Hydraulic Engineering Business For Sale

Business description

Hydraulic engineering business specialising in power steering

Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of a full service hydraulic engineering business specialising in power steering services. It is also involved in the exchange or repair of other motor parts including axles/propshafts, turbos, air conditioning compressors, catalytic converters and gear boxes.

Key strengths:

The Company has the following key attributes:

• very well established business – almost 40 years of successful trading.
• loyal customer base of garages and dealerships topped up by private motorists.
• highly skilled, loyal, trained and experienced staff.
• well equipped workshop.
• good range of stock.
• well suited leasehold premises.

The Company provides an acquirer with:

• a profitable business which has performed consistently well throughout its many
years of operation.
• an excellent platform for growth.

Financial performance:

For the financial year ending March 2010, the business achieved a turnover in excess of £400,000, generating a gross profit of approximately £175,000 and a pre-tax net operating profit of almost £95,000.

The Asking Price of £165,000 is for a sale of 100% of the issued share capital of the Limited company based on a Balance Sheet value of £10,000.

Business Operation

Years established:

1972