Advert Details

Component Engineering Business For Sale

Details: Asking price:£500,000; Sales revenue:£2,200,000; Net profit:< £100k; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: 1. A long-established engineering business is for sale which remanufactures and sells consumable electromechanical components to UK customers in the transport and commercial sectors. It serves a true niche market and most of its business is repeat. It has been turned around from losses to modest profits on a turnover of £2.2M. There are opportunities to increase profits by extending sales into new markets. Asking Price for 100% of the shares is £0.5M

General information: Years established:40; Employees: 30; Trading hours: standard; Property:Leasehold; Lease terms:flexible; Location:Industrial Estate near motorway network; Expansion potential:Good opportunities to expand customer base by marketing its component remanufacturing service to new commercial markets; Competition / Market:Business is in a niche market so competition is limited. Its unusual skill base and long-held reputation ensure it remains one of the market leaders. Its local service and proximity to customers also ensure any potential foreign competition is kept at bay; Support & training:as required; Reasons for selling:deemed non-core by parent group; Website:www.business-engineering.co.uk; Related documents: Ssummary10.19