Profitable Stainless Steel Manufacturing Business For Sale

Business description

HIGHLIGHTS:
• Profitable sole trader operation manufacturing bespoke stainless steel products for the food industry based in South East Cornwall
• Significant repeat business from loyal customer base
• Average turnover last three years c £71k
• Suitable for owner manager or as acquisition
• Complete range of good quality machinery and equipment
• Modern rented premises with mezzanine floor available if required
• Bargain price for quick sale

BUSINESS:
Manufacturer of bespoke stainless steel products for the food industry. Full service from consultancy and design to manufacture, delivery and installation. Sales built upon longstanding relationships with loyal customer base. Business sold with complete range of good quality machinery and equipment. Low cost modern rented premises (c 2,900sq ft) complete with mezzanine floor available if required.

LOCATION:
Premises are situated on a modern and accessible light industrial estate adjacent to A388 in South East Cornwall.

TENURE:
Leasehold – although available as business only for relocation if preferred.

YEARS ESTABLISHED:
The business has traded successfully since 1996.

EMPLOYEES:
The business is operated by the owner with the assistance of one self-employed metalworker on a part-time basis when required.

SALES REVENUE:
Turnover in the three years ended 31/10/2006 averaged c £71,000 at an average gross margin of 48.5%. Whilst final accounts are not yet available for the year ended 31/10/07 we are advised by the vendor that sales reached c £96,000.

NET PROFIT:
Abridged profit in the year ended 31/10/06 stood at £34,890

LEASE TERMS:
Three year full repairing and insuring lease from 1/6/07 to 31/5/10 at a rent of £8,370 per annum for B1, B2 or B8 use.

DESCRIPTION OF PREMISES:
Modern unit of block and steel construction comprising c 2900sq ft with mezzanine floor fitted by the existing tenant worth c £5,000.

DESCRIPTION OF PRINCIPAL ITEMS OF MACHINERY/FIXTURES:
The main pieces of equipment and fixtures with approximate current values are as follows (a more comprehensive schedule is available upon request):
Hydroform – Box pan folder - £5,000
Promecam – 25 upstroke hydraulic brake press - £6,000
Amada – Corner notcher - £2,200
Edwards – Guillotine - £8,750
Meddings – Circular saw - £600
Mezzanine Floor - £5,000
Plus range of workshop equipment

OPPORTUNITIES/COMMENTS:
This represents an excellent opportunity for a skilled engineer to acquire a profitable business supplying a loyal customer base or alternatively would allow an existing manufacturer to acquire a profitable new income stream at low cost.

REASON FOR SALE:
Retirement

SUPPORT AND TRAINING:
The vendor has built this business on personal relationships with each of his clients to whom a personal introduction of the new owner will be made in each case. Ongoing consultancy advice will be available from the vendor if required

VIEWING:
All viewings to be arranged through Adams & Co, sole agent, on 01752 493002

FINANCE:
Finance is available (subject to status) through Agora Commercial Finance, independent commercial finance brokers, on 01752 405032

FULL PARTICULARS:
Please telephone or email for full particulars

BUSINESS SECTOR/CATEGORY:
Manufacturing

GUIDE PRICE:
The vendor seeks offers in the region of £39,950 plus stock at valuation for the business goodwill, machinery, equipment, fixtures and fittings.

VALUE OF STOCK:
The vendor estimates that stocks of raw materials, nuts and bolts etc have a current value of £2,000.

Property information

Property:

Leasehold

Other information

Furniture / Fixtures value:

£27,000

Contact the seller