Specialist Engineering Company in Essex

Saffron Walden, Cambridge
REF: 02088

Asking Price:
£99,999
Annual Turnover:
£78,624
Annual Net Profit:
£15,063
REF: 02088

Overview

Tenure:
Relocatable
Established:
1987
  • Loyal customer base
  • High adjusted net profit
  • Minimal overheads
  • Minimal competition

For sale is a superb specialist engineering company on the Essex and Cambridgeshire border.

Turnover for 2017-2018 is expected to be £75K - £95K with an impressive adjusted net-profit figure due to minimal overheads. These figures are being achieved within part time hours.

The vendor has achieved these figures despite limited trading and advertising. If a buyer were to proactively seek new clients and advertise in trade publications, they would almost certainly attract new clients and increase sales revenue significantly.

A buyer could rent a small office to undertake administrative duties or continue to operate the business from home, minimising overheads and maximising profits. A buyer could also expand the business and offer its services across the UK, potentially recruiting an additional staff member to help manage the increase in work.

Due to the nature of the business, this is a goodwill sale, excluding premises. The sale includes any stock that the business is holding at point-of-sale and a small amount of testing equipment. The company would suit an entrepreneurial engineer looking for a specialist company with huge potential.

Due to the nature of the business, this is a goodwill sale and there are no premises included in the sale.

The current vendor operates the business from their home address and spends most of his time visiting his clients’ premises. A potential buyer could choose to rent a small office to undertake administrative duties or continue to run the business from home, to reduce the overheads of the business.

The business’s customer base is made up of commercial clients across the County and surrounding areas. A potential buyer could choose to expand the business and offer their services across the country, which could result in employing a member of staff to cover these other areas.

The sale also includes any stock that the business is holding at point of sale and a small amount of testing equipment.

Superb opportunity to acquire a specialist engineering company in Essex.

Specialising in the sale and supply of lifting and safety equipment, on site testing and inspection of equipment and the design and fabrication of such equipment.

The business has been established since 1987 and has experienced financial growth on an annual basis. The turnover for 2019-2020 is expected to be £100,000 - £120,000.

With a great reputation in their industry and a loyal customer base, including blue chip clients, the company is also an approved agent for reputable brands in their industry and has been endorsed by the ‘Daily Mail’ and the ‘Daily Telegraph’ in recent years.

If a potential buyer were to proactively seek new clients and advertise in trade publications, they would attract new clients and increase the sales revenue significantly.

Loading...
  • Located on the outskirts of Essex
  • Minimal competition in the local area
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

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

Refine

Miles
£
£
£
£
Timed popup