Marine Hydraulic Engineering Manufacturing Company - Central southern UK, United Kingdom Add this business to my shortlist >>
Business description
The business designs and manufactures marine hydraulic winches and components for the top end of the market yachts and super-yachts. It also carries out re-furbishment and overhaul works on previously manufactured and supplied equipment.
The company has an outstanding reputation and brand name with its customer base and is known throughout the yachting world for high quality design, build and manufacturing standards.
The current shareholders wish to retire, but the founder and current Managing Director is prepared to stay on for up to five years on a consultant basis in a capacity selling and designing equipment for the company's customers.
The owners are prepared to consider an earn out sale.
Years established: 30+
Employees: 5 and 1/2
Trading hours: Normal
Relocatable: This business can be relocated.
Property
Leasehold Lease terms
The current lease is on five year renewals with annual break clauses. Location
Industrial Estate Expansion potential
Currently the business is running at near capacity due to the constraints of the owner's own time available. In the event of an acquisition by a purchaser, considerable additional demand for the company's products can be exploited. Competition / Market
None to speak of as the business manufactures bespoke to order. Support & training
MD is prepared to stay on for up to five years. Reasons for selling
Owners wish to retire.
The company has an outstanding reputation and brand name with its customer base and is known throughout the yachting world for high quality design, build and manufacturing standards.
The current shareholders wish to retire, but the founder and current Managing Director is prepared to stay on for up to five years on a consultant basis in a capacity selling and designing equipment for the company's customers.
The owners are prepared to consider an earn out sale.
Employees: 5 and 1/2
Trading hours: Normal
Relocatable: This business can be relocated.
Leasehold
The current lease is on five year renewals with annual break clauses.
Industrial Estate
Currently the business is running at near capacity due to the constraints of the owner's own time available. In the event of an acquisition by a purchaser, considerable additional demand for the company's products can be exploited.
None to speak of as the business manufactures bespoke to order.
MD is prepared to stay on for up to five years.
Owners wish to retire.
Financial Details
Asking price:
£250,000
Fixtures value:
£NaN
Inventory value:
£5,000
£250,000
£NaN
£5,000