Freehold Wrought Ironworks Business Established 40 Years For Sale

Business description

We are pleased to have been instructed to offer to the market this extremely well established and profitable wrought ironwork business.

Founded over 40 years ago and in the ownership of the present vendors for the last 12 years, the business is only now being reluctantly offered for sale due to the senior partner’s wish to retire.

The business specialises in the manufacture of bespoke ironwork and structural steels for both commercial and retail customers with the turnover split approximately 80% / 20% in favour of commercial.

They manufacture fire escapes and staircases, universal beams and columns, plates, angles, re-bar etc and work closely with architects and local authorities to ensure all items fully comply with current building regulations.

Retail work includes:
• Single and double gates
• Balustrades
• Garden furniture
• Pagodas
• Weather vanes
• Much more

All work is carried out to exacting specifications and will, if required, be installed on site.

The business is managed by a father and son team, the father works full time and the son circa 1 day per week. They are assisted by one full time employee and a part timer in the office for approximately 3 days a week. They as and when required use sub contracted labour and have 6 fully skilled operatives which they use on a very regular basis.

Net turnover in the year to March 2009 was circa £245,000 which was all achieved with no advertising of any sort with all work coming from existing clients or via referrals and work of mouth and was within a 70 mile radius of the works in Hertfordshire.

The business is fully equipped for purpose including:
• 3 mig welders
• 2 Oxford arc welders
• Pedestal drill
• Fly press
• Bandsaw
• 2 magnetic drills
• Electronic IT hoist
• Scroll compressor
• Forklift truck
• Numerous power hand tools
• Iveco long flat bed truck ‘56’ plate

We are advised that stock at cost is approximately £5,000.
REF: 9410WD


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).


An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Freehold

Location:

The business is ideally located in the centre of a large industrial premises in Hertfordshire. The premises have approximately 6 allocated car parking spaces in front of the building with additional available around the estate if required.

The business has the M1, M25 and M40 motorways nearby which afford excellent road links into London and to its neighbouring counties.

Premises details:

Mid terraced industrial premises

Side on foot entry door with a full height sliding steel door for vehicular access.

Range of work benches and equipped around the perimeter walls, steel stairs to mezzanine with 2 offices, kitchen and w/c. Additional w/c on ground floor.

The premises have an additional benefit of being alarmed.

Business Operation

Expansion potential:

Whilst it is clear our clients have a very successful business, it still offers excellent scope to increase both sales and profits by:
1. Extending the sales area covered beyond the 70 miles present maximum
2. Employing more staff or take on more sub contractors as plenty of work is turned away on a regular basis

Trading hours:

Mon-Fri: 7.00am – 5.30pm

Years established:

40 years