West Midlands Specialist Metal Fabrication Business Up for Sale
Undisclosed, West Midlands
- Status
FOR SALE
- Advert ID
628054
- Reference
Project Hector / Rightbiz
- Call Agent:
- Leasehold: Price on Application
- Turnover: £811,000 (£15,596 per week)
- Profit: On request
Key Features
- Long-term lease options
- Streamlined operational processes
- Viewing encouraged for interested buyers
- Well-equipped manufacturing facilities
Business Details
Specialist Metal Fabrication Business For Sale
Offered for sale is a Midlands based specialist metal fabrication business with a great heritage, a strong reputation and an exciting future. The company is engaged in stainless steel fabrication and related activities for the engineering, marine, utilities, energy and leisure sectors.
The company has been established for 49 years during which it has gained a strong reputation with customers and has evolved to develop new services and operate in a wide range of industrial sectors.
Over the last three years the business has secured a number of new blue-chip customers and become involved in new sectors with strong growth prospects. The level of orders and the diversity of the customer base is now greater than it has ever been, and this has enabled the business to increase its hourly charge out rate several times in the last two years.
The business has a very strong commitment to quality, attention to detail and as the directors would put it ‘doing things right’. This extends beyond the quality of the work and delivering customer projects on time, it also involves recruiting and developing apprentices, training and multi-skilling their employees and buying the best equipment for each job.
This legacy and the high esteem in which the business is held be its customers will be of significant benefit to the new owner of the Company.
The results for the most recent financial year show that the business generated sales in excess of £800k and pre-tax in excess of £170k.
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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.
Be safe, use a Rightbiz Solicitor
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