Asking price: £780,000

Sales revenue: £1,050,800

Net profit: £379,800

Fixtures value: £10,000

Stock value: £6,000

Business description
This is an opportunity to purchase a well-established Steel Fabrication business, manufacturing products for the materials handling equipment industry. The business for sale consists of a limited company (excluding cash and investments) plus Freehold property available at valuation. The company is mainly responsible for manufacturing Stillages, Roll Containers and Post Pallets for the materials handling equipment industry, supplied to anywhere in the UK. The business has been trading from the current address since approx. 1991. Facilities include two well equipped Factories for Mig welding, with flexible working areas. The business has developed long term customer relationships with 20 or so regular customers. The business has a strong Order Book, running to maximum capacity with the current staff employed. Business has been secured through word of mouth by developing an excellent reputation by providing high quality products with a prompt turn-round for orders. The business has also been able to supply bespoke steel products.

Years established: 21

Employees: 13

Trading hours: Mon to Thurs: 8am to 5pm; Fri: 6.00am to 3.00pm & Sat: 6.00am to 3.00pm

Relocatable: This business can be relocated.

Property: Freehold

Location
The business is located in an established industrial area.

Expansion potential
The owners believe that the business would be of particular interest to existing companies within the Construction Industry, or to business individuals looking for an investment opportunity. The possible benefits are as follows:- • Acquisition of a well established business having traded for over 20 years • Loyal client base with approx. 20No. regular customers • Rolling 6 month contract with 1No. major customer • Excellent reputation • Adaptable to market requirements • Highly skilled, loyal workforce • Minimal competition • Well equipped workshop • Opportunity to increase sales through product and/or market development • Opportunity to increase business through web site promotion/development • Opportunity to increase manufacturing capacity with additional personnel and/or sub contracting

Competition / Market
Whilst there is a reasonable amount of competition within the overall market place, the business has built up an excellent reputation over 20 years, recognised for quality, fair prices and delivery to suit customer requirements.

Support & training
The owners acknowledge their importance to the Company and, to ensure a smooth succession on a sale, the owners are willing to stay with the Company on a consultancy basis, on terms to be agreed.

Reasons for selling
Retirement.

Financing available
Upon application.

Related website: www.stirling-uk.com