Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Manufacture And International Supply Of Site Storage Products And Containers
LISTING DETAILS
Firms For Sale ID:
24314
Vendor reference:
GI033
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£800,000
Turnover / revenue:
£798,000
Net profit / cashflow:
Undisclosed
Years established:
24
Trading hours:
Monday Friday: 8.00 am - 4.30 pm
Number of employees:
8
OTHER DETAILS
Reason for selling:
Having run the business since 1976, the current owners are looking to take a well earned retirement.
Support and training:
A full handover and any necessary training will be offered to ensure continuity of trading
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Manufacture and International Supply of Site Storage Products and Containers Sale & Hire
Ref.GI033
Location London
Asking Price £ 800,000
Established in 1986, this business has become one of the most recognised brands in the sector. For over twenty four years the business has built up a reputation for the design and manufacture of bespoke containers for use in industry, construction, engineering and by local authorities. All products are designed to provide safe storage of tools, hazardous materials, fuels, chemicals, gas cylinders, drums and flammable products.
The second dimension of this business is that it also manufactures anti-corrosive tin strips, which are used to provide conductivity in industrial radiators. The strips are also used in electronic components and are attached to cables that are used in the telecoms and utility sectors.
Over the years, the business has seen many British competitors disappear; to be replaced by Chinese alternative suppliers. This has lead to this business having a relatively unique opportunity to be able to deliver much faster than its Chinese competitors, confidently boast of producing a superior product and of course benefit from end users who are determined to buy British.
The business has a highly experienced team providing a range of skills including welding spraying, cutting and tinning.
Expansion Potential
There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. The current owners accept that more effort in marketing can increase sales. As the business is predominantly present in London, an opportunity exists to increase the customer base throughout the UK.
The business does already export to the likes of Germany, but there is big potential for new owners to offer the existing services further afield. The demand is there, it just needs to be rolled out.