Summary
- Asking price:
-
£1m < 5m
- Sales revenue:
- £1m < 5m
- Net profit:
- £250k < 500k
- Years established:
- 18 years
- Employees:
- 23 employees
- Relocatable:
- This business can be relocated.
Business description
This is a very profitable, independant company working from leasehold premises in the Midlands and providing national coverage with a complete design and supply service to an extensive client base of 60% into the conversion market and 40% into insulation contractors, and currently having major success in the on-site insulation of commercial ovens for the bakery industry. The business is showing a strong order book, with year on year growth.
Property information
- Property:
- Leasehold
- Lease terms:
- The business operates from leasehold premises of circa 12,000sq ft of offices and warehousing, plus metal cladding facility.
Rent is currently circa £15,000 with a five year contract with 12 month break. It is understood that a new lease would be offered to any new owners.
- Location:
- The office and warehouse facilities are currently located in the Midlands, which gives easy access to the UK motorway network for servicing the national market. The business could be easily relocated if required.
Other information
- Expansion potential:
- The current owners have identified various areas for expansion. Aside from the current success they are enjoying in providing on-site insulation for commerical ovens, they are also planning to diversify into fire protection (thermal cavity barriers)and valve jackets for the process industry. Introduction of a focused marketing campaign has also been identified as growth potential, since no marketing campaign is currently in existence for the business.
- Competition / Market:
- The business is showing continued growth in existing and newly identified markets, and has a wide ranging client base in various sectors including thermal insulation, fire protection, the timber industry and food (commercial oven manufacturers) industry.
- Support & training:
- The current owners would be willing to stay with the business under its new owners to ensure an effective handover period and continuity of the business, or to continue to manage the business on a consultancy basis on agreed terms.
- Reasons for selling:
- The owners are looking to take a step back from the business, which they believe they have built up to a stage where it will be of interest to prospective purchasers.
- Trading hours:
- Monday to Friday as required
- Financing available:
- Finance is available for this business
- Related documents:
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Contact the seller
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