Steel Fabrication and Design Engineers For Sale Weston-super-Mare, Somerset, United Kingdom Advert ref: EN162A Business description
This business, which was established in 1991, is renowned for its workmanship which brings a flow of business from a customer base of approximately 30 main customers. It provides a complete service from design to installation of fire escapes, mezzanine floors, balustrades, and corporate signage.
It deals with national companies such as Pearce Construction and Ringway, who have a business unit on a local industrial site, and has done for several years. It will, however, accept commissions from individual members of the public many of whom are referred by other businesses, unable to meet their exact requirements from normal stock lines.
Years established: Est 1991
Employees: Two working Owners
Trading hours: Monday to Friday 8 am to 5 pm.
Property: Leasehold
Lease terms
We are informed that a new 5 year lease is being negotiated by the present owners with a break clause applicable to them after 2½ years. It is understood that a new lease could be negotiated by the buyer with the landlord. The current rent is £13,700 p.a.
Location
The business is situated on an industrial park on the outskirts of Weston-super-Mare, within easy reach of the M5 motorway. There are several industrial estates on this side of the vibrant seaside town which has good road links to Bristol and the whole of the West Country
Expansion potential
The business has, in the past, employed up to 12 staff and taken on work accordingly. With the space in the premises and the available machinery this could be reversed should the new owner have the drive and enthusiasm to do so, or the present status quo maintained.
Support & training
One owner is prepared to stay for a handover period and assist the new owner to expand the business.
Reasons for selling
There is a genuine reason for the sale of this business, both owners are now approaching retirement age and one also has an on-going health problem. As they have approached retirement they have scaled down the work accordingly, preferring to avoid the hassle of modern employment rules and procedures
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| | Financial details Asking price: £83,000
Sales revenue: £83,108
Net profit: £60,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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