Asking price: £195,000

Sales revenue: £105,000

Net profit: £50,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a rare and outstanding opportunity to acquire a very profitable manufacturing company with a broad and varied client base, many of whom are blue chip national companies. This business was set up some 22 years ago by the current vendors and in that time has built up a sterling reputation within the heating services market. It serves both the commercial and retail market place with high quality reliable products with a service that is second to none.

The company manufactures replacement tops for all types of radiator valves, wheelhead, lockshield and thermostatic. The tops are used by the heating trade and DIY markets to put radiator valves(irrespective of their age) back into full working order by replacing the missing tops. This is not just for aesthetic purposes. By replacing broken or missing thermostatic heads the valve can be placed in saving mode thus saving energy. Furthermore, making safe the exposed spindle on manual valves is essential under health and safety.

The design and manufacture of these tops are unique to the company and as such it has no serious competition.

Employees: There are no employees. The owners currently carry out the necessary work in only 14 hours per week which includes all administration.

Trading hours: As required-currently 14 hours a week.

Relocatable: This business can be relocated.

Location
There are no premises associated with this sale. The business is currently run from the vendor’s home address. Approximately 500 square feet is required for the assembly, packing and dispatching of the products with office space of circa 120 square feet required for administration.

The presses could be outsourced if need be.

Expansion potential
Even though the business is well established there are further opportunities to expand. The company does not employ any dedicated sales representatives at present and it has not advertised its products for over 2 years. • A new sales approach would reap rich rewards, particularly in the private sector. There are excellent opportunities to increase sales with an advertising and marketing campaign. • The thermostatic replacement head is a new offering to the current range which should significantly increase turnover with the correct marketing. • The supply and fit of this range of products could be effortlessly turned into a franchised group or a dealer network could easily be established through complimentary businesses. Sales persons could visit the multitude of clients in each area (schools, colleges, hospitals, hotels, clubs etc) carrying out surveys on the condition of the radiator valves under Health & Safety regulations and energy saving requirements. They could then supply and fit the units and return each one/two years to maintain. There are literally millions of such premises in the UK.

Competition / Market
The business has a highly informative website that allows customers to submit enquiries together with a suite of very well designed information and instruction leaflets that are sent out with the goods. The business has not needed to advertise in the last two years due to the current owners own wish to keep the business at a manageable size due to their other business commitments. The business enjoys the best form of advertising, word of mouth recommendations.

Support & training
The current owners would be happy to provide full training and support at handover.

Reasons for selling
The vendors are wishing to retire abroad