Business for sale

Business description

Advent Business Sales have been instructed
to offer for sale this well established
business with enormous growth potential.
Established over 25 years ago, it has been in
the careful hands of the current vendors,
who have acquired and evolved the business
to its current position since 1994.
It has now reluctantly been offered for sale
due to other pressing business commitments.
Our client specialises in heavy steel and
metal fabrication and engineering. Clients
include major steel and coal plants
throughout the country.
A high percentage of work is on repeat basis
with these clients.
Our client has an excellent relationship with
its customers, enabling substantial growth
year on year.
In addition, site support is offered to clients
to ensure a smooth transition for the new
owners.
The business operates from a purpose built
industrial unit with an approximate 12
metre single storey height.
The business is extremely well equipped and
has a good range of machinery to operate a
successful business including:
• 2 x bandsaws
• 1 x radial arm drill
• 1 x pillar drill
• 1 x 10’ x ½” rolls
• 1 x 10’ x ½” guillotine
• 1 x geka metalworker 80 tonnes
• 1 x geka metal worker 50 tonnes
• 1 x sheet metal folder
• 10 x mig welding sets
• 1 x plasma cutter
• 1 x compressor
• 2 x fly press
• The majority of the equipment is
leased, which is incorporated with
the rent.
The vendor has advised that turnover for
this financial year is set to exceed £1.25m
with a gross profit of 38% which is a
considerable increase on previous year.
The business is well staffed with 12 full time
craftsmen and 1 office manager, 1 workshop
manager and the managing director.
REF: 8936S
TRADING HOURS
Mon-Sat: 7am – 6pm
EXPANSION POTENTIAL
This would be an ideal acquisition for a
similar type of business to bolt on to existing
operations.
The level of work will ensure generous
growth and continuity.
In addition, an introduction of double shifts
would be an advantage.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £1023383
Gross Profit: 18.3%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A 12,000 sq ft single storey industrial unit,
consisting of the following:
Ground Floor

2 x offices

12,000 sq ft fully equipped
workshop

shared ancillary facilities
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 8 years
Review every: 3 years
Rent: £44,000 P.A.
We are advised that the annual business
rates are currently: £9,069
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.