Asking price: £1m < 5m

Sales revenue: £2,400,000

Net profit: £157,000

Fixtures value: £175,000

Stock value: £220,000

Business description
Having been established for 22 years this privately owned business has the capability to fabricate general steelwork and also manufacture a number of specialist products. Ideally situated, many oportunities exist for expansion into a number of market sectors. With a well trained workforce and structured management, it is ready for a new energetic owner to grow and develop.

Years established: 22 years

Employees: 29- of which 20 shop floor

Trading hours: 8.00 to 4.30 week days

Property: Freehold

Lease terms
The freehold is owned by the shareholders as a separate entity and is offered for sale at the current market value of £800,000.00 or on a long term lease with standard commercial terms at a starting rent of £65,000.00. The building is well equipped with suitable cranes, power supplies and gas.

Location
The business is based on a small, secure, jointly owned and managed estate close to the motorway network and all major suppliers and service industries. It has a 28,000 sq ft building, secure yard and ample on-site parking

Expansion potential
The current owners accept that very little effort has been put into product and market development over the past few years and know that with a new energetic ownership and fresh approach the company could grow very quickly and develop a number of new products and customers. There is a choice of routes to take depending on the new owners objective,

Competition / Market
The overall market is huge and supplied by relatively few specialist suppliers. Customers supplied directly or indirectly are in a variety of industries;quarry equipment; major structural steel; water treatment; process; air conditioning and plant services; contracors in residential, commercial and industrial markets. With a flexible approach and segmented market risks are minimised. The company enjoys many repeat orders and is a preferred supplier to many customers.

Support & training
The curret owners accept that any new owners will need help for a reasonable period and intend to make themselves available for consultation for a period.

Reasons for selling
The owners wish to retire, hand over a thriving going concern and hope that the business will flourish and prosper as a legacy to years of dedication.