Asking price: £1,400,000

Sales revenue: £1m < 5m

Net profit: £250k < 500k

Fixtures value: £1,012,000

Stock 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