Well Respected Engineering Company With Aerospace Industry Expertise | | Undisclosed Essex | | ESSEX - RELOCATABLE WELL RESPECTED ENGINEERING COMPANY WITH AEROSPACE INDUSTRY EXPERTISE Currently run at a pace to suit the vendor Blue chip clients A/T:£70,170 G/P: 49% Potential to exploit c/m base L/H: £32,500 REF: 9810CM | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54501
ADVERT IMPRESSIONS : 11,936 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Engineering | | SALE: | Agent Sale | LEASEHOLD: | £32500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from industrial unit in rural Essex
Ample parking for staff and visitors
Easy access to M11 and London
HISTORY
Established by vendor in 1978
Excellent general engineering reputation with aerospace industry expertise developed in latter years
Work undertaken for a variety of clients including blue chips
Staffing up to 3 in the past, now run at a pace to suit the vendors lifestyle
Agency for Adams Lubetech Ltd covering Essex and Hertfordshire obtained
REASON FOR SALE
Retirement
PRODUCTS
Range of consumables stocked for use within lubricant pumping systems
Agency for Adams Lubetech Ltd servicing existing customer base
SERVICES
Design and manufacture of:
o Test rigs and oil conditioning rigs
o Special purpose machinery and bespoke designs
o Electrical control panels
o Lubrication equipment and systems
Consultancy
CUSTOMERS
Extensive customer list extending to several hundred ideal for renewed marketing campaign
Work undertaken for blue chip companies
High repeat rate
SUPPLIERS
Consumables sourced from a wide range of trade suppliers
STAFF
Vendor
TRADING HOURS
Office hours during the week
Occasional weekend work if contracts dictate
FINANCIALS
Turnover
2010 £70,170
2009 £56,562
2008 £173,417
Gross profit margin has averaged a healthy 49% over the last 3 years
Consistent level of net profit
Stock valued at £10,000 at cost included within consideration price
OVERHEADS
Gas/Electric £1,577
PREMISES AND EQUIPMENT
A traditional workshop unit, with storage area, parking and first floor office accommodation
Manual lathe
Gas powered fork lift truck
Quantity of electrical meters
Quantity of hand tools
STRENGTHS
Recognised name within the industry
Excellent contacts with existing customer base
Low overheads
Solid reliable financial performance
Located close to London
Expertise within the aerospace industry (vendor happy to assist
with handover period or consultancy)
SCOPE
Considerable opportunity of business development activity exploiting extensive customer records
Website development
Advertising and marketing
Development of business into allied fields
Current premises under utilised
Re-locatable
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9810CM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
