| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 3,027 TIME(S)
BUSINESS REFERENCE : 8859 / RightBiz STEEL FABRICATOR AND SPECIALIST MANUFACTURER | | | | | | This privately owned business has the capability to fabricate general steelwork and also manufacture a number of specialist products. Ideally situated, many opportunities exist for expansion into a number of market sectors. | | | BUSINESS LOCATION: | Wolverhampton West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Metal | | SELLER: | Private Sale | FREEHOLD: | £2000000/OFFERS | | | | | | | | | | | BUSINESS DETAILS: | The business has been established for 22 years and, with a well trained workforce and structured management, it is ready for a new energetic owner to grow and develop.
Location: The business is located in Wolverhampton in the West Midlands, on a small, secure, jointly owned and managed estate close to the motorway network and all major suppliers and service industries. It has a 28,000 sq ft building, secure yard and ample on-site parking.
Freehold: The freehold is owned by the shareholders as a separate entity and is offered for sale at the current market value of £800,000 or on a long term lease with standard commercial terms at a starting rent of £65,000 per annum. the building is well equipped with suitable cranes, power supplies and gas.
Competition/Market: The overall market is huge and supplied by relatively few specialist suppliers. Customers supplied directly or indirectly are in a variety of industries: quarry equipment, major structural steel, water treatment, process, air conditioning and plant services, contractors in residential, commercial and industrial markets. With a flexible approach and segmented market, risks are minimised. The company enjoys many repeat orders and is a preferred supplier to many customers.
Expansion Potential: The current owners accept that very little effort has been put into product and market development over the past few years and know that with a new energetic ownership and fresh approach, the company could grow very quickly and develop a number of new products and customers. There is a choice of routes to take depending on the new owner's objective. The existing premises are not fully utilised.
Employees: There are currently 29 employees, of whom 20 are employed on the shop floor.
Trading Hours: 8.00 a.m. to 4.30 p.m., weekdays.
Support/Trainig: The current owners accept that any new owners will need help for a reasonable period and intend to make themselves available for consultation for a period.
Reason for Sale: The owners wish to retire, hand over a thriving going concern and hope that the business will flourish and prosper as a legacy to years of dedication.
Turnover: In 2007 the turnover was approximately £2,400,000. | | | | | BUSINESS STATUS: | FOR SALE | | | | | CONTACT: | Confidential Sale | | TELEPHONE: | Confidential Sale | | REFERENCE: | 8859 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
