | Agent Sale | LEASEHOLD: | £185000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was formed in June 2009 after being bought from the liquidator when the original company was wound up, due to bad debts that were owing to the company. The owners, who traded as the original company since 1967, have been able to create a new business obtaining a comprehensive range of machinery from the liquidator and utilizing their own premises regaining their customers, who were only too happy to give the owners their work.
Turnover has grown rapidly since the new company was formed and their extensive client base covers a wide range of industries, including communication, medical, climate control, security, lighting, office furniture, industrial and food and hygiene sectors.
The business has a reputation with their clients for reliable service and fast turnaround, two factors that have helped them grow so quickly after such a set back to their business. New owners could only benefit from the strong reputation that the company has achieved in such a short space of time.
The business specializes in all types of welding, air conditioning , duct and fume extraction, material handling systems, specialized conveyors for the plastic and food industries, guillotining, folding and rolling, machine guards, tanks, stainless steel and Aluminum canopies, hand –beaten copper bar taps – even zinc coffin linings.
This is a perfect opportunity for new owners to acquire a well known fabricating business with a comprehensive list of machinery in good working order. There is a growing amount work in progress and an extensive customer database. Apart from one period, this company has always produced a good solid turnover and profits. There is no reason that new owners with fresh ideas and enthusiasm can’t double the turnover and profits within a short period of time.
Equipment:
There is a large and comprehensive list of equipment which is included in the sale of the business, which is available to view for all genuinely interested parties. Machinery and equipment were recently valued at circa £125,000.
Customer Service:
This company offers a high level of customer service. It develops and presents all its designs and build services with the utmost attention to detail offering a high quality service, guaranteeing quality standards that comply with all of the British and European standards and directives. The work force is fully trained and compliant with health and safety requirements both in house and on site installation.
Key Strengths:
Since inception this business has grown in strength and is proud of its excellent company ethos of precision workmanship earning a reputation as a quality based enterprise. This is a versatile company which can handle most sizes of jobs from the very small to a large factory bespoke design. They have a complete turnkey operation from design right through the manufacturing process to the installation and completion of the project. All finishing is completed in-house which ensures a complete quality control mechanism for the client.
They have shown over the years a history of profitable growth and the owners believe that their extensive investment in technology and equipment put the company on a firm footing to take advantage of the market place which continues to grow.
Growth and Expansion:
The company is perfectly poised for new owners to take over the business and grow the turnover and profits back to its original position. All of the machinery is in good working order, the premises have room for expansion and there is a skilled and trained workforce in place. Many of the original customers have been happy to trade once again with the new company and there is on average 2 – 3 months work in progress.
Employees:
As well as the two owners who look after the running of the company there are three other time served qualified sheet metal workers and a part time administration assistant. At busy periods the company uses self employed sheet metal workers and fabricators.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover is forecast circa £340,000 with Net Profits of forecast circa £130,000.
Reason for Sale:
The owners have worked happily for the past thirty years to build up the business. They have now both reached retirement age an would like to see the business thrive under new ownership.
Support and Training:
The owners would be happy to help with a smooth transfer of the company in any way possible.
| | | | | | FOR SALE | | | | | REFERENCE: | IT082 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
