Shot Blasting Services To The Steel Industry | | Undisclosed Lincolnshire | | NORTH LINCOLNSHIRE - RELOCATABLE SHOT BLASTING SERVICES TO THE STEEL INDUSTRY work undertaken for one large blue chip client low pressure jetting & painting also undertaken Loyal workforce with Est c/m base with A/T: £260,000 GP: £130,000 Considerable scope to develop BUSINESS ONLY: £180,000 +Shareholders funds circa £70k REF: 1144WF | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66973
ADVERT IMPRESSIONS : 15,252 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Manufacturing | | SALE: | Agent Sale | ASKING PRICE: | £180,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Business run from vendors home with small on site storage facility
Work exclusively undertaken in major steel producing region in North Lincolnshire/Humberside
Excellent transport infrastructure
HISTORY
Established by vendors in 1986 as independent shot blasting company
Incorporated 1997
Excellent reputation forged with main industry player
On going investment programme and staff training to ensure industry standards are always met and capital equipment remains current
Now a preferred contractor
REASON FOR SALE
Retirement
SERVICES
Shot blasting work to customer specifications
Low pressure jetting undertaken
Painting to specification
CUSTOMERS
All work undertaken for one large industry player on a 3 monthly rolling contract
25 years history with this customer
A respected and preferred supplier
SUPPLIERS
Consumables and capital equipment procured from a range of established trade sources
STAFF
Vendor
full time assistance from spouse
8 full time staff members employed
TRADING HOURS
Typically 5 or 7 days per week as contracts dictate
FINANCIALS
Turnover
2011 £260,000
2010 £207,000
2009 £261,000
2008 £232,000
Gross profit margin is currently 50%
Reconstructed net profit is circa £91,000 for 2011 trading year
Blue chip trade debtor
PREMISES AND EQUIPMENT
Run from home
Storage facility on site provided by client
20 ft x 8 ft site cabin
Blasting machine
2 jetting machines
STRENGTHS
Excellent reputation with blue customer, a main player within the steel industry
Established many years
Loyal and experienced staffing complement
All requisite equipment included within consideration price
Solid financial performance with excellent EBITDA
No credit issues
Extremely low overheads as run from home
Easily re-locatable throughout Yorkshire and Humberside
SCOPE
Business development to include focus on additional clients
Introduction of additional industry related services to existing and new clients
Negotiation of labour rates upwards
Superb niche bolt on business for existing player in the market seeking blue chip client
TENURE
Run from home
Fully 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). | | | | | | FOR SALE | | | | | REFERENCE: | 1144WF / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
