Rollform Tooling Engineering Company in Bromsgrove Available - Retirement Sale
Bromsgrove, Worcestershire
- Status
FOR SALE
- Advert ID
627592
- Rent: £27,500 (Stock at valuation) (£2,292 per month)
- Turnover: £500,000 (£9,615 per week)
- Profit: £50,000 (10% Profit margin)
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Prime Location
Business Details
General & Precision Engineering Company Specialising in Rollform Tooling Located In Bromsgrove
Well established business formed in 1979. The Company manufactures tooling and machinery for cold roll forming and general precision engineering with excellent access to the motorway network.
The Company has a good reputation and also has a long-standing and loyal customer base.
The Company occupies a fully equipped (2800sqft) leasehold premises. The premises are held on a lease that expires July 2033 and could either be renewed, or offers an opportunity to re-locate the Company.
Average Turnover in recent years is £450k pa generating adjusted net profit of adjusted EBITDA of £50k (adjusted for replacement of 2 outgoing directors). NBV circa £368k including surplus cash of £160k.
The three shareholder/directors are looking to retire. A reasonable handover period can be negotiated.
Strong Fixed Asset Base. Retirement Sale.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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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