Advert Ref: SCF 003/8
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Asking price: £1,400,000
Fixtures value: £NaN
Inventory value: £30,000
Business description: Established in 1966, the Company specialises in Design and Manufacture for the Communication, Transport, Banking and Defence market. The Company offers a full design and development service to meet specific customer requirements. The extensive range of the Company's portfolio is varied from telephone kiosks, housing and trolleys for the Defence industry to lift component manufacture, vending housings, and specialised projects for nuclear research.
Years established: First traded in 1966
Employees: 23
Trading hours: Normal
Property : Freehold
Lease terms: Freehold factories also for sale.
Location: Industrial Estate, mid south coast England.
Expansion potential: New machinery to enable the business to carry out extra work for existing customer demand.
Competition / Market: The business is secure in that it has longstanding blue chip customers, none of whom represent more than 25% of the Company's turnover.
Support & training: MD will stay on for up to five years as a consultant.
Reasons for selling: Ultimately MD's retirement