| (REF: IT082 ) General Sheet Metal Fabricators |
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| Seller Reference: |
IT082 |
| B4S Reference: |
14994 |
| Asking Price: |
£185,000
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| Net Profit: |
£130,000 |
| Sales Revenue: |
£340,000 |
| Number of Staff: |
6 |
| Established For: |
47 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
West Yorkshire, West Yorkshire, United Kingdom |
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This business was formed in June 2009 after being bought from the liquidator when the original company was wound up, due to bad debts that were owing to the company. The owners, who traded as the original company since 1967, have been able to create a new business obtaining a comprehensive range of machinery from the liquidator and utilizing their own premises regaining their customers, who were only too happy to give the owners their work.
Turnover has grown rapidly since the new company was formed and their extensive client base covers a wide range of industries, including communication, medical, climate control, security, lighting, office furniture, industrial and food and hygiene sectors.
The business has a reputation with their clients for reliable service and fast turnaround, two factors that have helped them grow so quickly after such a set back to their business. New owners could only benefit from the strong reputation that the company has achieved in such a short space of time.
The business specializes in all types of welding, air conditioning , duct and fume extraction, material handling systems, specialized conveyors for the plastic and food industries, guillotining, folding and rolling, machine guards, tanks, stainless steel and Aluminum canopies, hand –beaten copper bar taps – even zinc coffin linings.
This is a perfect opportunity for new owners to acquire a well known fabricating business with a comprehensive list of machinery in good working order. There is a growing amount work in progress and an extensive customer database. Apart from one period, this company has always produced a good solid turnover and profits. There is no reason that new owners with fresh ideas and enthusiasm can’t double the turnover and profits within a short period of time.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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The company is perfectly poised for new owners to take over the business and grow the turnover and profits back to its original position. All of the machinery is in good working order, the premises have room for expansion and there is a skilled and trained workforce in place. Many of the original customers have been happy to trade once again with the new company and there is on average 2 – 3 months work in progress. |
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The owners would be happy to help with a smooth transfer of the company in any way possible. |
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The owners have worked happily for the past thirty years to build up the business. They have now both reached retirement age an would like to see the business thrive under new ownership. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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As well as the two owners who look after the running of the company there are three other time served qualified sheet metal workers and a part time administration assistant. At busy periods the company uses self employed sheet metal workers and fabricators. |
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