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West Midlands Vehicle Racking Systems Manufacturer with Worldwide Distribution for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/02/24

  • Advert ID

    606662

  • Reference

    155530 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: Price on Application
  • Turnover: £3,600,000 (£69,231 Per week)
  • Net Profit: Not Applicable

Key Features

  • Offers Invited

Business Details

Manufacturer of Racking Systems for the Transport of Vehicles – Based in the West Midlands

Overview

Project Echo invents, designs, and manufactures racking systems for the transport of vehicles into shipping containers for worldwide distribution.

All products are designed for safety and longevity, and are highly recyclable, reducing the detrimental impact of more traditional wood packing methods.

Demonstrating its commitment and attention to detail, all racking systems are approved by Bureau Veritas or China Classification Society.

Operating for over 20 years, the business has developed an impressive market share and has built strong relationships with some of the largest vehicle manufacturers across the world.

Having built up a highly reputable business, our clients are offering the company for sale to facilitate semi-retirement plans and encourage growth under the impetus of new ownership, with both shareholders willing to remain within the business for a negotiable handover period.

Offers invited.

Key Highlights

- All designs are patent protected.

- Broad client base including OEMs, shipping lines, logistics companies, and RoRo carriers.

- Operates across six–seven continents, with large current orders in Asia, Africa and Europe.

- Operates from leasehold headquarters in the West Midlands, on a rolling contract, making the business easily relocatable.

- Strong, long-standing relationship with supplier.

- An ideal acquisition for a major logistics business in the shipping, rail, port, or manufacturing sectors that can effectively exploit the exclusivity of the company’s current position and take up a significant strategic and commercial advantage.

Financial Highlights

- Generated a turnover of circa £2.7m in YE23.

- EBITDA of £718k achieved within the same year.

- Gross profit margin of 43%.

- YE24 management accounts show a turnover in excess of £3.6m.

- Has numerous upcoming projects from several contracts which is expected to generate the company with up to £11m through to 2025.

- Currently works closely with 55 active clients; 47% of clients provide reliable streams of ongoing revenue.

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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 'Manufacturer of Racking Systems for the Transport of Vehicles – Based in the West Midlands - 155530 / 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.