FOR SALE
18/11/21
286241
BB5129 / Rightbiz
Overview:
For sale is a newly established engineering business located in Armsthorpe, South Yorkshire. The business was established in 2020 and is now on the market as it has grown too quickly for the current owners who are looking to sell to do something different.
Annual Turnover: £81,559 Net profit: £3,773
Tenure: Leasehold
Business Established: 2020
Business Sale Description:
New to the market is this Engineering Business that is located in South Yorkshire. This is a business that is gaining a growing reputation within its industry as well as a loyal customer base, it's a great opportunity for any buyer looking for an existing, growing business to walk into.
The business also machine metals such as - MILD STEEL, STAINLESS STEEL and ALUMINIUM. We have two brand new CNC machines which are capable of working within the tightest tolerances on all machines.
This is a rare opportunity to own an already profitable business that has only been in operation for a short time. Poised for huge growth, and for the right buyer, the potential to take the business to the next level is very much there.
The business is ideally suited to a hands-on owner-operator and is sensibly priced for a genuine sale with lease & early viewing strongly advised.
The business would also benefit by adopting a vigorous marketing policy of its excellent products, particularly with reference to the introduction of online advertising in order to improve upon the already respectable levels of turnover and profitability. We would strongly recommend the earliest possible viewing to avoid disappointment.
The vendors are looking for a quick sale so have set the price at £20,000. This is a business that is worth a lot more than that.
A viewing of this business is highly recommended.
Key Features of This Business:
Well Equipped Premise;
Equipment to be included;
Huge Growth Potential;
Variety of Services or Products;
Has Supplier Relationships;
Room to Expand
Key Business Information:
Plastic Precision Engineering manufacture a wide variety of products, They use materials that includes:
UHMWPE
NYLON 6
NYLON 66
POLYPROPYLENE PVC
PEEK
ACETAL
DELRIN
Potential Growth Opportunities:
The business was only established in 2020 but has already seen a vast growth spurt from the start. This is a business that would be an ideal bolt on purchase, especially if the buyer party has staff that can run and operate from these premises in South Yorkshire.
Vendor Open To a Transition Period: YES
Business Sector Type: Engineering
Are Company Accounts Available: YES
Management Structure For Business: Run by owner
Business Sale Asking Price:
£20,000
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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