Established Steel Fabrication Business in Burton Latimer Northamptonshire for Sale
Burton Latimer, Northamptonshire
- Status
FOR SALE
- Date Submitted:
07/03/24
- Advert ID
607901
- Reference
GO2616 / Rightbiz
- Call Agent:
- Leasehold: £125,000
- Turnover: £449,000 (£8,635 Per week)
- Net Profit: £46,000 (11% Profit margin)
Key Features
- Small Business
- Established Business
- Unique Business
- Attractive Business
- Accounts Available
- Prime Location
- High Turnover
- Fully Fitted
Business Details
Established Steel Fabrication Business
MilFab - A Premier Structural Steel and Mobile Welding Service Provider
Name: MilFab Ltd
Established: 2021
Location: Higham Road Trading Estate, Higham Road, Burton Latimer, Northamptonshire, NN15 5PU
Website: www.mil-fab.com
THE OPPORTUNITY
MilFab Ltd provides a comprehensive range of services that cater to both corporate and individual clients' needs. The company excels in mobile welding, design, structural services, and repairs, ensuring that each project is handled with the utmost professionalism from initial design to final build.
Expertise: MilFab Ltd brings unparalleled knowledge and experience to every project.
Innovation: The company stays ahead of the curve by incorporating the latest technological advancements into its services.
Quality Assurance: With top-tier certifications, MilFab guarantees the highest quality in all its offerings.
Customer Focus: Tailored services designed to meet the specific needs of each customer, ensuring satisfaction and long-term relationships.
CERTIFICATIONS
The company is UKCA CE Accredited to Execution Class 3, reflecting its adherence to stringent quality standards and its commitment to delivering superior workmanship.
MARKETING
The business has limited need to market their services as they have built up a reputation in the industry for excellent product delivery, which provides reliable repeat business. The business does have a website and an online presence on Google, Yell.com, Construction.co.uk and other directories.
MANAGEMENT AND EMPLOYEES
The business is managed by a full-time by the vendor and 2 number of fully trained employees.
GROWTH OPPORTUNITIES
1. Paid Advertising: Paid advertising includes various online advertising channels such as Google Ads, social media ads, and display advertising. These ads can be targeted to specific audiences based on demographics, interests, and online behaviour. Although this is currently utilized, more investment could be made to increase the turnover.
2. Social Media Presence: There is scope to boost the social media following to promote locations that the business will be offering services from and increase brand awareness.
3. Website Quote Implementation: There is opportunity to introduce a tactile quotation system to the website and target more business through an ecommerce ordering platform.
PREMISES
The business operates from a leasehold premises which has 1 year remaining on the current lease which is £15,000 per annum.
The premises is an single store unit on a busy industrial estate with 2200 amount of sqft with ample storage and parking to allow the business to grow.
The business holds all the equipment for an incoming operator to continue trading without any further investment required, with the current equipment value being circa £20k.
FURTHER INFORMTAION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is confidential.
For more information please contact us.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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