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Key Facts

[Ref: ER012]

Business For Sale : Freehold, Independent Steel Stockholding & Trading Company
Location : County Cork, Ireland, Ireland
Leasehold | Asking Price: £1,200,000

Contact: Turner Butler

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Asking price includes

Turnover 2010 circa €1.750,000 per annum
Turnover 2009 circa €1.376,000 per annum
Gross Profit 2009 circa €384,000

Excellent reputation for dependability and service
Well established and profitable
Blue Chip contracts
Excellent growth potential
Goodwill

Business profile

Established in 1992, this business has 16 years experience in delivering specialist steel specifications and stocks an extensive range of the highest quality engineering steel products including a full range of carbon and stainless steel pipe, fittings, valves and flanges, stainless steel sheet and plateplus the full range of mild steel including angles, flats, rounds, RHS, IPE section & plate, u-column and u-beam plus galvanised pipe fittings, grating & flat sheet.

The business is a major supplier to the following industries: Pharmaceutical, Dairy, Brewing, Refridgeration and Petrochemical. The business has grown significantly in the past few years and has developed a fantastic name brand with the levels of stocks being maintained, even in the most competitive of conditions.

The reputation of the company has been built by the current owner, and the teams expertise supported by in-house technology. Specialists on Non Standard Items across the range of Products made to order, the business aims to provide an excellent service to customers through a high-quality, extensive range of products and expert advice, drawing on the experience and technical expertise of the company and on its vast knowledge and expertise of the steel industry. Customers can benefit from experienced sales personnel staff who are always on hand to help, whatever the need.

Customer Service

One of the major features in the company’s growth and success, apart from the quality of the product, is the importance of good customer relationships, which enables it to maintain a first class service.

Key Strengths

A commitment to the highest levels of service underpins the everyday activities of this business, known for its ability and dependability to complete large and small products, customer relations are founded on a history of trading satisfaction.

The business is well established and profitable, with a strong and growing client base. The business retains a high level of repeat business, particularly among a number of high profile Blue Chip clients returning on a regular basis.

Key Opportunities

This is an outstanding opportunity to build on the existing business reputation and customer base of this company, backed by a leading brand name. With a strong demand for this business’s products a new owner who is capable of instilling fresh ideas will have every advantage of building on an excellent platform.

The owner has suggested that turnover could be doubled with extra capital investment and the addition of just one extra person. This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for their service, the company could easily use their reputation to secure new contracts.

Growth and Expansion

There is considerable scope for growth with clearly identified means to achieve this with more capital injection, extending the premises and undertaking more marketing. The founding directors believe this is best achieved with the impetus and resources available under new ownership, and is now looking for a new owner with the capability to allow the business to excel and reach its full potential.

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

There is potential for growth 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.

Premises

The business is situated in a central location on an industrial estate in a modern and progessive town.

The warehouse is circa 7,000 sq ft with trade counter facilities. The premises comprise a brick built structure of steel portal frame construction, currently arranged as ground floor warehouse of circa 7,000 sq ft with trade counter facilities, staff kitchen and toilet.

To the front of the accommodation there is a roller shutter door and a personal entrance door into an office and a forecourt with ample parking.

The premises are freehold and included in the price of the sale.

Employees

There is a high level of continuity of quality local staff, which ensures maximum customer confidence, and a high level of customer service. Second to none the employees have developed long established relationships with key accounts over many years. The strength of this company lies with a loyal workforce, which comprises of the owner plus 4 full time staff

1 general manager
1 store person
1 administration / P.A
1 truck driver

Financial profile

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover 2010 circa €1.750,000 per annum
Turnover 2009 circa €1.376,000 per annum
Gross Profit 2009 circa €384,000

Support and Training

The owner would be happy to provide support and training to help with a smooth transition of the business.

Reason for Sale

The vendor now celebrates an established and loyal customer base, with tremendous opportunities for substantial further expansion. He now considers that the time is right for more investment to bring this business up to its next operating level.

 
 

[PRFLID:27529] [CMPID:7] [FRMTeID:] [MiUITID:1] [MiID:82458] [PdUITID:1]

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