Highly Reputable and Versatile Steelwork Fabrication Business in Lancashire

Warton, Preston
REF: S07796

Asking Price:
£180,000
Annual Turnover:
£639,359
Annual Net Profit:
£68,933
Under Offer
REF: S07796

Overview

Tenure:
Leasehold
Established:
2002
  • Fantastic reputation amongst a loyal customer base
  • Significant growth potential
  • Spacious, well-equipped premises with equipment included in asking price
  • Friendly, professional team of staff
  • Strong relationships with suppliers

Situated in the village of Warton, near Preston in Lancashire, is a highly reputable and versatile steel fabrication company.

Established in 2001, the business specialises in the building and repair of steel structures, using its spacious premises and state-of-the-art machinery to keep up with evolving industry standards. With almost two decades of trade under its belt, the enterprise has developed a stellar reputation and a robust client base.

Its primary service is a comprehensive structural steelwork offering which includes the full design and build of steel structures. This is available to a diverse range of building types and sizes, from small industrial units up to 500-tonne office complexes.

The company also provides secondary steelwork services, such as solutions for handrails, ornamental balconies, and perimeter fencing. Additionally, the business offers an extensive range of gates and railings in a variety of finishes for both aesthetic and security purposes, making it a popular choice for domestic and commercial clients alike.

The business is operated from a modern, purpose-built property which is 5500 sq/ft in size, offering the buyer incredibly spacious premises from which to run their new enterprise. This includes a generously sized concrete yard, alongside storage space with both racking and storage cabins. The premises are rented and currently operated on a 3-year rolling lease which is due for renewal on 1st January 2022.

A vast array of equipment is included in the asking price, the highlights of which include a 5-tonne overhead crane, a fully kitted Mercedes sprinter van and 7.5 tonne wagon, an ironworker, welders, a forklift, a sideloader, and a guillotine. Additionally, an extensive list of other items such as cutters, drills, generators, an air compressor, hand tools, and grinders are incorporated into the price.

A full itinerary of equipment is available upon request to interested parties. The possibility of a transitional period is yet to be determined.

The ideal buyer for this business would be someone who is already operating in a related field and is wanting to increase their footprint. The company has strong business operations, but the owner is now retiring due to health reasons and a core member of the management team is also leaving at the end of December 2020, making this a prime expansion opportunity for the right buyer.

The new owner can take steps to achieve further growth of the business, principally by obtaining a greater number of secure contracts and increasing the size of the team to cope with additional demand. They may also wish to develop their online presence further, building upon the business’s excellent website with a more aggressive online advertising campaign.

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  • Village location
  • Residential area
  • Clients across the UK
  • On-site car parking
Rent
£24,000
Rates
£8,383
Lease Term
6
Lease Expiry
2022
Square Footage
15000
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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