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Metal Component Designer & Manufacturer for Lifts and Escalators - Prime Location, High Demand

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    28/06/22

  • Advert ID

    297785

  • Reference

    152698 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: Price on Application
  • Turnover: £4,000,000 (£76,923 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

DESIGNER, MANUFACTURER AND FABRICATOR OF METAL COMPONENTS USED IN LIFTS AND ESCALATORS

Turnover of £3.12m. Designs, manufactures and installs a range of lift and escalator components for clients within the construction industry, including car interiors, gear rafts, lift cars and slings, landing door seals, tracks, brake shoe linings and division screens. Boasts a range of state-of-the-art machinery used for milling, punching, laser cutting and fabricating. Carries out “V” grooving to stainless steel and possesses a specialist machine capable of performing this service. Caters to over 50 active clients, and benefits from high retention rates, with approximately 70% of clients providing reliable, repeat business. Experienced team of employees led by Directors who are willing to provide a handover period, subject to negotiations. Operates from leasehold premises. Our clients are now offering the company for sale as part of their retirement plans. Many opportunities for expansion, including the exploration of new sectors and the implementation of additional marketing strategies. Offers invited.

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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 'DESIGNER, MANUFACTURER AND FABRICATOR OF METAL COMPONENTS USED IN LIFTS AND ESCALATORS - 152698 / 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.