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Well-established Power Steering & Hydraulic Equipment Supplier with £965k Turnover for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/02/21

  • Advert ID

    271892

  • Reference

    161083 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: Price on Application
  • Turnover: £1,000,000 (£19,231 Per week)
  • Net Profit: On request

Key Features

  • Company for Sale
  • Offers Invited

Business Details

A WELL RESPECTED SUPPLIER OF POWER STEERING AND HYDRAULIC EQUIPMENT

BASED IN THE MIDLANDS
Turnover in excess of £965,000, with an adjusted EBITDA of £271,000.
Supplies remanufactured parts including axles and steering columns.
Works with prestigious clients operating in sectors such as transport and agriculture.
Strong second-tier management team in place.
Directors are willing to provide a suitable handover period.
Operates from two leasehold premises.
Offered for sale to facilitate retirement plans.
Offers invited.

Read more

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'A WELL RESPECTED SUPPLIER OF POWER STEERING AND HYDRAULIC EQUIPMENT - 161083 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.