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Engineering Maintenance Solutions Business, Ensuring Production Boost with Experienced Management

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    10/06/24

  • Advert ID

    612612

  • Reference

    148701 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £2,162,705 (Ā£41,590 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

ENGINEERING MAINTENANCE SOLUTIONS

LOCATED IN THE MIDLANDS 
FY23 turnover of Ā£2.16m and an EBITDA of Ā£288k. FY22 turnover of Ā£2.14m and an EBITDA of Ā£339k. Provides a range of services including precision engineering and fabrication, along with specialist skills related to conveyor belt systems. Serves clients from a range of sectors including manufacturing, printing, food, fabrication and canning. Currently has over 90 orders on its order book, providing a healthy backlog covering the next four months. Strong and experienced second-tier management team in place that can utilise a wide range of machinery and are able to run the business on a day-to-day basis. Operates from leasehold premises with capacity for expansion. The shareholders are looking to sell the business to facilitate retirement plans and growth of the company. 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 Ā£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 'ENGINEERING MAINTENANCE SOLUTIONS - 148701 / 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.