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Successful Precision Engineering Company in Lincolnshire For Sale

Undisclosed, Lincolnshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    17/07/23

  • Advert ID

    516738

  • Reference

    B07380 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £475,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Alpha Circle Engineering Ltd.

Business
Please quote reference B07380

Established in 1987, Alpha Circle Engineering Ltd is a well established name in the industry, evolving and expanding since their inception to operate nationally. Full Machine Shop and CNC Milling, Sheetmetal workers, Stainless Steel Specialists, Food Processing Equipment Manufactures. 

Over the last three and a half decades, the business has cultivated an excellent reputation thanks to their high production standards and customer service record, along with their reliability. As a result, the company has grown to operate on a national scale with multiple large active clients, a healthy financial profile, and an increasing rate of turnover year after year. 

From the perspective of a potential buyer, this Alpha Circle would provide a multitude of opportunities and advantages. In particular, they would inherit an incredibly dedicated workforce and extensive list of long-lasting lucrative repeat clients. Additionally, the business is well poised to continue growing and evolving; either from a new location or the current premises, depending on the prospective buyer’s wishes.  

 

Highlights -

  • Precision engineering company.
  • Established in 1987.
  • Based in Yorkshire and the Humber.
  • Well established in their industry.
  • Excellent reputation with clients.
  • Strong financial profile.
  • Wide range of clients in the food industry.
  • Twenty active clients at one time.
  • Highly experienced and skilled workforce.
Opportunities -

  • Scope for growth.
  • Healthy financial profile.
  • Buoyant market conditions.


Location
Alpha Circle Engineering Ltd currently operates from premises located Kesgrave Street in Grimsby.



Premises
The premises from which the business operates are leased from the current shareholders. Should the new owners wish, they may buy the premises outright or acquire a long-term lease on the property. Should a prospective buyer wish to, there would be no considerable obstacles blocking the relocation of Alpha Circle Engineering Ltd.



Tenure
Leasehold



Hours
Due to the nature of the business, it operates all year round. 



Staff
Including the current shareholders of Alpha Centre Engineering Ltd, the company has a workforce of seven staff.



Financial Profile
Alpha Circle Engineering Ltd enjoys an excellent financial profile, with the company growing from strength to strength in recentyears. In particular, annual turnover for 2022 exceeded £500k, more than twice that of the prior two years.



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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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