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70-Year Established Niche Electrical Engineering Business in Gloucestershire for Sale

Undisclosed, Gloucestershire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/05/24

  • Advert ID

    611221

  • Reference

    MF36000X / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £120,000
  • Turnover: £114,503 (£2,202 Per week)
  • Net Profit: Not Applicable

Business Details

NICHE ELECTRICAL ENGINEERS

Specialist ELECTRICAL ENGINEERING BUSINESS, predominantly operating in the AVIATION & TRANSPORT industry, based GLOUCESTERSHIRE, supplying customers throughout the UK and Europe. The manufacturing and day to day operation of the business predominantly undertaken by staff without the need for an owner to be present.

Operating from edge of town centre premises, in the region of 1,250 square feet, unique in so far as to their location and considered valuable with premises of this nature rarely becoming available. The manufacturing process is considered 'light', the premises providing reception/office facilities, production area, storage, and staff facilities.

A respected business commanding an excellent reputation, established some 70 – 80 years, under current ownership approx.45 years, retirement sale. Producing a bespoke niche product not available elsewhere, ensures a very strong order book and regular repeat orders with an ongoing order commitment from a major 'Blue Chip' aviation customer stretching more than 20 years.

Currently operated at a level to suit the owner's personal circumstances/commitments, trading a 4 day week, Sales 2023 £114,503 ex Vat, Gross Profit (before labour) £98,444 ensuring a profitable business, even on a predominantly staff run basis. The business lends itself to considerable further development through the marketing and promotion of its innovative products, either on a standalone basis, or amalgamation with similar business.

Leasehold Limited Company Sale £120,000 to include Net Assets Ref: MF36000X

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813952.

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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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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 'NICHE ELECTRICAL ENGINEERS - MF36000X / 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.