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Key Facts

[Ref: DBS080287]

Business For Sale : FREEHOLD STEEL FABRICATION/SHEET METAL MANUFACTURERS
Location : Essex, United Kingdom - UK
Freehold | Asking Price: 169,500

Contact: Dedman Business Sales

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Business Description

Established back in the 1950's and under the current ownership for the last 17 years this well know and extremely profitable business is located in the heart of a south Essex town. The business carries out work such as Railings, Gates, Staircases and Sheet metal extraction units. Situated in a highly residential area the business carries out no advertising and a lot of work is repeat business from a database of around 75 + clients with approximately 35% using on a monthly basis. New business is picked up through word of mouth. Although there are no contracts in place they are a preferred supplier by the local council, Housing Association, and Cory. With a successful hand over period and perhaps 1 of the vendors continuing work on a part time basis there is no reason why these agreements should not stay in place. A signed 3500 Weight VW and a Ford Trader used for deliveries are included in the sale.

Equipment

Full complement of equipment to include. 8ft manual operating folder, 100inch direct drive power guillotine, 4ft roller, 50inch guillotine, 50inch box folder, Welder with welding equipment, Fly press, Circular power saw for metal cutting, 2 x spot welders, drills and a Circle cutter.

Property

Secure lock up shop with security shutters and alarm. Open plan work shop with 4 separate operating areas. Stairs leading up kitchenette staff room and a door leading onto the office.

Turnover

Turnover on accounts year ending 28th February 2008 was £158,140 with a gross profit of approximately 65%

Stock

Stock to be purchased separately at approximately £500

Trading Hours

7am until 5pm Monday to Friday

Staff

3 Full time vendors and a secretary who does 1 day a week.

Reason For Sale

The Vendors would like to retire

 
 

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