Total of 17099 firms and businesses for sale today Tuesday 7th February 2012
Sold. Niche Market Light Engineering Company
LISTING DETAILS
Firms For Sale ID:
8254
Vendor reference:
IT054
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£645,000
Turnover / revenue:
£1,650,000
Net profit / cashflow:
Undisclosed
Years established:
15
Number of employees:
28
OTHER DETAILS
Reason for selling:
The directors have decided to pursue their interest in property development in the South West.
Support and training:
There will be a full and seamless handover of the business and it is highly likely that key operational managers will stay with the business giving a superb level of continuity.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The annual cost of the lease is £36,000. There is adequate parking available.
BUSINESS DESCRIPTION
Niche Market Light Engineering Company
Ref.IT054
Location Somerset
Asking Price £ 645,000 +Stock Adjustment
This business has been operating for fifteen years and has consistently increased its turnover and improved its performance as the years have gone by. It primarily manufactures newspaper, magazine and card racks for the retail sector. In addition it carries out sub contract sheet metal work and powder coat finishing for a broad range of clients.
Additional products in their range include work for the egg incubation industry, tube work for battery powered cars, frame work for cigarette machines and all types and shapes of shop fittings from vegetable racks to shelves and stands. The varied portfolio has allowed it to flourish where others have failed. It actively portrays the image of being a versatile and flexible company that is constantly reviewing its client relationships to maximize existing accounts and nurture prospective customers.
With this ethic in mind the business operates an open door policy, encouraging client visits and making sure that the whole team deal on the customers level. The business is equally at home resolving customer’s problems by designing and making bespoke items as it is fulfilling a specific supplied design brief.