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Finance And Services:

Business For Sale. Major Supplier Of Steel Products Freehold, Independent Steel Stockholding & Trading Company

LISTING DETAILS
Firms For Sale ID:
8231
Vendor reference:
ER012
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
€1,200,000  
Turnover / revenue:
€1,779,728
Net profit / cashflow:
Undisclosed
Years established:
22
Number of employees:
4

OTHER DETAILS
Reason for selling:
Following many years of successful trading, the vendor is now ready to retire and anticipates that more investment from a new owner will take the business to the next level
Support and training:
The owner would be happy to provide support and training to help with a smooth transition of the business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Major Supplier of Steel Products Freehold, Independent Steel Stockholding & Trading Company

Ref.ER012
Location County Cork, Ireland
Asking Price GBP 1,200,000

Long established and with an excellent reputation, this business is an independent home grown stockholding and trading company. The business has grown significantly in the past few years and has developed a fantastic brand name. Levels of stock have been maintained, even in the most competitive of conditions.

Started in 1990, the business supplies specialist steel specifications and stocks an extensive range of the highest quality engineered steel products, including a full range of carbon and stainless steel pipe, fittings, valves and flanges, stainless steel sheet and a full range of mild steel plate and sections, universal beams and columns, and much more.

The business is a major supplier to the following industries: Pharmaceutical, Dairy, Brewing, Refrigeration and Petrochemical.

The reputation of the company has been built by the current owner along with the teams expertise both fully supported by in-house technology. Specialists in non standard items across the range of made-to order- products, the business provides expert advice, drawing on the knowledge, experience and technical expertise the business has of the steel industry.

Expansion Potential
Further growth could be achieved with more capital injection, possibly extending the premises and undertaking more marketing to allow the business to reach its full potential. This growth could also be achieved within the current structure, by continuing to build on the principles laid down by the management team. The current owner suggests that recruitment of further staff would encourage future sales growth.

The business turnover continues to grow and the forecast is for another year of increased growth.

Market / Competition / Non-Competition Agreements
The business has relied solely on its well respected name and word of mouth recommendation and found no requirement for advertising, apart from the company website which provides excellent details regarding capabilities and products provided.