Manufacturing

Machinery, Excluding Computers

Repair & Maintenance of Hydraulic Components & Systems: excellent development potential Confidentially offered for sale Ref No: IL006 Location: North West London Asking price £240,000 Asking price includes: Turnover circa £243,000 Gross profit 24% This long established business was acquired by the current owner in 1999, having been originally set up some twelve years earlier. The principal service delivered is the repair and maintenance of hydraulic cylinders, pumps and valves. Most owners of equipment with an hydraulic component, which includes all trucks and most other plant, are faced with a choice of either replacing failed parts or alternatively having them repaired. The latter option can represent savings of more than 80% of the replacement cost and is therefore a most attractive option. This forms the basis of the company’s business. A regular 24/7 service is offered to clients, always ensuring that their plant and equipment is available. The company operates from leasehold premises in North West London, close to the M25 and M1. The wish to retire creates a rare opportunity for a new, knowledgeable owner, potentially a person with a skilled machining and fitting background, to take this solid business on to the next level. There are considerable opportunities for expanding the company's revenues and profits within the existing customer base as well as through marketing efforts targeting new prospects. Equipment Two vans are used for the on-site servicing of customers’ plant and equipment. In addition a range of workshop equipment is utilised including lathes and a milling machine. Customer Service The highest levels of personal service sit at the heart of the company’s customer engagement strategy. Key Strengths In the twenty years of operation, the company has built up a first class reputation for reliability, service and attention to detail. This has directly resulted in a loyal customer base, almost all of whom, place regular repeat business. The company displays a demonstrable ‘easy to do business with’ attitude, which has further strengthened the brand. This first class relationship with customers has resulted in much new business being generated through direct, ‘word of mouth’ recommendation. In a typical year, circa 1,200 maintenance and repair jobs will be carried out. The business generates most regular income from circa 20 larger customers. These have the benefit of representing the private and public sectors. In addition, there is a military customer. The public sector customers are primarily from London Boroughs and County Councils. The private sector customers are primarily major civil engineering contractors. A large supermarket brand is an important customer.

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