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Manufacturing

Other Manufacturing

Advent Business Sales have been instructed to offer for sale this well established business with enormous growth potential. Established over 25 years ago, it has been in the careful hands of the current vendors, who have acquired and evolved the business to its current position since 1994. It has now reluctantly been offered for sale due to other pressing business commitments. Our client specialises in heavy steel and metal fabrication and engineering. Clients include major steel and coal plants throughout the country. A high percentage of work is on repeat basis with these clients. Our client has an excellent relationship with its customers, enabling substantial growth year on year. In addition, site support is offered to clients to ensure a smooth transition for the new owners. The business operates from a purpose built industrial unit with an approximate 12 metre single storey height. The business is extremely well equipped and has a good range of machinery to operate a successful business including: 2 x bandsaws 1 x radial arm drill 1 x pillar drill 1 x 10 x rolls 1 x 10 x guillotine 1 x geka metalworker 80 tonnes 1 x geka metal worker 50 tonnes 1 x sheet metal folder 10 x mig welding sets 1 x plasma cutter 1 x compressor 2 x fly press The majority of the equipment is leased, which is incorporated with the rent. The vendor has advised that turnover for this financial year is set to exceed 1.25m with a gross profit of 38% which is a considerable increase on previous year. The business is well staffed with 12 full time craftsmen and 1 office manager, 1 workshop manager and the managing director. REF: 8936S TRADING HOURS Mon-Sat: 7am 6pm EXPANSION POTENTIAL This would be an ideal acquisition for a similar type of business to bolt on to existing operations. The level of work will ensure generous growth and continuity. In addition, an introduction of double shifts would be an advantage. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 1023383 Gross Profit: 18.3% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A 12,000 sq ft single storey industrial unit, consisting of the following: Ground Floor 2 x offices 12,000 sq ft fully equipped workshop shared ancillary facilities TENURE: Leasehold Original lease: 10 years Remaining lease: 8 years Review every: 3 years Rent: 44,000 P.A. We are advised that the annual business rates are currently: 9,069 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

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