Niche Quality Silver And Nickel Electro Plating Business | | Undisclosed Warwickshire | | WARWICKSHIRE NICHE QUALITY SILVER AND NICKEL ELECTRO PLATING BUSINESS Est 14 yrs - One of only 3 other similar co in UK C/M A/T: £304,710 GP: £236,198 ADJ NP: £171,352 Excellent scope to expand L/H:£330,000+Shareholder funds REF: 1120CV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65928
ADVERT IMPRESSIONS : 11,286 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Metal | | SALE: | Agent Sale | LEASEHOLD: | £330000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is presently located in the Midlands, but could easily be re-located to suit a new operator
HISTORY
The business was founded by the current vendors over 14 years ago, during which time they have expanded the company into the successful business it is today and as such, enjoys an enviable reputation for quality and service
REASON FOR SALE
The business is only now being offered for sale due to the vendors ill health and his wish to pursue an alternative business venture
SERVICES
The business specialises in Silver and Nickel plating to exacting standards for the Aerospace and Auto sports industries
We are advised that there are only around 2 other businesses in the UK who are able to achieve the required quality standards
CUSTOMERS
Both national and international, with a strong slant on Aerospace who account for circa 60% of turnover
Auto sports account for circa 35% of turnover
Remaining 5% is to a mix of clients and industries
STAFF
One of the vendors works full time
The other vendor works part time for circa 25 hours per week
One part time employee who works circa 20 hours per week
TRADING HOURS
Mon to Fri: 8.30am to 5.30pm
FINANCIALS
2011 2010
Sales £304,710 £218,125
Gross £236,198 £179,916
Adj Net £171,352 £117,371
The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary customer introductions
PREMISES
Gated access to shared car parking of commercial building
Fully alarmed with single camera CCTV
Side entry from walkway into unit
Range of work benches
Rear production work tanks
Side office
Mezzanine storage
Manually operated, side, full height roller shutter door
EQUIPMENT
Shot blast unit
Commercial oven
Hydrovane compressor
X ray machine
7 rectifiers
Range of work tanks
Computer system
STRENGTHS
Well established for over 14 years
Outstanding customer reputation, with almost all orders arriving from existing clients
Very little direct UK competition
95% of orders are from either the Aerospace or Auto sports industries, who both require precise components
Excellent turnover and high profits
AS 9100 approved
SCOPE
Invest to become NADCAP approved which is a worldwide quality standard which would open up the business to even more work
Approach other Auto sports for whom they do not presently work for
Take over the adjoining unit which is presently unoccupied and expand the business into it
Accept all the work which is presently being turned away
Website
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: | 1120CV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
