Mechanical Handling Business With Own Product Line for Sale
Leasehold : £ 225,000
Turnover : £ 6,750 p.w.
Gross Profit : 61%
Our client's business provides class leading solutions to a worldwide, blue chip customer base.
The range of own products underpins 75% of sales with 25% of sales to customers requiring a bespoke solution. A recent bespoke solution designed and built from the ground up has won an award from the Aerospace sector and provided a solution beyond the compass of any competitor.
Engineering excellence is at the heart of what they do hence they remain a preferred supplier of high end solutions for businesses in the Pharmaceutical, Food, Paper and other sectors. 30% of sales are exports.
There is significant potential in the business, both in developing the product range, offering maintenance packages and developing overseas sales channels. As our client is seeking to exit the business he is looking to sell to someone who can develop the business over the medium term and allow him to exit in an agreed fashion for the correct value.
Property Details: Leasehold
Asking Price: £225,000 + Net Assets (Leasehold)
Turnover: £350,000 Annual
The business operates from a small industrial unit of 162 sq.m. plus a mezzanine floor.
The lease expires in 2015 with a current rent of £9,900 p.a.
Reason For Selling:
Our clients are seeking a medium term exit strategy to allow them to retire. A longer term, but part time consultancy arrangement may also be available.