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Established Engineering Provider in North East England for Sale, High Turnover and EBITDA

Undisclosed

CONFIDENTIAL SALE

  • Freehold: £1,500,000
  • Turnover: £782,000 (£15,038 Per week)
  • Net Profit: Not Applicable

Business Details

Engineering Provider North East

Turnover of £781k for year end 2023.
Adjusted EBITDA in excess of £208k for year end 2023.
Project Ripley provides an expansive range of precision and general engineering services, including manufacturing and fabrication.
The business is well-established in the region having operated for over 40 years.
The company works with clients from predominantly commercial sectors, currently operating with c.18 active clients in a mix of contracted and consistent ad-hoc work.
Operating with a longstanding team of experienced staff, a number of whom started as apprentices with the business.
Kings Corporate are delighted to present Project Ripley an Engineering Provider in the North East of England. The business is well-established and offers its services across the region. The vendor now wishes to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a freehold basis.

Please contact us for further information using reference number 51155 or quote Project Ripley.
Ref: 51155
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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.

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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.

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.'.

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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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