Marine Hydraulic Engineering Manufacturing Company For Sale

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.

Property information

Property:

Leasehold

Lease terms:

The current lease is on five year renewals with annual break clauses.

Location:

Industrial Estate

Other information

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.

Trading hours:

Normal

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£5,000