Freehold Diecasting For Ventilation Industry Or Development Potential | | Undisclosed West Midlands | | BIRMINGHAM FREEHOLD DIECASTING FOR VENTILATION INDUSTRY/DEVELOPMENT OPPORTUNITY Central locatioon Heritage dating back to 1950s - 40-50 repeat c/m A/T: £207,713 GP: £34,724 Ideal bolt on opportunity Scope to redvelop site F/H: £749,950 +SAV REF: 1017B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62313
ADVERT IMPRESSIONS : 10,187 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Manufacturing | | SALE: | Agent Sale | FREEHOLD: | £749950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Trading from spacious freehold site in central Birmingham
• Unrestricted street parking to front of building
• Surrounded by full range of complementary businesses
• Potential to redevelop the site in to small industrial units
HISTORY
• Established as a business in 1955
• Acquired by the vendor in 1964
• Moved to freehold premises in Birmingham in 1969
• Range of products now tailored to meet the need of the ventilation industry
• Loyal and repeat customer base
• Currently run at a pace to suit lifestyle of vendor who would be happy to continue involvement in the business if required
• Very much run as a family business
• Undertaken many prestigious projects including the Channel tunnel
• ISO 9002
• BS EN/50902 - 1994
REASON FOR SALE
• Retirement
PRODUCTS
• Fabrication of metal components in zinc and aluminium alloys for the ventilation industry
• Products include:
o Fireblocks for air conditioned premises
o Accessories for warm air central heating and ventilation systems
o Grilles
o Registers
o Diffusers
• Bespoke commissions undertaken to customer requirements
SERVICES
• Advice and guidance to customer base as required
• Considerable expertise within the industry
CUSTOMERS
• 40 to 50 main customers
• Major customer is a boiler manufacturer
SUPPLIERS
• Many components fabricated in house
• Other supplies sourced from within the industry
STAFF
• Vendor assisted by his wife on a part time basis
• Family business
• 12 staff employed overall with a mix of full time and part rime
TRADING HOURS
• Monday to Friday 9am to 5pm
FINANCIALS
Turnover
2010 £207,713
2009 £253,063
• Gross profit margin 17%
OVERHEADS
Staff £99,992 pa
PREMISES
• A very large and traditional factory unit in a central Birmingham location
• Office
• Large ground floor workshops
• Spacious first floor production facility
• Customer base
• Large quantity of equipment and tooling (some specialist) including:
o No 6 Diecasting machine
o No 10 Diecasting machine
STRENGTHS
• Well known and prestigious name in the industry
• An important player within the marketplace for grill fabrication
• Heritage
• Discerning repeat customer base
• Equipment in situ
• Website
SCOPE
• Excellent opportunity to acquire and develop an established diecasting company
• Business development activity very limited at present
• Opportunity for introduction of additional products and service
• Utilisation of capacity within the factory unit
• Potential for foreign company to acquire foothold in the UK market
• Focus on margins
• Redevelopment of factory unit to smaller industrial units with potential for rental income
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: | 1017B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
