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Renowned Midlands-Based Hydraulic Equipment Supplier for Sale, Ideal for Retirement Plan

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    09/07/24

  • Advert ID

    614036

  • Reference

    156240 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £1,200,000 (£23,077 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

Supplier of specialist hydraulic equipment, products and services

The company specialises in the distribution and supply of hydraulic products from industry-leading brands, offering all-encompassing, integrated solutions to blue-chip organisations and OEMs in major industrial sectors.

Operating nationally, the company is held in high regard within its sector for its enduring commitment to quality and highly knowledgeable workforce, and has been at the forefront of design and application technology for over 40 years.

Having built up a strong and successful business, the shareholders are now offering the company for sale as part of their retirement plans.

Key Highlights

- Provides an extensive selection of products from globally renowned brands, establishing a prominent position as a production workholding specialist.

- Works with organisations based across the UK, with a particular focus on the OEM manufacturing, workholding and industrial distribution sectors.

- Benefits from a loyal client base, with 90% of clients providing reliable, repeat custom and several relationships spanning over 40 years.

- Maintains an excellent reputation, ensuring that it benefits from a high volume of inbound and referral enquiries.

- Experienced, long-standing workforce in place, with candidates for Director-level roles within the current team.

- Operates from well-connected leasehold premises in the Midlands.

Financial Highlights

- The company achieved turnover of 1.26 million in YE23.

- Turnover has increased year-on-year across the last four years, as demand for the company’s services continues to rise.

- No reliance on any key clients to provide over 10% of turnover.

Read more

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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.

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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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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 'Supplier of specialist hydraulic equipment, products and services - 156240 / 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.