Spray Painting, Powder Coating & Stove Enamelling Specialist in Hertfordshire

Letchworth Garden City, Hertfordshire
REF: S08219

Asking Price:
£140,000
Annual Turnover:
£237,053
Annual Net Profit:
£96,549
REF: S08219
Photo of Spray Painting, Powder Coating & Stove Enamelling Specialist in Hertfordshire

Overview

Tenure:
Leasehold
Established:
2009
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business
  • Equipment Included

This is a unique opportunity to acquire one of Hertfordshire’s fastest-growing specialists in the fields of spray painting, powder coating, and stove enamelling. The business was originally established in 2009 and has operated successfully over this time, whilst also gaining a loyal customer base and an excellent reputation in the sector.

Based in Letchworth, this thriving business has seen rapid growth as a result of their dedication providing clients with the very best possible service at a competitive price. They have clients across the whole spectrum of manufacturing and can tackle anything from “one-off” bespoke jobs to runs of thousands of units.

The friendly, professional team is currently comprised of 3 highly qualified members of staff, who all have excellent client relationships and in-depth knowledge of the business. Prior to Covid, the business employed a further staff member, so there is huge scope to once again build back up to this.

The business has strong relationships in place with the suppliers of their quality products, which could normally be hard to attain for a new buyer. With equipment included and huge potential for growth, this business would be perfect for someone with skills and qualifications in this type of work.

This business is relocatable within the current area of operation, which should provide the new owner with a great deal of flexibility over their work location. At the minute, the business does have a premise, however, the lease expired in September 2020 and is now running on a rolling monthly basis. The new owner would have the option to take on the lease for £16k per year, if desired.

All equipment will be included in the sale, meaning the new owner will be able to get to work straight away.

The current owner is happy to offer an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This business would be ideal for anyone who has the necessary skills and qualifications to complete this type of work. It would also work brilliantly as a bolt-on opportunity for any similar businesses within the industry.

There is huge potential for growth with this business, as there is a massive opportunity to gain further successful contracts with large companies.

The business already has an easy-to-use website, although it may be beneficial for the new owner to update the site, in order to continue attracting high volumes of trade. The company doesn’t currently have any social media presence, as most of their main work comes from businesses, rather than the general public. The new owner could choose to create some social media pages, if wanted.

Location

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  • This business is relocatable within the current area of operation, which should provide the new owner with a great deal of flexibility over their work location. At the minute, the business does a prem

Property

Annual Rent
£16,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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